Banks tell clients to expect sporadic shutdown of branches

Doris Dumlao-Abadilla, Ronnel Domingo 01/09/2022

The banking community has asked the public to brace for the sporadic shutdown of some branches and shortened operating hours as a new COVID-19 surge sweeps the country. “In light of the current situation, our member banks…

Capitol vows to help banks source fuel to address queues

Morexette Marie B. Erram 12/22/2021

CEBU CITY, Philippines – The Cebu Provincial Government has offered to help banks here in addressing the long queues of people trying to withdraw cash from their accounts. The Capitol on Tuesday, December 21, 2021, has extended…

Capitol to meet with banks to address long queues in ATMs

Morexette Marie B. Erram 12/21/2021

CEBU CITY, Philippines – Cebu Governor Gwendolyn Garcia is expected to meet with executives from the country’s top banking firms to address long queues in automated teller machines (ATMs). “I will be calling a meeting with the…

3 days after #OdettePH: Long queues still seen near banks, gas stations, grocery stores

Doris C. Bongcac 12/19/2021

CEBU CITY, Philippines — Cebuanos continue to crowd grocery stores, gasoline stations and automated teller machines (ATMs) on Sunday, December 19. As early as 6 a.m., people were already crowding an ATM located along A.C. Cortes Avenue…

CCPO official: More cops to be deployed near banks, ATMs this Holiday season

Pegeen Maisie M. Sararaña 12/14/2021

CEBU CITY, Philippines — There will be more police presence in financial institutions such as banks to deter criminals from taking advantage of the public, withdrawing cash in these institutions to spend for the holidays. Police Lieutenant…

Bank warns public vs fund transfer scams

Doris Dumlao-Abadilla 09/29/2021

As cybercriminals become more adept at phishing, or stealing credentials to access bank accounts, bank clients are urged to guard against new fund transfer scams. In support of Bank Marketing Association of the Philippines’ (BMAP) #FightFraudTogether information…

Ahong extends face shield policy to another week

Futch Anthony Inso 03/18/2021

CEBU CITY, Philippines – The Lapu-Lapu City Government has extended to another week the implementation of the mandatory wearing of a face shield for Oponganons who will go out of their residences. The said policy was supposed…

Cebu business sector willing to police self to help reduce COVID cases

Delta Dyrecka Letigio 02/25/2021

CEBU CITY, Philippines — The Cebu business sector is willing to police themselves in order to help reduce the Coronavirus Disease 2019 (COVID-19) cases in the city. This they promised during the Cebu Citizens’ Initiative forum on…

BSP: No interest on loans during ECQ, MECQ period

Daxim L. Lucas 05/22/2020

The Bangko Sentral ng Pilipinas (BSP) on Thursday reminded lending institutions that they are prohibited from charging interest on interest, fees and charges—such as late payment fees—on all loan payments falling due within the ongoing quarantine period.…

SEC probes financing, lending companies for alleged non-compliance of 30-day grace period for loans

Irene R. Sino Cruz 04/20/2020

  CEBU CITY, Philippines—Some financing companies (FCs) and lending companies (LCs) are now facing investigation from the Securities and Exchange Commission (SEC) for allegedly refusing to comply with the mandatory grace period on loan payments that fall…

Banks warn public vs online scammers

Doris Dumlao-Abadilla 04/17/2020

As more people switch to online banking channels during the COVID-19 pandemic-induced lockdown of key cities, cyberspace has become a fertile ground for scammers who are becoming more and more sophisticated in stealing credentials and hard-earned money.…

Utilities, banks, city government to give reprieve on payments

Delta Dyrecka Letigios 03/18/2020

CEBU CITY, Philippines — Utility companies, banks, and the city government will be giving deadline extensions to the public for the payment of bills, loans, and taxes. Mayor Edgardo Labella revealed that the Metropolitan Cebu Water District…

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