Banking & Insurance
Banks open enhanced PESO IRS market, boosting loan pricing transparency
The Bankers Association of the Philippines (BAP) has officially launched the enhanced peso interest rate swap (PESO IRS) market, effective Monday, 18 November.
IFC boosts development in Asia Pacific with record $12.2B investment
The International Finance Corporation (IFC), the World Bank Group’s private sector arm, has reported a record USD12.2 billion in investments across Asia Pacific for the fiscal year ending 30 June 2024.
Security Bank 9-month profit rises 12%, boosted by strong revenue growth
Security Bank Corporation reported a 12 percent annual increase in net profit for the first nine months of 2024, posting P8.5 billion compared to P7.6 billion in the same period last year.
BSP warns of fraudulent group using its name to solicit funds
The Bangko Sentral ng Pilipinas (BSP) on Tuesday issued a warning regarding a group named “12 Stars Sunflower Holding Corporation” and its alleged leader, “Princess Jonah A. Seneca,” who are reportedly using the BSP’s name to solicit money from the public.
BSP orders GCash to resolve unauthorized deductions
The Bangko Sentral ng Pilipinas (BSP) has intervened in the ongoing issue of unauthorized deductions from GCash accounts, directing G-Xchange, Inc. (GXI) to swiftly address the problem and expedite refunds for affected users.
