Banking & Insurance
New BSP guidelines strengthening financial Institution resilience out
The Bangko Sentral ng Pilipinas (BSP) has approved new “Guidelines on Operational Resilience” for BSP-Supervised Financial Institutions (BSFIs), aimed at bolstering the sector's ability to manage disruptions to critical operations amid growing risks from natural disasters and rapid technological change.
BSP and Banque de France sign MOU on currency operations
The Bangko Sentral ng Pilipinas (BSP) and Banque de France have formalized a partnership through a memorandum of understanding (MOU) aimed at strengthening currency management and other central banking operations.
Pru Life UK secures the Philippines’ first takaful license
The insurer Pru Life UK has made history by receiving the first takaful or Islamic insurance license in the Philippines from the Insurance Commission.
RCBC sustainable finance portfolio nears P100 billion
Rizal Commercial Banking Corporation (RCBC) said that its sustainable finance portfolio has reached nearly P100 billion, underscoring its commitment to environmental and social impact within the banking sector.
PSBank reports 19% rise in nine-month income to P4 billion
The Philippine Savings Bank (PSBank), the thrift banking subsidiary of the Metrobank Group, on Monday announced a net income of P4 billion for the nine months ending 30 September 2024, marking a 19 percent increase from the same period last year.
