Tag: Banks
PDIC doubles banks’ deposit insurance cover to P1M
The Philippine Deposit Insurance Corporation (PDIC) said it will double the maximum insurance coverage for bank deposits from P500,000 to P1 million per depositor...
Indonesia CB says liquidity measure to support govt
JAKARTA- Indonesia’s central bank said it will increase to 80 trillion rupiah ($4.9 billion) the amount of liquidity freed up by reducing reserve requirements...
BSP SURVEY SHOWS: Banks maintain credit standards in Q4
Results of the Q4 2024 Senior Bank Loan Officers’ Survey (SLOS) showed that most banks kept their lending standards generally steady for loans to...
Meralco to tap P75B credit facility from 3 banks
The Manila Electric Co. (Meralco) said it will draw from its P75 billion credit facility from three major banks to finance investments and other...
SC: Banks can’t refuse payment from borrowers who will face additional charges as a result
The Supreme Court has ruled that banks are not permitted to unreasonably refuse payment by borrowers who risk facing additional charges and higher interest.
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