Tag: Philippine Banks
-
BPI Restores Major Mobile App Services Following Downtime Issues
MANILA, Philippines – The Bank of the Philippine Islands (BPI) has confirmed on Saturday, March 1, the restoration of major features in its mobile app and online banking system after experiencing glitches that started on Friday, February 28. “We have successfully restored select critical functionalities within the BPI mobile app and BPI online platform. Currently,…
Written by
-
Philippine Banks’ Non-Performing Loan Ratio Hits One-Year Low
In Manila, the non-performing loan (NPL) ratio for Philippine banks dropped to its lowest point in a year, reaching 3.27 percent in December of the previous year. According to the Bangko Sentral ng Pilipinas (BSP), this figure marks the lowest NPL ratio since it was at 3.24 percent in December 2023. The ratio had been…
Written by
-
Philippine Banks’ Non-Performing Loans Hit One-Year Low
In a positive turn for the Philippine banking sector, the ratio of non-performing loans (NPLs) to total loans dropped to a one-year low of 3.27 percent in December of the previous year. This figure, reported by the Bangko Sentral ng Pilipinas (BSP), marks the lowest NPL ratio since it stood at 3.24 percent in December…
Written by
-
Senator Gatchalian Demands Thorough Investigation into Banks’ Involvement in POGO Money Laundering
Senator Sherwin Gatchalian has pledged to ramp up the investigation into the potential role of banks and other financial entities in money laundering activities connected to the illegal operations of Philippine offshore gaming operators (POGOs). This commitment was made public on January 13, 2024, following the shutdown of the largest POGO facility in Kawit, Cavite,…
Written by