Banking & Insurance
I-Remit narrows Q1 loss amid revenue collapse
i-Remit Inc., a listed fund transfer and remittance company servicing migrant Filipino workers, posted a net loss of P60.1 million in the first quarter, narrower than P104.5 million loss in the year-earlier period.
RCBC names ex-finance chief Dominguez as independent director
Rizal Commercial Banking Corp. (RCBC), the country’s sixth-largest lender by assets, has elected former Finance Secretary Carlos Dominguez as an independent director.
Treasury bill rates slipped amid easing hopes
Average rates on treasury bills were lower at Monday’s auction, reflecting expectations of further monetary easing by the Bangko Sentral ng Pilipinas (BSP).
BSP expands financial literacy drive to boost MSME growth, support economic inclusion
The Bangko Sentral ng Pilipinas (BSP) continued its push for economic inclusion and financial empowerment through its flagship Economic and Financial Learning Program (EFLP), hosting a two-day financial literacy session tailored for micro, small, and medium enterprise (MSME) owners and workers in Dasmariñas City.
UnionBank Reports 9.2 Percent Revenue Growth in H1 2025
UnionBank of the Philippines, the country’s 10th largest lender by assets, said it maintained its strong topline momentum in the first half, reporting total revenues of P39.7 billion, a 9.2 percent increase year-on-year. The growth was largely driven by higher net interest income and an expanded fee-income base, reflecting the bank’s solid performance across key areas.
