Banking & Insurance

The Light Rail Transit Authority (LRTA) is seeking a P3-billion loan from Land Bank of the Philippines to settle its remaining financial obligations to Light Rail Manila Corp. (LRMC), the private operator of LRT Line 1.

East West Banking Corp., the country’s 11th largest lender by assets, capped 2025 with a 21 percent jump in net income to P9.2 billion, powered by robust core revenues, double-digit fee growth and tighter cost discipline, underscoring the bank’s expanding earnings engine in a competitive market.

The Government Service Insurance System (GSIS) has launched Ginhawa Go, a short-term micro-loan program for government employees, offering quick access to cash through the GSIS Touch mobile app.

The Bangko Sentral ng Pilipinas (BSP) has signed separate information sharing agreements with the National Bureau of Investigation (NBI), Cybercrime Investigation and Coordinating Center (CICC), and Securities and Exchange Commission (SEC) to strengthen the government’s crackdown on financial scams.

In January 2023, as East West Banking Corp. entered a new leadership chapter, Jerry G. Ngo became chief executive officer, bringing a lifelong belief that banking is “the physiology of the economy”—the system that keeps commerce alive.