The Philippines has taken the biggest steps among the Asean members toward banking-sector liberalization, which provides opportunities for further consolidation in the industry, Fitch Ratings and affiliate BMI Research said.
In a commentary released Tuesday, Fitch Ratings said member countries of the READ MORE
MANILA, Philippines - Most Philippine households or 86 percent don’t have bank accounts due to various reasons, including not having enough money to deposit and lack of trust in banks, a survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed.
The figure indicated only two of every 10 households deposited READ MORE
An estimated 2 billion working-age adults – more than half of the world’s total adult population – do not have an account at a formal financial institution. Financial inclusion efforts seek to ensure that all households and businesses, regardless of income level, have access to and can effectively use the appropriate READ MORE
HSBC predicted that in 2050, Philippines will be the largest economy in South East Asia, 5th largest in Asia and 16th largest in the world. Despite being projected as a fast growing economy, the country is riddled with many issues within its financial service industry. For instance, 69 percent of its adult READ MORE
No matter who tells it, the story of Kenya’s financial sector innovation over the past decade seems to always hinge around one key phrase: “test and learn.”
This phrase generally refers to the way in which financial service providers and regulators collaborated to allow for new products such READ MORE
This Banking With the Poor Network discussion of supporting micro, small and medium enterprises (MSMEs) centered on (1) building systems to boost institutions’ confidence in lending to the sector; and (2) the non-financial needs of MSMEs.
Gerald Sun, Vice President, Head of Sales for Commercial READ MORE