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BSP eyes new benchmarks for pricing bank loans

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Financial regulators are preparing a new and more transparent set of benchmarks that banks can use for pricing loans which, in turn, may affect how much it will take for businesses to expand and consumers to buy cars and homes.

Posted: July 10th, 2014 in Editor's Pick,Headlines | Read More »

Small banks reported less bad loans in ’13

An increase in lending activities slightly improved the gross non-performing loans (NPLs) ratio of the country’s cooperative, rural and thrift banks at end-2013, the Bangko Sentral ng Pilipinas (BSP) reported on Friday.

Posted: June 7th, 2014 in Headlines | Read More »

GSIS releases P14B to ‘Yolanda’ victims

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Close to P14 billion in financial assistance has been released by the Government Service Insurance System (GSIS) since Super Typhoon Yolanda hit the country last November.

Posted: May 16th, 2014 in Editor's Pick,Headlines | Read More »

With new rules, BSP to stem rise of toxic assets

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More financially savvy and better-informed consumers will allow the Philippines to dodge its own version of an economic downturn brought on by the rise in the level of toxic loans.

Posted: May 15th, 2014 in Headlines | Read More »

Loans boost Security Bank’s Q1 income

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Security Bank Corp. saw its net income rise by 17 percent to P1.43 billion, from P1.2 billion in the first three months of 2013.

Posted: April 30th, 2014 in Headlines | Read More »

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