Banking & Insurance
BDO scales up UTM rollout to modernize in-branch banking
BDO Unibank, Inc. is accelerating its digital banking strategy with the nationwide expansion of its universal teller machines (UTMs), a move aimed at enhancing in-branch customer experience and reducing reliance on over-the-counter services.
Treasury bill yields mostly lower at auction
Average rates of Treasury bills (T-bills) were either steady or lower at the auction Monday, with strong demand and benign inflation expectation easing yields on longer-dated T-bills.
UnionBank 1Q net profit fall on one-off items; revenue up 8.4%
UnionBank of the Philippines reported P19.4 billion in revenue for the first quarter, an 8.4 percent year-on-year growth. The bank’s performance continues to be driven by a thriving consumer business, expanding net interest margin, and rising fee-based revenue.
CIMB resolves unauthorized transfers as BSP ensures oversight and consumer protection
CIMB Bank Philippines reported having fully resolved an incident involving unauthorized fund transfers that occurred on the night of 26 April, with all affected customers now reimbursed, the bank announced on Sunday.
GSIS surpasses insurance targets third time still
The Government Service Insurance System (GSIS) again exceeded its non-life insurance premium target, collecting ₱10.5 billion in 2024 against the goal of only ₱8.9 billion.
