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Mar 25 2021 Financial digital app provides OFWs chance to triple savings
While there are many OFWs who are going back to their overseas assignment, there are still a lot of them who were affected by the coronavirus pandemic for losing their jobs.
With the commitment of the Rizal Commercial Banking Corporation (RCBC) to support the efforts of the Bangko Sentral ng Pilipinas (BSP) in promoting financial inclusion…
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Mar 25 2021 Bill increasing depositor insurance gets House OK
THE House of Representatives on Thursday approved on third and final reading a measure empowering the state-run Philippine Deposit Insurance Corp. (PDIC) to increase the maximum deposit insurance coverage (MDIC).
Voting 185-6-1, lawmakers approved House Bill (HB) 8818 grants the PDIC the power to increase the MDIC to amount indexed to inflation or other economic indicators,…
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Mar 25 2021 Cebuana Lhuillier’s rural bank records increase in savings account openings
CEBUANA LHUILLIER Rural Bank, Inc. saw its Micro Savings accountholders jump to more than five million Filipinos since its launch in 2019 after it added features for digital transactions.
The banking arm of microfinancial services giant Cebuana Lhuillier said more clients applied for its Micro Savings account in December last year after features such as cashless…