Banking & Insurance
UnionBank eyes P30B bond sale to fund growth
Union Bank of the Philippines is seeking to raise up to P30 billion through a new bond issuance as the Aboitiz-led lender strengthens its funding base and positions itself for future growth amid a still-evolving interest rate environment.
Etiqa pays P3.8B insurance claims, deepens trust
Etiqa Philippines paid out P3.8 billion in insurance claims in 2025 and disbursed more than P600 million to healthcare providers, underscoring efforts to strengthen customer trust and reinforce its position in the country's competitive insurance industry.
Asialink Finance secures ₱500M funding for underserved sector support
Asialink Finance Corp. (AFC) has obtained a ₱500 million sustainability-linked social facility from Cathay United Bank. The funding will let AFC expand loans to rural micro, small, and medium enterprises (MSMEs), unbanked individuals, and women-owned businesses — key drivers of local employment and economic resilience.
Regulators push credit-linked parametric insurance to boost climate-resilient lending
The Bangko Sentral ng Pilipinas (BSP) and Insurance Commission (IC) said that combining parametric insurance with loans can expand financing to climate-vulnerable sectors like agriculture, fisheries, and micro, small, and medium enterprises (MSMEs), while strengthening the financial system’s ability to manage risks.
Security Bank names JD Yap as new CFO
Security Bank Corp. has appointed executive vice president John David “JD” Yap as its new chief financial officer (CFO), starting June 13, 2026. He takes over from senior vice president Allen Reyes, who will leave the bank on June 12 to pursue other career opportunities.
