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'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 »

What you do online can help you get the loan you need

Aneth Ng-Lim
Posted at Jun 07 01:21 PM

By giving its financial partners an added layer of behavioral insights, CredoLab is helping open more lines of credit to the unbanked and the underbanked.  Read more »

Loans for your dream wedding

Moneymax.ph
Posted at Jun 07 08:14 AM

Kung medyo kulang pa ang wedding funds right now, alamin kung ano at paano makakatulong ang wedding loans sa inyo ng future spouse mo.  Read more »

Mga nag-savings program, housing loan sa Pag-IBIG tumaas habang pandemya

ABS-CBN News
Updated as of Jun 10 03:22 PM

Sumipa ang bilang ng mga nag-savings program at housing loan sa Pag-IBIG Fund habang pandemya. Read more »

Bank lending contracts by 5 percent in April: BSP

ABS-CBN News
Posted at May 31 06:05 PM

Outstanding loans of universal and commercial banks, net of reverse repurchase (RRP) placements with the Bangko Sentral ng Pilipinas, declined by 5 percent year-on-year in April following a 4.5 percent contraction in March, it said Monday. Read more »

Bangko Sentral keeps key rate steady to support recovery

ABS-CBN News
Updated as of May 12 09:01 PM

The BSP kept its overnight reverse repurchase rate at a record low of 2 percent as the Philippines continued to struggle with the surge in COVID-19 cases that threatens economic recovery.  Read more »

Bank lending falls 4.5 percent in March

ABS-CBN News
Posted at May 10 06:29 PM

Bank lending fell in March as a surge in COVID-19 cases dampened economic outlook, the Bangko Sentral ng Pilipinas said on Monday. Read more »

'One-time' P20,000 para sa EC pensioners ibibigay nitong Mayo: GSIS

ABS-CBN News
Updated as of May 08 06:20 PM

Makakakuha ng P20,000 ang mga EC pensioners, o ang mga pensioner nila na maaagang nagretiro sa serbisyo sa gobyerno dahil sa kanilang karamdaman.    Read more »

Philippines urges ADB to 'level up', expand loan portfolio to support recovery: DOF

ABS-CBN News
Updated as of May 04 10:20 PM

MANILA (UPDATE) - The Philippines is urging the Asian Development Bank to "substantially expand" its loan portfolio for the next 5 years to boost recovery of developing member-countries from the COVID-19 pandemic. Read more »

ADB chief says investment in health, education to hasten economic recovery

ABS-CBN News
Posted at May 03 05:25 PM

Governments should spend more on education and the health sector to speed up recovery in the region, Asian Development Bank president Masatsugu Asakawa on Monday said. Read more »

Approved public sector foreign loans in Q1 reach $2.84 billion: BSP

ABS-CBN News
Updated as of May 03 12:11 PM

The Monetary Board has approved a total of $2.84 billion of public sector foreign borrowings in the first quarter of 2021, the Bangko Sentral ng Pilipinas said Monday.   Read more »

Why does the Philippines need billions in foreign loans?

ABS-CBN News
Updated as of Apr 30 04:52 PM

The Philippines' foreign debt has ran up to $18.4 billion, as it struggles to contain the spread of the COVID-19 pandemic, the Department of Finance said on Friday.    Read more »

China loans to Sub-Saharan Africa projects rose slightly last year— report

Jevans Nyabiage, South China Morning Post
Posted at Apr 30 01:28 PM

Chinese lenders advanced US$3.3 billion in 2020, a slight increase from 2019’s US$2.2 billion, according to the report from the multinational law firm Baker McKenzie, New Dynamics: Shifting Patterns in Africa’s Infrastructure Funding, which analyses new data from IJ Global.   Read more »

Budget deficit widens to P321.5-B in first quarter as spending rises, revenues fall

ABS-CBN News
Posted at Apr 27 02:30 PM

The Philippines’ budget deficit widened to P321.5 billion from January to March this year, after booking a P191.4 billion shortfall last month, the Bureau of Treasury said on Tuesday.  Read more »

Philippines' total loans to address pandemic balloon to P754 billion

ABS-CBN Investigative and Research Group
Posted at Apr 23 04:55 PM

Total government loans for COVID-19 response grew by USD2.1 billion (approximately P102.38 billion) in less than four months since December 15. Read more »

BDO Unibank posts P28.2 billion net income for 2020

ABS-CBN News
Posted at Apr 23 04:36 PM

BDO Unibank on Friday said it posted a net income of P28.2 billion in 2020 and P10.4 billion in the first quarter of 2021 as testament of its resilient business despite the COVID-19 pandemic.   Read more »

EU to borrow around 150 billion euros annually for recovery fund

Reuters
Posted at Apr 14 05:13 PM

The European Commission plans to borrow around 150 billion euros annually until 2026 to finance the bloc's unprecedented plan to make its economy greener and more digitalized, making it the biggest issuer in euros, a document from the Commission showed. Read more »

Bank lending declines 2.7 percent in February: BSP

ABS-CBN News
Posted at Mar 31 02:01 PM

Bank lending declined by 2.7 percent in February partly due slower activities brought by the pandemic, the Bangko Sentral ng Pilipinas said Wednesday.  Read more »

FIST to let Philippine banks offload billions in bad debts in next 2 years: BSP

Bruce Rodriguez, ABS-CBN News
Posted at Mar 29 08:39 PM

Philippine banks which were badly affected by the COVID-19 pandemic will get a much-needed boost from the implementation of the Financial Institutions Strategic Transfer (FIST) Act, which will let them offload billions of pesos of bad debts. Read more »

PH debt hits P10.4 trillion at end of February

ABS-CBN News
Posted at Mar 29 04:39 PM

The Philippine government’s total outstanding debt rose to over P10.4 trillion at the end of February, the Bureau of Treasury said on Monday. Read more »