Ty-led Metropolitan Bank & Trust Co. (Metrobank) is putting more barriers between scammers and customers’ money as fraudsters increasingly use phishing and account takeovers to gain control of digital banking accounts.
The Sy family-led China Banking Corp. posted an 11 percent increase in first-half profit as loan growth accelerated past the P1 trillion mark, reinforcing the bank’s position as one of the country’s strongest lenders.
Apple has officially launched Apple Pay in the Philippines on Tuesday, bringing the iPhone maker’s contactless payment service to one of Southeast Asia’s fastest-growing digital payments markets.
As the country’s oldest bank marks its 175th anniversary, the Ayala banking arm is looking beyond its storied past and focusing on a new challenge: bringing millions more Filipinos into the formal financial system.
Metropolitan Bank & Trust Co. kept first-half earnings largely steady as solid loan growth and stable margins helped cushion a tougher operating environment for banks.
The Yuchengco family-backed Rizal Commercial Banking Corp. reported a 22 percent decline in first-half net income as it set aside more provisions for potential credit losses amid heightened geopolitical uncertainties.
The Sy family-led BDO Unibank has completed the largest bond issuance in its history, raising a record P132 billion from its sixth peso-denominated ASEAN Sustainability Bond offer after investor demand exceeded the original P5 billion issue by more than 26 times.
Metrobank says more young Filipinos are opening savings accounts through its digital channels, underscoring how traditional lenders are stepping up efforts to win younger customers as competition from digital banks intensifies.
BDO Unibank posted slightly higher first-half earnings as loan growth continued to outpace the banking industry, helping offset money set aside to cover possible future loan losses.