Banking & Insurance
Digital finance giants team up for ₱2.75B lending push
Southeast Asia’s leading digital finance platform Atome and the country's top digital bank Maya Bank have signed a ₱2.75 billion (approx. US$48 million) loan channeling agreement aimed at expanding access to credit for millions of underserved Filipinos.
GSIS earmarks P1.9B emergency loans for storm victims
The Government Service Insurance System (GSIS) has set aside an additional P1.9 billion in emergency loans for more than 71,000 active members and pensioners in five areas severely impacted by the southwest monsoon (habagat), the Intertropical Convergence Zone, and tropical storms Crising, Dante, and Emong.
Digital lender offers high interest savings for MSMEs
CIMB Bank Philippines, recently named the country’s best digital bank by The Asian Banker, has launched CIMB Biz, a new banking segment aimed at supporting micro, small, and medium enterprises (MSMEs) with improved access to formal financial services.
GSIS backs reform agenda with major pension, digital upgrades
The Government Service Insurance System (GSIS) has pledged full support for President Ferdinand R. Marcos Jr. 's call for integrity, prudent investment, and modernization in public service, unveiling wide-ranging reforms aimed at enhancing the welfare of government workers and retirees.
BSP deploys new anti-scam law to probe flood control corruption accounts
The Bangko Sentral ng Pilipinas (BSP) has launched an investigation into bank accounts linked to the recent flood-control corruption controversy, invoking for the first time the newly enacted Anti-Financial Account Scamming Act (AFASA), or Republic Act No. 12010.
