PSBank Offers 5.6% p.a. Peso Fixed Rate Bond

Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, is raising at least Php 3 Billion in Peso Fixed Rate Bonds from July 1 to 17, 2019. The 2-year bond is priced at 5.6% per annum with interest payments made every quarter and full principal paid out at maturity in 2021. “We…

PSBank | 6 Reasons Why It Is Wise To Open A Bank Account

The Bangko Sentral ng Pilipinas (BSP) recently released the “State of Financial Inclusion in the Philippines” report which revealed that the number of deposit accounts in the country has increased by 6.8 percent to 57.1 million in 2017 from 53.5 million in 2016. The report also noted that the BSP’s effort to grow banking offices…

EastWest Bank And Ageas Steadily Build Local Insurtech Troo

EastWest Bank and Ageas celebrate the 4th anniversary of their joint venture in the Philippines. This partnership operates under the brand name Troo. Troo offers life insurance to customers of EastWest Bank and Filinvest Group. “From the start, Troo has been embracing the latest technology and digital solutions as a core of its daily business,”…