Tag: banks
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BSP to grant licenses for four more digital banks
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THE BANGKO SENTRAL ng Pilipinas (BSP) will allow four more digital banks to operate in the country starting next year, it said on Thursday.
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Banks maintain lending standards in 2nd quarter
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PHILIPPINE BANKS continued to maintain tighter credit standards in the second quarter, a Bangko Sentral ng Pilipinas (BSP) survey showed. The BSP’s latest Senior Bank Loan Officers’ Survey (SLOS) published late on Friday showed most respondent banks maintained their lending standards for both enterprises and households, based on the modal…
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UNEP FI Launches Guidance For Banks To Operationalize Circular Economy And Sustainability Links
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The UN Environment Programme Finance Initiative (UNEP FI) has unveiled a series of groundbreaking resources aimed at guiding banks worldwide in integrating circular economy principles to combat climate change, nature […] The post UNEP FI Launches Guidance For Banks To Operationalize Circular Economy And Sustainability Links appeared first on SolarQuarter.
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PHL banks’ total assets up 12.4% as of end-May
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THE PHILIPPINE banking industry’s total assets jumped by an annual 12.4% as of end-May, Bangko Sentral ng Pilipinas (BSP) data showed.
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ACEN Secures US$150 Million Five-Year Syndicated Green Term Loan from International Banks
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ACEN, through its subsidiary ACEN Renewables International Pte. Ltd., has secured a five-year syndicated green term loan and revolving credit facility amounting to US$150 million. A consortium of leading international […] The post ACEN Secures US$150 Million Five-Year Syndicated Green Term Loan from International Banks appeared first on SolarQuarter.
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BSP warns banks vs use of automated data-scraping tools
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THE BANGKO SENTRAL ng Pilipinas (BSP) has warned its supervised institutions against the use of robotic process automation (RPA) and other scraping methods in handling “sensitive” data. In a memorandum, the BSP said the use of these technologies have “merits as an internal data collection automation tool” but can hurt…
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GCash launches new partnership with Meridian, allowing transfers from over 12,000 US banks to GCash accounts
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From US to Dubai, GCash and Filipino Communities come together to celebrate PHL Independence Day GCash, the Philippines’ leading finance app and largest cashless ecosystem, brought the spirit of Filipino independence to overseas Filipino communities this June. From the vibrant streets of New York City to the sun-kissed shores of…
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PHL banks fall short of lending quota for small, medium businesses
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PHILIPPINE BANKS failed to meet the mandated quota for small business loans in the first quarter, data from the Bangko Sentral ng Pilipinas (BSP) showed. Loans extended by the banking industry to micro-, small-, and medium-sized enterprises (MSMEs) amounted to P474.922 billion as of end-March. This made up only 4.41%…
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PHL big banks’ asset growth quickens in Q1
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THE COMBINED ASSETS of the Philippines’ biggest lenders rose in the first quarter, fueled by increasing confidence in the economy’s prospects.
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PHL banks’ exposure to the real estate sector eases to 20%
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THE EXPOSURE of Philippine banks and trust entities to the property sector eased to 20.17% as of end-December last year, from 20.55% at end-September 2023, data from the Bangko Sentral ng Pilipinas (BSP) showed. Preliminary BSP data also showed this was lower than the 20.98% ratio at the end of…