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Friday, December 6, 2024

Banking & Finance

RCBC bullish on credit card spending in fourth quarter

Rizal Commercial Banking Corp. (RCBC), the financial arm of the Yuchengco Group, said it expects credit card spending to increase 50 percent in the fourth quarter of 2024 from a year ago, as people will likely spend on retail and travel. RCBC Credit Card president Arniel Vincent Ong said the bank expects a significant rise in spending particularly on toys, hobbies, electronics, clothing and department stores. The growth is driven by...

BSP, banks complete test of Project Agila

The Bangko Sentral ng Pilipinas (BSP) and participating financial institutions (FIs) finished...

PH payment system becomes more seamless

Payments are undergoing a significant evolution, driven by advancements in technology and...

InLife acquires Generali’s Philippine unit

Insular Life (InLife) fully acquired Generali Life Assurance Philippines Inc. to expand...

DBM rolls out dashboard for LGU fund monitoring

The Department of Budget and Management (DBM) has rolled out its latest...

Credit card benefits during Xmas holidays

Credit cards have become the go-to tool for managing holiday expenses with...

RCBC bullish on credit card spending in fourth quarter

Rizal Commercial Banking Corp. (RCBC), the financial arm of the Yuchengco Group, said it expects credit card spending to increase 50 percent in the fourth quarter of 2024 from a year ago, as people will likely spend on retail and travel. RCBC Credit Card president Arniel Vincent Ong said the bank expects a significant rise in spending particularly on toys, hobbies, electronics, clothing and department stores. The growth is driven by...

BSP, banks complete test of Project Agila

The Bangko Sentral ng Pilipinas (BSP) and participating financial institutions (FIs) finished...

PH payment system becomes more seamless

Payments are undergoing a significant evolution, driven by advancements in technology and...

InLife acquires Generali’s Philippine unit

Insular Life (InLife) fully acquired Generali Life Assurance Philippines Inc. to expand...

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The Bangko Sentral ng Pilipinas (BSP) said Friday inflation rate likely settled within a range of 2.2 percent to 3.0 percent in November, compared...

Security Bank acquiring 25% stake in Home Credit PH

Security Bank Corp. said Friday it is acquiring 25 percent stake in HC Consumer Finance Philippines, Inc. (HCPH), a leading consumer financing company in...

Bank loans, money supply rose in October—BSP

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