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Keisha Ta-Asan
Keisha Ta-Asan
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RCBC branch upgrade completed this year
by Keisha Ta-Asan - May 24, 2024 - 12:00am
Yuchengco-led Rizal Commercial Banking Corp. is eyeing to upgrade its remaining 118 branches to the new Branch of Today format this year.
BSP moves to curb forex speculation
by Keisha Ta-Asan - May 24, 2024 - 12:00am
The Bangko Sentral ng Pilipinas has intervened in the exchange rate market in “modest” amounts to curb speculation as the peso approached a record low on Tuesday, the BSP’s top official said.
Country Builders rebrands as Top Bank, eyes expansion via mergers
by Keisha Ta-Asan - May 23, 2024 - 12:00am
Top Bank Philippines Inc. (A Rural Bank), formerly Country Builders Bank Inc., is looking out for expansion opportunities through mergers or acquisitions to meet the evolving needs of its clients.
BSP yet to finalize credit card cap review
by Keisha Ta-Asan - May 23, 2024 - 12:00am
The Bangko Sentral ng Pilipinas has yet to finalize its decision on whether to keep, raise or lower the current three percent interest rate cap on credit card transactions, a top BSP official said.
BOP deficit widens to $639 million in April
by Keisha Ta-Asan - May 22, 2024 - 12:00am
The Philippines registered a balance of payments deficit of $639 million in April as the government settled more foreign obligations, the Bangko Sentral ng Pilipinas said.
Peso breaches 58:$1
by Keisha Ta-Asan - May 22, 2024 - 12:00am
The peso pierced the 58 to $1 level yesterday, weakening by 37 centavos to close at 58.27 from 57.90 last Monday, due to delayed rate cuts from the US Federal Reserve, the Bangko Sentral ng Pilipinas said.
Philippine lags in ASEAN credit growth indicators
by Keisha Ta-Asan - May 21, 2024 - 12:00am
The country’s credit growth is seen declining over the next two quarters, compared to its Association of Southeast Asian Nations peers, Bank of America Global Research said in a report.
Analysts mixed on timing of BSP rate cut
by Keisha Ta-Asan - May 20, 2024 - 12:00am
Local and foreign analysts are divided on whether the Bangko Sentral ng Pilipinas (BSP) has room to cut ahead of the US Federal Reserve, as doing so may put pressure on the peso.
BSP wants stricter policies vs erring bank personnel
by Keisha Ta-Asan - May 20, 2024 - 12:00am
he Bangko Sentral ng Pilipinas (BSP) is looking to require its supervised financial institutions to have a policy in determining the process and criteria on when to file legal cases against erring personnel, including...
Tighter-than-necessary rate environment on BSP’s radar
by Keisha Ta-Asan - May 19, 2024 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) is beginning to see a tighter-than-necessary monetary policy environment, which may call the need to lower interest rates in the second half even if it cuts ahead of the US Federal...
Maya Bank, WeFund ink P2.75 billion loan channeling deal
by Keisha Ta-Asan - May 19, 2024 - 12:00am
Digital lender Maya Bank and WeFund Lending Corp., through Lightning Financing Co., have inked a P2.75-billion loan channeling deal to boost credit accessibility for the unbanked and underserved communities in the...
BSP seen defending peso at below 58:$1
by Keisha Ta-Asan - May 19, 2024 - 12:00am
The peso has been a “clear laggard” among Asian currencies against the dollar recently, which may prompt the Bangko Sentral ng Pilipinas (BSP) to defend the local unit and keep it below the 58 to...
Maya loan releases hit P34 billion
by Keisha Ta-Asan - May 18, 2024 - 12:00am
Maya Bank has disbursed over P34 billion in loans as of end-March, with 59 percent of its borrowers accessing credit for the first time through the lender.
BSP may cut big banks’ RRR to 5 percent
by Keisha Ta-Asan - May 18, 2024 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) is looking at a significant reduction in the level of deposits banks are required to keep with the central bank after it starts  cutting interest rates this year, its top...
BSP keeps rates on hold as expected
by Keisha Ta-Asan - May 17, 2024 - 12:00am
The Bangko Sentral ng Pilipinas hit the pause button for the fifth straight policy meeting as it kept the benchmark interest rates steady yesterday, but it may start cutting borrowing costs as early as August if...
Security Bank earns P2.6 billion in Q1
by Keisha Ta-Asan - May 16, 2024 - 12:00am
Security Bank Corp. earned 11 percent more to P2.62 billion in the first three months from P2.36 billion in the same period last year amid the robust growth in the bank’s retail and micro, small, medium enterprise...
Remittances grow at slowest pace in eight months
by Keisha Ta-Asan - May 16, 2024 - 12:00am
Dollars sent home by overseas Filipino workers climbed by 2.6 percent to a two-month high in March, although it was the slowest growth pace in eight months, according to the Bangko Sentral ng Pilipinas.
Agriculture loans surge to P3.2 trillion
by Keisha Ta-Asan - May 15, 2024 - 12:00am
Loans extended by banks to the agriculture sector significantly rose to P3.2 trillion as of June 2023 from the P848 million agri-agra credit allocated in the same period in 2022, the Bangko Sentral ng Pilipinas...
Banks ease exposure in real estate in 2023
by Keisha Ta-Asan - May 15, 2024 - 12:00am
The exposure of Philippine banks and trust entities to the volatile property segment eased slightly to 20.17 percent of total loans in end-December 2023 from 20.55 percent in end-September last year, data from the...
PBCom profit drops 8.4 percent in 3 months
by Keisha Ta-Asan - May 14, 2024 - 12:00am
Philippine Bank of Communications posted a net income of P496 million in the first quarter of the year, down by 8.4 percent from a year ago due to higher operating expenses.
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