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News and Events

Which of the Biggest PH Banks’ Branches Are Open During the ASEAN Summit Holiday (Nov. 13-15)?

Know which ones are open and closed during the long break

Several branches of the country’s largest banks will be open over the extended weekend as Philippine and foreign leaders convene for the 31st ASEAN Summit on November 13 to 15.Banks have been urging their clients to finish all transactions on the second week ...

by Pauline Macaraeg  | November 12, 2017 09:00:00
News and Events

Going Cashless: 75% of Pinoys Have Banking Apps on their Phones While 65% Have Tried Buying Stuff Online

BSP wants a fifth of all payments to be electronic by 2020 from less than 1% in 2015

More and more Filipinos are turning to their mobile phones in order to avail of banking services rather than go to a physical branch, according to a study by global financial services provider Visa.According to the SEA Consumer Payments Attitude Survey 2016, ...

by Lorenzo Kyle Subido  | November 08, 2017 01:00:00
News and Events

You Can Now Send Money, Pay Bills and Buy Load Through Facebook Messenger

The social media giant partners with PayMaya and GCash to provide mobile financial services in the PH

Social media platform Facebook has partnered with Philippine mobile wallet platforms PayMaya and GCash to offer financial services via its communication app Messenger. Through PayMaya and GCash chatbots integrated with the app, Messenger users are now able to transfer money to their ...

by Lorenzo Kyle Subido  | September 22, 2017 05:00:00
News and Events

Mindanao Rural Bank Wins Php7.5M ADB Grant to Pilot Cloud-Based Banking in PH

Cantilan Bank in Surigao del Sur aims to process loans in hours instead of days

A family-owned rural bank in the second-class town of Cantilan in Surigao del Sur province in Mindanao will receive $150,000 (Php7.5 million) in grants from the Asian Development Bank (ADB) to pilot cloud-based core banking technology in the Philippines.ADB said Cantilan Bank, ...

by Roel Landingin  | July 26, 2017 06:00:00
News and Events

BPI Launches Direct BanKo for Self-Employed Micro Borrowers

Offers NegosyoKo Loans worth from Php25,000 to Php300,000

Bank of the Philippine Islands (BPI), the country’s third largest bank by assets, launched the BPI Direct BanKo, Inc., its micro finance bank unit that aims to cater to the underserved sector of self-employed micro entrepreneurs (SEMEs) today, July 25.“Many of these ...

by Pauline Macaraeg  | July 25, 2017 06:00:00
News and Events

BDO Assures Depositors Amid Reports of ‘Potentially Compromised ATMs’

Bank’s president downplays incident, saying they were ”?"nothing out of the ordinary”

BDO Unibank Inc., the largest bank in the country in terms of assets, has vowed to protect depositors’ transactions and their deposits amid reports that some of its automated teller machines may have been compromised by fraudsters’ attempts to skim or steal ...

by Elyssa Christine Lopez  | June 16, 2017 05:00:00
News and Events

Honest BPI Clients Return Money Incorrectly Credited to Them

Bank officer also answers most frequently asked questions about banking glitch

Though a lot of the social media posts triggered by the computer glitch at the Bank of Philippine Islands (BPI) were complaints about lower than expected deposit balances, there were also some that reported unexplained higher balances.When asked about reports that some ...

by Entrepreneur Staff  | June 08, 2017 01:00:00
News and Events

BPI Deactivates Electronic Banking Channels Again After Brief Restoration

Bank branches nationwide will be open until 7:30 p.m. today to serve clients

UPDATE:  The Bank of the Philippine Islands issued an advisory 9 p.m. Thursday night. It said that clients may now access the bank's electronic channels (ATMs, internet banking, and mobile banking). It also advised clients to expect traffic-related difficulties in accessing online ...

by Lorenzo Kyle Subido  | June 08, 2017 11:00:00
News and Events

SM Prime is PH’s Only Trillion-Peso Firm but Has Many Peers in ASEAN

The Sy-family company is the only property developer in a list dominated by banks

Property developer SM Prime Holdings made headlines earlier this week as the first company listed at the Philippine Stock Exchange to have its market capitalization reach Php1 trillion.SM Prime Holdings is the real estate arm of the SM Group, which is owned ...

by Lorenzo Kyle Subido  | June 07, 2017 05:00:00
News and Events

BPI Blames ‘System Error’ for Double-Posted Transactions, Assures No Money Lost

Ayala Group-owned bank promises to restore online and electronic services within the day

UPDATE: In an advisory released at about 4 p.m., BPI announced that its branches nationwide will be open until 7:30 pm today to assist customers. However, access to electronic channels such as ATMs and online banking is still unavailable pending the resolution of the bank’s ...

by Entrepreneur Staff  | June 07, 2017 02:00:00
News and Events

How Much is the Typical Filipino Depositor's Bank Balance?

Almost two-thirds of families with bank accounts keep a deposit of only Php10,000 or less

If the average balance in your deposit account is only Php5,000 or less, you’re actually in good company. Almost half of the country’s households with bank accounts have only that much in deposits, according to the Bangko Sentral ng Pilipinas (BSP)’s latest ...

by Entrepreneur Staff  | May 29, 2017 10:00:00
News and Events

Who’s In, Out Among Giant PH Firms in Forbes’ Global 2000 List?

Find out the surprising changes in the local companies that made it to the exclusive ranking

Eight Philippine corporations made it to Forbes magazine’s 15th annual listing of the world’s 2,000 largest public companies by market value, the Global 2000.That is one less than the nine companies that made last year’s list.Returning to the list after being absent ...

by Lorenzo Kyle Subido  | May 26, 2017 02:00:00
News and Events

Alfonso Yuchengco: Banker, Insurance Tycoon and Diplomat

The founder of RCBC and former UN ambassador passed away last April 15

Banking tycoon and former diplomat Alfonso Yuchengco passed away on Saturday, April 15, the Rizal Commercial Banking Corporation (RCBC) disclosed to the stock exchange on Monday. He was 94.The founding chairman of the RCBC led and established multiple firms across different industries ...

by Elyssa Christine Lopez  | April 17, 2017 06:00:00
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