The transaction is estimated to reduce UOB's CET1 ratio by 70 basis points to 12.8 percent, which is considered not material and "well within regulatory requirements".
January 17, 2022Digital banks and unit investment trust funds can also participate in the secondary market for central bank securities.
December 1, 2021The seventh and final digital bank is likely to be an existing bank applying to convert into a digital bank, but approval has been delayed.
September 21, 2021The application window for the submission of applications from new digital banks, including converting banks, will close on 31 August 2021.
August 20, 2021UnionBank is the latest to receive the licence after Landbank's Overseas Filipino Bank, Tonik Bank, and UNOBank.
July 31, 2021Tencent-backed Voyager Innovations, Philippine National Bank, RCBC, South Africa's TymeBank, UnionBank, and EastWest Bank are among the applicants.
July 2, 2021Banks that do not meet specified conditions are prohibited from marketing themselves as digital banks, the BSP said in a circular.
June 18, 2021A dual tranche issuance totalling PHP 9 billion was mirrored on a bond tokenisation platform co-created by UnionBank and SC Ventures.
December 11, 2020What are some of the challenges FIs face amid the growth of AI and machine learning with regards to privacy and ethics, and how can these be addressed?
October 16, 2020