News

Moody's keeps 'stable' outlook on PH banks, warns of risk over Hanjin

ABS-CBN News
Updated as of Jan 16 10:57 AM

Philippine banks are on "strong footing" with "robust" capital and liquidity buffers to withstand challenges that could come up in the next 12 to 18 months, Moody’s Investor Service vice president and senior analyst Simon Chen told ANC.  Read more »

Hanjin's creditor banks play down size of loan exposures

ABS-CBN News
Updated as of Jan 15 01:16 PM

The banks issued separate disclosures to the stock exchange after the Manila Times reported Tuesday that Moody's could cut the ratings of 5 banks with a combined $412 million loan exposure to Hanjin. Read more »

Banking shares seen to recover from Hanjin selloff

ABS-CBN News
Updated as of Jan 14 10:20 AM

Banking stocks fell last Friday after news broke that 5 lenders were seeking to collect $412 million from Korean shipbuilder Hanjin, which sought court-assisted rehabilitation. Read more »

As Hanjin seeks rehab, BSP says PH banking system ‘strong, stable’

ABS-CBN News
Updated as of Jan 11 08:11 PM

The industry remains "very liquid and profitable," the BSP said. Read more »

Woman incurs P200K credit card debt in alleged hacking; BPI, Lazada react

ABS-CBN News
Updated as of Jan 12 03:17 PM

Digital retail giant Lazada on Friday asked its customers to "exercise caution" if they notice any "suspicious" transactions on their cards. Read more »

Hanjin creditors risk earnings hit if loans not provisioned: analyst

ABS-CBN News
Updated as of Jan 11 04:46 PM

Reeling from a global slowdown in shipping, Hanjin's Philippine unit sought court-assisted rehabilitation to pay 5 banks some $412 million. Read more »

Philippine banks seek to collect millions from downturn-hit Hanjin

ABS-CBN News
Updated as of Jan 11 09:53 PM

Hanjin, which employs 3,000 people at its shipyard north of Manila, has $2.3 billion in assets and the rehabilitation filing was a "proactive move" to avoid default, said Subic Bay Metropolitan Authority administrator Wilma Eisma. Read more »

Hanjin creditors eye all options, 'will be alright,' says BPI president

Cathy Yang, ABS-CBN News
Posted at Jan 11 09:49 AM

Five Philippine lenders seeking to cover some $412 in loans to Hanjin are "in close contact with one another" and "will do what's best for the banking industry and for the country," Bank of the Philippine Islands president Cezar Consing said. Read more »

Lalaki inireklamo ang bangko sa P97,000 singil sa credit card

ABS-CBN News
Updated as of Dec 29 10:06 PM

Naninindigan naman ang bangko na "lehitimo" ang transaksiyon at kailangan itong bayaran ni complainant.  Read more »

This card allows you to curate your own experience in the most premium of the city’s establishments

Partner Feature
Updated as of Dec 21 01:28 PM

The BPI Visa Signature card defines for us this thing they call the “quintessential signature lifestyle.” Read more »

LIST: Bank schedules for the holidays

ABS-CBN News
Updated as of Dec 21 05:53 PM

Banks have announced their operating hours for the Christmas holiday.  Read more »

BPI eyes digital transformation to future-proof banking business

ABS-CBN News
Updated as of Dec 18 10:17 PM

MANILA - BPI on Monday said it could spend more on technology as it forays into digitalization to future-proof its business.   Read more »

BPI Direct Banko taps micro-entrepreneurs to reach growth target

ABS-CBN News
Posted at Dec 17 05:02 PM

BPI Direct Banko taps market vendors, 'touching lives' with affordable loan rates Read more »

BPI extends banking hours in December

ABS-CBN News
Posted at Dec 07 04:34 PM

Starting Dec. 10 to Jan. 3, 138 BPI and 36 BPI Family Family Savings Bank will extend for an hour on weekends, the bank said in a statement.  Read more »

BPI prices inaugural peso bonds, worth P25 billion

ABS-CBN News
Updated as of Nov 20 10:23 AM

BPI said the issue size was increased to P25 from the initial guidance of P5 billion and the consolidated order book reached P38 billion. Read more »

BPI says ATM transactions back to normal

ABS-CBN News
Posted at Oct 20 11:11 AM

MANILA - The Bank of the Philippine Islands (BPI) said Saturday ATM services were available again after system maintenance Friday night.   Read more »

Serbisyo ng mga ATM ng BPI, nagkaaberya

Ron Lopez, ABS-CBN News
Updated as of Oct 19 11:57 PM

Ang ilan, nagulat nang umabot sa milyong piso ang laman ng kanilang account balance bagamat hindi naman ito nawi-withdraw. Read more »

Ice comes to poor fishing communities via Palamigan social enterprise

ABS-CBN News
Updated as of Oct 10 07:39 PM

An enterprise that helps agricultural and fishing communities set up small ice plants was recently recognized by the Bank of the Philippine Islands Foundation for its work.  Read more »

Why higher interest rates may be good for the economy

ABS-CBN News
Updated as of Sep 12 09:03 AM

The Bangko Sentral ng Pilipinas could hike its benchmark rate by as much as 50 more basis points, bringing it to 4.5 percent by year end, which will still be low compared to the early 2000s. Read more »

BPI on track to meet targets, says Consing

ABS-CBN News
Posted at Aug 06 10:17 AM

Reorganizing some business units today will pay off in the long run, its president Cezar Consing said on Monday. Read more »