Banking & Insurance
UnionDigital lending push gets boost with new capital
Union Bank of the Philippines is doubling down on its digital ambitions after its board approved the infusion of up to P1.3 billion in additional capital into its wholly owned subsidiary, UnionDigital Bank Inc.
BSP eyes stronger capital markets, market-based operations
The Bangko Sentral ng Pilipinas (BSP) is stepping up efforts to deepen the money market, expand capital market development, and improve cross-border payments to support economic growth and financial stability, BSP deputy governor Zeno Ronald R. Abenoja said at the 4th ASEAN+3 Economic Cooperation and Financial Stability Forum held in November in Hong Kong.
Maya adds easy in-app travel insurance for itinerant Filipinos
Maya has tapped M Pioneer Insurance Inc. In offering SafeTrip travel insurance directly in the Maya app, giving Filipino travelers simple, affordable, and easy access to protection before they go abroad.
Partnership expands access to loans with for SMEs
The Philippine National Bank (PNB) has signed a landmark loan facility agreement with Discovery Capital Finance Corp. (DCFC) to strengthen financial support for Small and Medium Enterprises (SMEs) across the country. The partnership aims to help local businesses access the capital they need to grow, create jobs, and drive economic activity in communities outside major cities.
PH green energy targets fuel sustainable finance expansion – ING Bank report
The Philippines is seeing rapid growth in sustainable finance as investments in renewable energy and green infrastructure pick up pace, supported by strong regional demand and increasing interest from global lenders such as ING.
