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BSP says Philippines poised to recover from virus fallout 'as quickly as possible'

ABS-CBN News
Updated as of Aug 10 10:33 AM

Bangko Sentral ng Pilipinas Gov.Benjamin Diokno said Monday the Philippines could recover from the "temporary" economic plunge due with its strong fundamentals.    Read more »

Metrobank says H1 net income down due to COVID-19 'proactive measures'

ABS-CBN News
Posted at Aug 03 12:04 PM

Metropolitan Bank & Trust Co said Monday its net income declined in the first half of 2020 but it continues to build reserves as the business "remains strong" despite the coronvirus pandemic. Read more »

US Fed launches long-awaited Main Street lending program

Jonnelle Marte, Lindsay Dunsmuir and Ann Saphir
Posted at Jun 16 08:01 AM

The Federal Reserve on Monday launched its Main Street Lending Program, the most complex program undertaken yet by the US central bank to help keep the backbone of the economy from buckling under the strains of the coronavirus pandemic. Read more »

30 schools interested in ‘study now, pay later’ program: Duterte report

Jaehwa Bernardo, ABS-CBN News
Posted at Jun 16 07:29 AM

Thirty private schools are interested in a “study now, pay later” program by the Land Bank of the Philippines, which aims to ensure the continued education of students during the coronavirus pandemic, President Rodrigo Duterte said in a report released Monday. Read more »

Car dealers reeling from virus urge banks to loosen auto loan requirements

ABS-CBN News
Updated as of Jun 08 05:53 PM

An auto dealers' group said Monday that strict bank requirements for auto loans are hurting their business as they try to recover from almost 3 months of lockdown.  Read more »

Landbank may alok na pautang para sa private schools

ABS-CBN News
Posted at Jun 03 02:52 PM

Inihayag ngayong Miyerkoles ng Land Bank of the Philippines na patuloy pa rin silang tumatanggap ng aplikasyon mula sa mga pribadong paaralan para matulungan ang mga estudyanteng hirap magbayad ngayon ng tuition fee. Read more »

ECB pumps up bank lending, bond buys to cushion virus impact

Tom Barfield, Agence France-Presse
Posted at Mar 12 10:26 PM

 The European Central Bank on Thursday followed other major central banks with a flurry of measures to cushion the impact of the coronavirus, including increased bond purchases and cheap loans to banks, but surprised observers by leaving key interest rates unchanged. Read more »

Bank lending, money supply expand in November

ABS-CBN News
Posted at Jan 08 07:11 PM

Bank lending and the amount of money circulating in the country's financial system both expanded in November, the Bangko Sentral said on Wednesday citing preliminary data. Read more »

Nakunan dahil sa hiya: Mga sinindak ng lending apps nagreklamo sa NBI

ABS-CBN News
Updated as of Nov 14 07:37 PM

Si Karen Badang naman, na nasa kalagitnaan daw ng maselan niyang pagbubuntis, ay hindi umano tinantanan ng tumatawag na kolektor ng utang.  Read more »

Philippines seeks Google's help vs abusive online lending

ABS-CBN News
Updated as of Oct 30 01:21 PM

At least 27 online lending companies have been shut as the NPC investigates consumer complaints, its commissioner, Mon Liboro, told ANC. Some 5,000 complaints have so far been filed. Read more »

SEC asks BSP to cap interest rates, fees on consumer, payday loans

ABS-CBN News
Posted at Oct 28 12:41 PM

Predatory lending, which results in abusive, unethical and unfair means of collecting debt payments, remains as one of the major public complaints to the SEC, chairperson Emilio Aquino said in a statement. Read more »

NPC orders 26 lending firms to stop online operations

ABS-CBN News
Posted at Oct 21 07:29 PM

The National Privacy Commission said Monday it has ordered 26 mobile apps to stop online lending operations due to failure to respond to complaints. Read more »

'Clear risks' for stability in China's Pacific lending

Agence France-Presse
Posted at Oct 21 11:01 AM

In a study released Monday, the influential Lowy Institute warned that fragile Pacific nations risked borrowing too much and leaving themselves exposed to demands from Beijing. Read more »

ADB plans $9.1 billion in loans to Philippines under 3-year plan

ABS-CBN News
Posted at Oct 17 11:37 AM

The Manila-based lender said it would allocate 59.5 percent of its 3-year lending program Philippines Country Operations Business Plan (COPB) 2020-2022 on transportation projects including railway, bridges, road networks, and elevated pedestrian walkways. Read more »

NPC summons 67 online lending firms over privacy complaints

ABS-CBN News
Posted at Oct 04 11:08 PM

The National Privacy Commission (NPC) on Friday summoned 67 online lending companies over data privacy complaints. Read more »

Opisina ng online lending app na nanghihiya sinalakay; 54 timbog

Jerome Lantin, ABS-CBN News
Updated as of Sep 27 07:28 PM

Nag-ugat ang operasyon dahil sa sandamakmak na reklamo laban sa Mango Loan App na pinatatakbo ng Fuwei Lending Corporation sa Pasig City. Read more »

Mga nagreklamo vs 'namamahiyang' lending apps pumalo sa 1,000

ABS-CBN News
Posted at Sep 25 08:33 PM

Pinangalanan na ng Securities and Exchange Commission ang 19 online lending apps na inirereklamong namamahiya ng kanilang mga pinautang.  Read more »

SEC investigating 64 lending apps over complaints of harassment

ABS-CBN News
Posted at Sep 25 10:18 AM

The Philippine Securities and Exchange Commission said that while fintech is helping bridge the gap for unbanked Filipinos, some are taking advantage of the system to cheat or harass clients. Read more »

SEC asks Google to ban firms behind lending apps shut down in PH

ABS-CBN News
Updated as of Sep 24 11:43 AM

If any of the apps continue to operate, their operators will be held liable, the SEC warned. Read more »

SEC orders 11 online lending apps to stop operations

ABS-CBN News
Updated as of Sep 23 02:06 PM

The Securities and Exchange Commission (SEC) said Monday it has ordered 11 online lending applications to stop its operations following complaints. Read more »