When sending wire transfer or remittances to BDO, BPI, Metrobank, Landbank, DBP, or any other Philippine bank, you’ll need the SWIFT Code (also called BIC) which you can find in this list! Make sure you’re using the right bank code because if you provide the
Export and Industry Bank, more popularly known as ExportBank, is now closed and has been put by the Bangko Sentral ng Pilipinas (BSP) under receivership effective today, April 27, 2012. Yesterday, April 26, ExportBank informed the BSP that it is insolvent and might be unable
Another one bites the dust. LBC Development Bank, commonly known as LBC Bank to depositors, has been ordered closed by the Bangko Sentral ng Pilipinas (BSP) starting September 9. The Philippine Deposit Insurance Corp (PDIC) announced it is taking over the assets and liabilities of
How many times have you been irked by cashiers saying they don’t have barya and “Para masuklian kita nang buo, Sir, penge na lang ng singkwenta sentimos”? That scene is almost always annoying but, apparently, this only confirms that the Philippines is currently suffering from
UPDATED: Check out the latest Peso-Dollar Exchange rate and other currency exchange rates here: Peso Exchange Rate vs. USD, AED, HKD, SGD, KWD, QAR, SAR, GBP, EURO, JPY Is the Peso going to appreciate or depreciate in value compared to the US Dollar? That question is surely
Anyone interested to buy the Philippine Bank of Communications (PBCom)? PBCom, a minor player in the Philippine banking industry, is again up for rebidding with the Macquarie Group already sending out invitations to other banks to submit a bid proposal. The sale is part of
It’s official: Banco Filipino is closed and is now under the receivership of the Philippine Deposit Insurance Corporation (PDIC). On March 18, the PDIC announced it is taking over Banco Filipino and initial steps to start the processing of claims are now under way.
A few weeks ago, I issued a post-dated check (PDC) but forgot to fund it prior to deposit date. My bank, the Bank of the Philippine Islands (BPI), called me up to follow up. I then immediately made the fund transfer and the check was