Banking & Insurance
Land Bank taps Isabela cooperative in agri-financing push
The Land Bank of the Philippines has struck an alliance with the Unified Tiller Agriculture Cooperative (UTAC), a development that strengthens commercial financing in agriculture and bolsters the country’s rice production capacity.
ADB: digitalization key to tackling inequality in Asia-Pacific
Digital transformation holds the potential to significantly reduce persistent economic inequality across Asia and the Pacific, but governments must act to close digital divides in infrastructure, access, and skills, according to a new report released today by the Asian Development Bank (ADB) during its annual meeting in Milan.
EastWest Bank reports P1.8-B 1Q 2025 net income on strong consumer lending
East West Banking Corp. (EastWest) posted net income of P1.8 billion for the first quarter of 2025, sustaining its growth momentum on the back of robust consumer lending and disciplined cost management.
Non-bank lenders capture millions as digital loan apps grow in popularity
Filipinos spent an estimated 1.54 billion seconds—or the equivalent of 49 years—using non-bank digital lending applications in 2024, underscoring the growing dominance of fintech platforms in delivering financial services, according to a new analysis from online lender Digido.
ADB urges bold collective action amid uncertainty at Milan meetings
The Asian Development Bank (ADB) has called for intensified collective action to confront the region’s mounting challenges, framing today’s uncertainty as an inflection point for building a more resilient and sustainable future. Speaking at the Opening Session of ADB’s 58th Annual Meeting of the Board of Governors in Milan, Italy, ADB President Masato Kanda emphasized the urgency of coordinated responses to external shocks, climate change, and debt burdens.
