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Monde Nissin inks deal with SBCorp for sari-sari loans

ABS-CBN News
Posted at Sep 23 11:20 AM

Monde Nissin Corp on Thursday said it signed an agreement with the Small Business Corp (SBCorp) to give sari-sari stores wider access to loans. 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 »

Why You Should Apply for an Unsecured Loan

Moneymax.ph
Posted at Sep 13 12:22 PM

Here are some compelling reasons why you should apply for an unsecured loan when the need arises. Read more »

PH borrowings to drop to P2.25T in 2022: Finance chief

ABS-CBN News
Posted at Aug 26 03:49 PM

The Philippine government’s borrowings will drop in P2.25 trillion in 2022 from the P3 trillion expected this year. Read more »

Philippines' Jan-July budget gap at P837.3 billion

ABS-CBN News
Posted at Aug 24 11:02 AM

The Philippines posted a budget deficit of P121.2 billion in July bringing the total budget gap from January to July to P837.3 billion. 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 »

BPI says bad loans 'under control', deposits growing steadily despite pandemic

ABS-CBN News
Updated as of Aug 11 01:09 PM

Non-performing loans or bad loans are "under control" and are better than initial expectations as consumers adapt to the COVID-19 pandemic, Bank of the Philippine Islands president and CEO Jose Teodoro Limcaoco said Wednesday. 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 »

Twitter's Dorsey leads $29-B buyout of lending pioneer Afterpay

Byron Kaye and Paulina Duran, Reuters
Posted at Aug 02 02:11 PM

The takeover underscores the popularity of a business model that has upended consumer credit by charging merchants a fee to offer small point-of-sale loans which their shoppers repay in interest-free instalments, bypassing credit checks. Read more »

BDO says profits reached P21.4 billion in first half of 2021

ABS-CBN News
Posted at Aug 02 10:02 AM

BDO Unibank on Monday said it posted P21.4 billion in profit for the first 6 months of the year due to sustainable earnings and normalized operations.  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 »

Philippines books P149.9 billion budget deficit in June

ABS-CBN News
Posted at Jul 27 02:22 PM

The Philippines booked a P149.9 billion budget deficit in June as government spending again outstripped income, the Bureau of Treasury said on Tuesday. Read more »

BPI books highest quarterly income since start of pandemic

ABS-CBN News
Posted at Jul 22 04:54 PM

Bank of the Philippine Islands on Thursday said it posted a net income of P6.8 billion in the second quarter, which was the bank’s highest quarterly income since the start of the pandemic. Read more »

Banks still 'upbeat' but expect bad loans to remain high: BSP

ABS-CBN News
Posted at Jul 21 07:02 PM

The Bangko Sentral ng Pilipinas said Wednesday the banking industry remains optimistic despite forecasting the bad loan ratio remaining high in the short term. Read more »

China's bank regulator warns of rising bad loans due to uneven recovery

Reuters
Posted at Jul 14 08:25 PM

Chinese banks are facing the threat of rising bad loans in the future as the current economic recovery is unbalanced and lacks a solid foundation, the country's top banking and insurance watchdog said on Wednesday. Read more »

Bank lending declines by 4 percent in May due to 'muted' credit activity: BSP

ABS-CBN News
Posted at Jun 30 05:24 PM

Outstanding loans of universal and commercial banks, net of reverse repurchase, declined by 4 percent in May following a 5 percent drop in April, the Bangko Sentral ng Pilipinas said Wednesday. Read more »

Philippines' budget deficit hits P566.2 billion in May

ABS-CBN News
Posted at Jun 22 04:24 PM

The Philippines booked a P200.3-billion budget deficit for May, bringing the total deficit for the year to P566.2 billion, the Bureau of Treasury said on Tuesday.    Read more »

Creditors can't sue AirAsia X for another 9 months, says Malaysia court

Reuters
Posted at Jun 18 03:03 PM

The Malaysian high court has granted AirAsia X Bhd a nine-month extension on a restraining order which prevents creditors from filing any legal proceedings against it, the airline said in a stock exchange filing.   Read more »

'Game-changer' vaccine drive to bring positive loan growth in Q3: BSP chief

ABS-CBN News
Posted at Jun 14 12:38 PM

Loans, which have been lagging for the last few months, could start growing positively again by the third quarter as the government's vaccination drive gains ground, Bangko Sentral ng Pilipinas Governor Benjamin Diokno on Monday said.  Read more »