Banking & Insurance
Robust growth, low inflation fuel credit expansion in PH
The Philippine economy is gaining momentum as robust growth and record-low inflation in Q2 2025 create favorable conditions for credit expansion, according to research from global insights firm and credit reference agency TransUnion.
Lender highlights estate planning in “Legacy Unlocked” series
In anticipation of a major generational wealth transfer among Filipino families, EastWest Bank brought estate and succession planning to the forefront through its exclusive event series, “Legacy Unlocked: The Power of Planning for Generations.”
BOP surplus expands in August
The Philippines posted a balance of payments (BOP) surplus of US$359 million in August 2025, significantly higher than the US$88 million surplus posted in the same month last year, according to the Bangko Sentral ng Pilipinas (BSP).
BPI extends ₱7.4B funding for major solar project in Zambales
The Bank of the Philippine Islands (BPI) has signed a ₱7.4 billion project finance deal with AP Renewable Energy Corp., a subsidiary of Aboitiz Renewables, Inc., to fund a 221-MWp solar power plant in Olongapo, Zambales.
BSP tightens rules on large cash transactions
The Bangko Sentral ng Pilipinas (BSP) has issued new regulations requiring that large cash transactions exceeding ₱500,000 (or its foreign currency equivalent) be processed through traceable financial channels, as part of efforts to combat money laundering and enhance financial system integrity.
