BDO Unibank, Bank of the Philippine Islands, and Metropolitan Bank & Trust Co.—the largest, second and fourth largest lenders by assets, according to a central bank report—also reported improvements in their nonperforming loan ratios on the growth of the loan portfolio and the steady or lower nonperforming loans.
The Government Service Insurance System (GSIS) has launched Ginhawa Go, a short-term micro-loan program for government employees, offering quick access to cash through the GSIS Touch mobile app.
The Bangko Sentral ng Pilipinas (BSP) has signed separate information sharing agreements with the National Bureau of Investigation (NBI), Cybercrime Investigation and Coordinating Center (CICC), and Securities and Exchange Commission (SEC) to strengthen the government’s crackdown on financial scams.
In January 2023, as East West Banking Corp. entered a new leadership chapter, Jerry G. Ngo became chief executive officer, bringing a lifelong belief that banking is “the physiology of the economy”—the system that keeps commerce alive.
SM Hotels and Conventions Corporation (SMHCC) has secured a major international sustainability accolade, clinching the “2025 World’s Leading Sustainable Circular Economy” title at the World Sustainable Travel & Hospitality Awards held in Dubai.