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Saturday, April 27, 2024

Banking & Finance

Peso rebounds to 57.71 a dollar

The Philippine peso slightly rebounded to 57.71 against the US dollar Friday from a 17-month low of 57.78 Thursday on increased trading volume. Data from the Bankers Association of the Philippines (BAP) showed that trading reached nearly $1.7 billion Friday, up from $1.4 billion the day before. The peso is among the regional currencies that depreciated against the dollar in recent weeks amid the tension in the Middle East and the...

PDIC appoints new independent directors

Philippine Deposit Insurance Corp. (PDIC) chairperson and Bangko Sentral ng Pilipinas (BSP)...

SteelAsia borrows P8.3b from GSIS, banks

SteelAsia Manufacturing Corp., one of the world’s largest reinforced bar manufacturers, said...

Banks’ lending standards unchanged in first quarter

Lending standards for corporate and household borrowers remained unchanged in the first...

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Security Bank launches P3-b fixed-rate bond sale

Security Bank Corp., one of the country’s largest universal banks, launched on Monday the offer period for its fixed-rate peso bonds with a minimum...

Maya Bank registered 1m customers in five months

Maya Bank, the digital banking arm of Voyager Innovations Inc., said Tuesday it registered one million customers and reached P10-billion deposit balance in just...

GCash expands lending business

GCash, the country’s leading mobile e-wallet, is expanding its lending business amid the rising adoption of digital finance among Filipinos. “With our suite of lending...

US dollar extends banner run as market awaits inflation data

New York, United States—The dollar extended its banner run of 2022 on Monday, pushing higher following the latest solid US jobs data as equities...

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