Banking & Insurance
BSP, AMA Rural Bank reach settlement as claims process continues
The Bangko Sentral ng Pilipinas (BSP) and AMA Rural Bank of Mandaluyong, Inc. (AMA Bank) have reached a full and amicable settlement to resolve all disputes, aimed at protecting the interests of the bank’s depositors and clients. The regulator and subject have agreed to formalize the settlement through a compromise agreement.
Bureau of Treasury set 1Q borrowing blitz
The government is lining up a hefty start to its 2026 borrowing program, targeting P824 billion in the first quarter alone to help fund state spending.
Lender brings Google Pay to Filipino cardholders
EastWest Bank cardholders are now turning to contactless payments through Google Pay, which has recently become available in the Philippines for compatible Android and Wear OS devices. EastWest is among the first local banks to support the service, allowing customers to add their Visa or Mastercard credit cards to Google Wallet and pay with a simple tap of their phone.
Finance chief welcomes SSS Emergency Loan Program
Finance Secretary and Social Security Commission Chairman Frederick D. Go praised the Social Security System (SSS) for launching its Emergency Loan Program (ELP), saying it will help members get faster and easier access to financial support during disasters.
Central bank cautions public on BSP-linked scams
The Bangko Sentral ng Pilipinas has warned the public to stay alert against fraudulent schemes that misuse the BSP’s name, logo, and even the names and signatures of its officials.
