Banking & Insurance
Security Bank to boost consumer finance portfolio with Home Credit acquisition
Security Bank Corp. has announced an agreement to acquire a 25 percent stake in Home Credit Philippines (HCPH), a leading consumer financing company in the country, from MUFG Bank Ltd. for approximately P11 billion.
Real-time payments to unlock $323M economic boost in PH by 2028
Real-time payments in the Philippines are expected to provide banking access to nearly 21 million unbanked Filipinos, contributing an additional $323 million to the country’s economy by 2028, according to a report by ACI Worldwide and The Centre for Economics and Business Research (Cebr).
Globe secures P3B loan from BPI for expansion
Globe Telecom Inc. said it has signed a term loan facility with Bank of the Philippine Islands for P3 billion to finance its capital expenditures, debt refinancing, and general corporate requirements.
ADB elects Masato Kanda as 11th president
The Asian Development Bank (ADB) has announced the unanimous election of Masato Kanda as its 11th President.
Emerging East Asia financial conditions show mixed trends amid global uncertainty – ADB
Financial conditions in Emerging East Asia weakened slightly between September and October this year, reflecting a shift in sentiment as global uncertainties mounted, according to the Asian Development Bank.
