Globe puts up first mobile microfinance bank
Globe Telecommunications, Inc., together with sister company Ayala Corp., is all set to put up the Philippine’s first mobile microfinance banking unit. That is because the Banko Sentral ng Pilipinas approved the Globe and Ayala’s entry into the banking industry. The new bank, will be called “BPI Globe Banko, A Savings Bank” will be using [...]
October 12, 2009
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Tags: Ayala, Banks, BPI, BPI Globe Banko, BSP, Business, business loans, capitalization, entrepreneur, financing, funds sources, Globe, Loans, microfinancing, mobile financing, NGOs, Philippines, SMEs · Posted in: Announcement, banking, Employment, finance, investments, Loans, money, Philippine banks, Philippine business news, Philippines
Lower interest rates from SSS
Because of the downward trend in banks’ lending rates the Social Security System (SSS) has reduced its interest rates on its social and business loans. The lowered interest rates on loans by SSS is aimed to boost the agency’s lending facility, and took effect last July 1, 2009. “We lowered our interest rates to generate [...]
August 9, 2009
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Tags: business loans, interest rates, lowered loands, pension fund, Philipppines, SSS · Posted in: finance, Law, money, Philippine business news, Philippines
