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OFW Bank to open in 2017

Dedicated to the OFWs. The Duterte administration is opening an OFW Bank in the third quarter of 2017. An official from the Cebu Bankers Club said that amid expected competition, private commercial banks still have a huge advantage in terms of network. But if the governmen...

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BSP profit hits record P15.3 B in 10 months

Revenues surged 30.2 percent to P62.33 billion from P47.87 billion as interest earnings rose 21 percent to P38.83 billion from P32.08 billion, while miscellaneous income coming from trading gains from domestic and foreign currency secur...

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BSP profit hits record P15.3 B in 10 months

Revenues surged 30.2 percent to P62.33 billion from P47.87 billion as interest earnings rose 21 percent to P38.83 billion from P32.08 billion, while miscellaneous income coming from trading gains from domestic and foreign currency secur...

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Swap old bills before December 29

No more value. Bangko Sentral ng Pilipinas (BSP) Cebu Regional Director lawyer Leonides Sumbi shows pieces of the old banknote series, which are due for demonetization by the end of this year. The BSP said the demonetization safeguards the integrity of Philippine banknotes against count...

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