Banking & Insurance

Legazpi Savings Bank (LSB), a subsidiary of the Bank of the Philippine Islands (BPI), has opened three new branch-lite units (BLUs) in Northern Luzon, as part of its ongoing mission to support educators and strengthen communities. The new branches are located in San Fernando (La Union), La Trinidad (Benguet), and Tuguegarao City (Cagayan)—key hubs serving over 85,000 teaching and non-teaching staff and more than 5,000 schools across Regions I and II.

A recent study by insurance company EastWest Ageas reveals that 82 percent of Filipinos actively work toward income security, while 81 percent prioritize health to avoid costly medical expenses. 

Iloilo Province has launched the Paleng-QR Ph Plus program to promote wider use of digital payments in public markets, public utility vehicles (PUVs), and local businesses, in line with the national push for financial inclusion.

Security Bank Corp. has launched a fixed-rate peso bond offering with a minimum issue size of P5 billion and an option to increase through oversubscription. The bonds, part of the bank’s P200-billion peso bond and commercial papers program, will have a five-year tenor and offer a fixed annual interest rate of 6 percent. The public offering runs from September 22 to October 17, 2025, with a minimum investment of P500,000 and increments of P100,000.

Security Bank Corporation has been included in the FTSE Asia Pacific Small Cap Index, following the September 2025 quarterly review by FTSE Russell. The inclusion took effect after market close on September 19, 2025.