Rappler's latest stories on banks in the Philippines
Key dates in Germany's Wirecard fraud scandal
Here are the key developments that led to Wirecard's demise
5 things to know about the Wirecard scandal
Here are the key facts about the scandal involving German payments provider Wirecard, which has reached the Philippines
BDO to buy out Nomura's 49% stake in stock brokerage company
BDO says Nomura's exit will enable the company to consolidate its securities brokerage business into BDO Securities Corporation
BPI suspends employee over possible Wirecard scandal involvement
'The employee who may have played a part in the preparation of [falsified documents] has been suspended and is under investigation,' says BPI
Scandal-hit Wirecard says missing 1.9 billion euros may not exist
(3rd UPDATE) Wirecard says further examination shows 'there is a prevailing likelihood that the bank trust account balances in the amount of 1.9 billion EUR do not exist'
Philippine banks deny holding Wirecard's missing $2.1 billion
BDO and BPI say German payments firm Wirecard is not their client
Coronavirus drags down BDO net income by 10% in Q1 2020
BDO says its core lending and deposit-taking businesses sustained growth, but its investment portfolio and bottom line are dragged down by the coronavirus pandemic
BPI reviews spending plan, braces for loan defaults due to coronavirus
BPI increases its buffer for loan default losses as a result of the pandemic. Executives also say the bank is 'well-positioned' for the expected rise in digital transactions.
Coronavirus pushes more banks to tighten credit standards in Q1 2020
Majority of banks say they have maintained credit standards, but more have started reporting tighter rules as the coronavirus pandemic raises economic risks
'Largest budget support ever': ADB lends PH $1.5 billion vs coronavirus
Finance Secretary Carlos Dominguez III says the loan will help fund programs to defeat COVID-19 and bridge the higher deficit requirement estimated at P990 billion
LIST: Banks' grace period for card, loan payments amid coronavirus
Most banks offer a 30-day grace period for qualified credit cardholders as well as home, auto, and personal loan clients
Bank schedules for EDSA Revolution anniversary, February 25, 2020
Here are the banks which will have certain branches open on Tuesday, February 25, 2020
COA to DSWD: Pay Landbank's P82.72 million in unpaid 4Ps service fees
COA adjusts the payout figure to Landbank to a lower amount compared to the original claim of P87.05 million and the amended claim of P92.27 million
UnionBank net income shoots up 104% to P14 billion in 2019
UnionBank's strategy? Digital transformation while maintaining lean operations.
BDO waives fees for Taal Volcano cash donations
Filipinos overseas can donate cash through BDO Remit offices for free from January 14 to March 31
Bank schedules for Christmas 2019
Here are the operating hours of banks in the Philippines during the holiday season
Bangko Sentral cuts banks' reserve requirement anew to support growth
The Bangko Sentral ng Pilipinas doubles down on monetary measures to counter global headwinds
BPI 9-month net income jumps 29.5% to P22 billion
BPI's net income from January to September is just P1 billion less than the P23.1 billion it earned during the entire 2018
BPI services down on October 19 due to system upgrade
Online banking, ATMs, and other services will be temporarily unavailable
Bangko Sentral hits the gas for economic growth
The Bangko Sentral ng Pilipinas announces the lowering of the level of cash banks need to keep on the same week it slashed interest rates
Higher penalties now await bank account hackers, credit card skimmers
Hacking a banking system can now land you in jail for life due to a new law imposing stiffer penalties for access device fraud
Poe says lawmakers 'not in a rush' to pass fintech bill
Senators recommend the creation of a task force among government agencies to study digital currencies such as Bitcoin
Landbank loans to agriculture sector hit P238 billion as of July 2019
Total loans grow by 8% in July, as Landbank expands direct credit to small farmers and fishers
Duterte slams Lopez group anew for past DBP loans
President Rodrigo Duterte launches a fresh tirade against the Lopez family, warning he might 'start to dig' up information about how DBP loans obtained by their companies were written off
Islamic banking now more accessible under new law
Islamic banks differ from regular banks as they adhere to Shari’ah law and its economic principles
SC affirms junking of graft case vs DBP, textile firm over Marcos-era behest loans
The Supreme Court Third Division backs the Ombudsman's 2006 decision to dismiss the complaint filed by the Presidential Commission on Good Government
Villar urges Landbank to ease loan process for sugar farmers
Senator Cynthia Villar, chair of the Senate committee on agriculture, says Landbank was taking too long to process farmers' loan applications
Bangko Sentral: Banks need our approval to raise ATM fees
The House committee on banks and financial intermediaries is set to investigate a looming 50% increase in ATM fees
BPI net income soars by 24.6% to P13.7 billion in H1 2019
The Bank of the Philippine Islands boasts impressive earnings as corporate, consumer, and credit card loans jump by double digits in the 1st half of 2019
FAST FACTS: What you should know about Landbank
(3rd UPDATE) President Duterte threatens to shut down the government bank in his 4th SONA, saying it's acting more like a commercial bank instead of focusing on farmers and fishermen
UnionBank's H1 2019 earnings up just 2% as it shifts to digital
UnionBank posts a net income of P4.8 billion in the 1st half of 2019, as it sustains growth of earning assets despite lower margins and investment in its digital transformation
BDO boasts 54% earnings growth to P20.2 billion in 1st half of 2019
BDO beats conservative forecasts, growing its earnings from P13.1 billion in the 1st half of 2018 to P20.2 billion in 2019
Loans push Metrobank’s income up 18% in 1st half of 2019
Metrobank says the double-digit growth is due to consistent loan growth, higher fee-based income, and prudent operational expenditures
Landbank turns over 354,783 hectares of land to DAR
(UPDATED) The Land Bank of the Philippines, which President Rodrigo Duterte criticized in his 4th State of the Nation Address, says this turnover happened in May 2019
Landbank to submit plans for farmers after Duterte threat
The Land Bank of the Philippines says it is committed to helping farmers and fishermen, a day after President Rodrigo Duterte threatened to have it abolished
Duterte threatens to abolish Landbank
'What the heck is wrong with you? You are supposed to finance agricultural enterprises and endeavors,' President Rodrigo Duterte tells the Land Bank of the Philippines
RCBC system maintenance to start 10 pm on July 19
Banking services will be unavailable during RCBC's system maintenance from 10 pm on Friday, July 19, to 10 pm on Saturday, July 20
You can now reload Beep cards using BPI Online
Beep cards can now be reloaded through BPI Online or the bank's app in 4 steps
New RCBC president gears up for bank's digital shift
Eugene Acevedo, a veteran banker and technology advocate, now leads RCBC
[OPINION] A facade of smiles over the Recto Bank incident
From within the government's ranks, all is definitely not well with President Duterte’s pro-Beijing policy
No major decision reached after Duterte execs meet on Recto Bank
The meeting comes as the usually outspoken President Rodrigo Duterte draws flak for his silence on the Recto Bank incident
Recto Bank: Why China covets what belongs to the Philippines
Recto Bank is said to contain most of the oil and natural gas in the West Philippine Sea. The Philippines owns it.
BPI customers furious over new online transaction charges
The new charges take effect on July 1
Landbank wants to cover more agrarian reform beneficiaries
The Land Bank of the Philippines eyes more farmer-beneficiaries after its loans for small farmers and fisherfolk went up to P13 billion in the first 3 months of 2019
Bangko Sentral slashes reserve requirement for small banks
The Bangko Sentral ng Pilipinas slashes the amount small banks need to hold in their reserves – a move that is expected to free up some P20 billion in the economy
Money for drugs, human trafficking coursed through PH banks – AMLC
The Anti-Money Laundering Council finds 161,650 suspicious transactions totaling P17.9 trillion from 2013 to 2017. The amount was used to fund crimes like illegal drugs, human trafficking, and terrorism.
Virtual bank ING offers high savings interest rate of 2.5%
Many Filipinos are still wary of digital banking, but ING Bank's high interest rate for savings accounts might convince some to make the shift
Bangko Sentral shuts down Rural Bank of Basey in Samar
The Rural Bank of Basey is the fifth bank closed by the Bangko Sentral ng Pilipinas in 2019
Bank schedules on Philippine election day, May 13
Here are advisories of banks for the 2019 midterm polls on Monday, May 13
SC: Release P747-M retirement perks of ex-DBP employees
The Supreme Court grants a petition questioning the Commission on Audit's notice of disallowance on the Development Bank of the Philippines' retirement program
