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Bank deposits paying less

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Savers in the country continued to earn a miniscule amount from keeping their money in banks, with the average annual interest rate on savings accounts averaging only 1.04 percent in March.

Savers in the country continued to earn a miniscule amount from keeping their money in banks, with the average annual interest rate on savings accounts averaging only 1.04 percent in March.

Posted: May 30th, 2013 in Latest Business Stories | Read More »

Peso bank deposits hit P4.1T as of September

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BANK deposits as of September rose from a year ago, indicating the banking sector’s ability to meet rising demand for loans and support a more robust economic growth over the short term.   Besides indicating rising incomes, the Bangko Sentral ng Pilipinas said the increase in bank deposits reflected the general confidence of the public [...]

Posted: December 26th, 2012 in Editor's Pick,Headlines | Read More »

PDIC raises automatic claims payment for small clients

A person whose bank deposit amounts to P15,000 or below need no longer go through the process of filing for an insurance claim in the event of a bank closure, according to the Philippine Deposit Insurance Corp.

Posted: November 29th, 2012 in Headlines | Read More »

Banks’ deposit base up 7.9%

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Bank deposits in the country maintained a healthy growth pace in the first half of the year which, monetary officials said, could be attributed to rising household incomes.

Posted: September 25th, 2012 in Headlines | Read More »

Bank deposits up by 9.3% to P4T as of end-April

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Deposits placed in banks further increased in April, boosting optimism among monetary officials that the resources of the banking sector will remain sufficient to help fuel the growth of the economy.

Posted: August 27th, 2012 in Headlines | Read More »

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