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 Pilipinas [...]
October 12, 2009
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, Employment, Loans, Philippine banks, Philippine business news, Philippines, banking, finance, investments, money 
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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 more employment [...]
August 9, 2009
Tags: business loans, interest rates, lowered loands, pension fund, Philipppines, SSS Posted in: Law, Philippine business news, Philippines, finance, money No Comments
