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China cuts lending rates, boosting property firms

Agence France-Presse
Posted at Jan 20 01:47 PM

China further reduced bank lending costs Thursday in the latest move to boost its stuttering economy. Read more »

How to get out of pandemic debt

Warren De Guzman, ABS-CBN News
Posted at Jan 18 04:01 PM

Cash-strapped Filipinos struggling with finances during the pandemic should plan debt repayment in an organized manner, a financial planner said. Read more »

ADB approves $250-M loan to boost PH vaccine supply

ABS-CBN News
Updated as of Dec 13 02:30 PM

The Asian Development Bank said Monday it approved a $250 million (P12.5 billion) loan to help boost the vaccine supply in the Philippines. Read more »

Banks urged to keep real estate lending 'a priority'

ABS-CBN News
Posted at Dec 02 01:07 PM

The Bangko Sentral ng Pilipinas said Thursday real estate lending should remain a priority for banks. Read more »

Bank lending expands anew in October

ABS-CBN News
Posted at Dec 01 12:00 PM

The outstanding loans of universal and commercial banks, net of reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas increased faster at 3.5 percent in October, data from the central bank showed. Read more »

BSP keeps credit card interest rate at max 2 pct/month

ABS-CBN News
Posted at Nov 26 02:06 PM

The Bangko Sentral ng Pilipinas on Friday said it has maintained credit card transaction ceilings it has set last year including the maximum interest for outstanding balance at 2 percent per month. Read more »

SEC issues moratorium on new online lending apps

ABS-CBN News
Posted at Nov 05 05:32 PM

The Securities and Exchange Commission on Friday issued a moratorium on the registration of new online lending platforms (OLPs) ahead of the release of new rules governing the sector. Read more »

China Bank net income up 35 percent

ABS-CBN News
Posted at Nov 04 11:32 AM

China Banking Corp on Thursday said it posted a consolidated net income of P11.2 billion for the January to September period. Read more »

Bank lending expands 2.7 percent in September: BSP

ABS-CBN News
Posted at Oct 29 04:30 PM

Outstanding loans of universal and commercial banks, net of reverse repurchase (RRP) placements with the BSP rose by 2.7 percent in September compared to the same period last year, the central bank said Friday. Read more »

Banks tighten lending standards in Q3: BSP survey

ABS-CBN News
Posted at Oct 21 09:39 PM

The BSP said banks became stricter about lending money to businesses and consumers in the July to September period, based on its survey. Read more »

Businesses more pessimistic in Q3: BSP survey

Warren De Guzman, ABS-CBN News
Posted at Sep 24 06:08 PM

Businesses have turned pessimistic while consumers' outlook was less pessimistic as shown in the latest business and consumer expectation surveys. Read more »

PH banking system 'stable' as total assets grow: BSP

ABS-CBN News
Posted at Sep 22 05:25 PM

The Philippine banking system remains stable despite the ongoing COVID-19 pandemic as total assets grew, BSP data showed. Read more »

Fintech group tells lending apps to uphold data privacy laws

ABS-CBN News
Posted at Sep 21 07:19 PM

Online lending apps should ensure the protection of data provided by their users as mandated by law, Fintech Alliance.PH said Tuesday. Read more »

RCBC posts 7 percent increase in net income in H1

ABS-CBN News
Posted at Aug 16 12:44 PM

Rizal Commercial Banking Corp on Monday said its consolidated net income for the first half of 2021 rose 7 percent to P3.3. billion compared to the same period last year. Read more »

4 Illegal Lending Practices na Dapat Iwasan

Moneymax.ph
Posted at Aug 16 12:39 PM

Kung hindi ka sure kung legit ang pag-uutangan mo, check out the following red flags. Read more »

BSP says no loan moratorium during ECQ

ABS-CBN News
Posted at Aug 09 09:24 AM

The Bangko Sentral ng Pilipinas said it would no longer issue a mandatory moratorium or grace period for loans during the 2-week lockdown but clients could ask their banks for relief. Read more »

IMF officially approves increased lending capacity

Agence France-Presse
Posted at Aug 03 10:57 AM

The board of governors of the International Monetary Fund on Monday greenlit increasing the institution's lending capacity by $650 billion, the last step in approving an initiative to boost aid to the most vulnerable countries.   Read more »

BPI CEO wary of Delta variant but says 'worst is over' for banks

Bruce Rodriguez, ABS-CBN News
Posted at Aug 02 09:21 PM

The worst effects of the COVID-19 pandemic may be over for the Philippine banking sector, but the spread of the Delta variant still presents uncertainties, the head of Bank of the Philippine Islands said on Monday.    Read more »

Bank lending declines in June, slower than previous month: BSP

ABS-CBN News
Posted at Jul 30 04:32 PM

Consumer loans to residents dropped by 8.6 percent in June from a 9.2 percent decrease in May "as motor vehicle loans and salary-based consumption loans declined further," the central bank said. Read more »

Duterte says tax reforms boosted growth before COVID-19 hit

ABS-CBN News
Updated as of Jul 26 08:01 PM

The tax reforms passed by Congress helped drive economic growth before the arrival of the COVID-19 pandemic, President Rodrigo Duterte said on Monday during his last State of the Nation Address.  Read more »