Banking

The BSP prohibited the Rural Bank of Polomolok (South Cotabato) from doing business in the Philippines through MB Res. No. 985-A dated July 14, 2022, which also directed the PDIC, as Receiver, to proceed with the takeover and liquidation of the bank. PDIC took over the bank on July 18, 2022. Note: PDIC reminds borrowers … Read more

Where to report abusive lenders in the Philippines? Borrowers who wish to file a complaint against registered FCs/LCs may visit the Complaints tab on the Lending Companies and Financing Companies corner of the SEC website. The public may file complaints against individuals/companies engaged in lending activities without a license to the SEC Enforcement and Investor … Read more

Benjamin Diokno named as next Finance Secretary Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno has accepted the invitation of President-elect Ferdinand Marcos Jr. to serve as Finance Secretary of the incoming administration. “As Finance Secretary, I will strive to continue prudently and carefully balancing the need to support economic growth, on one hand, … Read more

Felipe Medalla named incoming BSP Governor The officers and staff of the Bangko Sentral ng Pilipinas (BSP) welcome the invitation of President-elect Ferdinand Marcos, Jr. for Monetary Board Member Felipe M. Medalla to serve as the new Governor of the BSP and Chairman of the Monetary Board (MB). The incoming Governor will take the helm … Read more

Landbank Free Cash Withdrawal Starting 23 May 2022, you can finally enjoy free cash withdrawal and balance inquiry at 7-Eleven ATMs near you using the following cards: LANDBANK Cash Card LANDBANK regular ATM Card LANDBANK Visa Debit Card Transact at more than 1,500 ATMs in select 7-Eleven stores! You may want to read: Landbank iAccess … Read more