Banking & Insurance
PCIC pilots AI-backed insurance to speed up typhoon relief
The Philippine Crop Insurance Corp. (PCIC) is set to pilot a technology-driven insurance program aimed at expediting claims processing for rice farmers impacted by typhoons, starting with the 2025 wet cropping season.
BPI posts P33B net profit in 1H on strong lending
Bank of the Philippine Islands (BPI) reported a net income of P33 billion for the first half of 2025, up 7.8 percent from P30.6 billion a year ago, as strong lending activity and higher margins lifted revenues despite rising costs and provisions.
RCBC lists sustainability bond that raised P12.2B
Rizal Commercial Banking Corp. (RCBC), the country’s sixth-largest lender, has successfully listed its Series F ASEAN Sustainability Bonds due 2028 on the Philippine Dealing and Exchange Corp. (PDEx), raising a total of P12.21 billion.
BSP cancels registration of financial entities over AML infractions
The Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) has ordered the removal of three firms from its registry of authorized non-bank financial institutions due to serious and persistent regulatory breaches, including violations of anti-money laundering laws.
PNB taps Japan fintech in remittance boost bid
The Philippine National Bank (PNB) has partnered with Japan-based fintech firm Digital Wallet Corp. (DWC)—the operator of Smiles, Japan’s top mobile remittance platform—to enhance the efficiency and accessibility of global money remittances, particularly for Filipinos in Japan.
