Banking & Insurance
IMF commends Manila’s post-pandemic economic performance
The International Monetary Fund (IMF) has commended the Philippines for its handling of the economy following the conclusion of the latest round of annual visits known as Article IV consultations.
Bank lending still growing but at slower pace in August
Bank lending continued to expand in August but at a slower rate of 7.2 percent, significantly less than lending growth averaging 7.7 percent in July, the Bangko Sentral ng Pilipinas (BSP) said on Wednesday, citing preliminary data.
RCBC’s credit card issuance reaches 1-million mark
The Rizal Commercial Banking Corp. (RCBC) has breached the one-million benchmark in terms of credit cards-in-force.
Rural lender cited for outstanding performance in microfinance space
One bank stands out in the microfinance space in the Philippines, one that helped turn the lives of its micro, small and medium enterprise (MSME) borrowers living ordinary lives into productive entrepreneurs and employers helping spread the benefits of economic expansion, according to the prestigious publication Asiamoney.
Japan’s Q3 business mood improves in boost to economic outlook
Japan's business sentiment improved in the three months to September, a central bank survey showed on Monday, suggesting the economy is weathering headwinds from slowing global growth for now.
