Showing posts with label finance. Show all posts
Showing posts with label finance. Show all posts

Tuesday, July 19, 2022

Cebuana Lhuillier Bank opens first branch in Cebu

 

Bank’s roster of products expected to empower the region’s small and medium enterprises

EMPOWERING MSMEs IN VISAYAS. Cebuana Lhuillier Bank opened its first branch in the Visayas region, setting another expansion milestone pioneering Cebu City. Present in the photo are (from left to right) Dennis Valdes, Cebuana Lhuillier Bank President; Mrs. Edna D. Lhuillier, wife of Ambassador Lhuillier; Amb. Philippe Jones Lhuillier, Chairman and Founder of PJ Lhuillier Inc.; Mrs. Camille Lhuillier-Albani, Mr. Andrea Albani, and Jimmy Ang, Cebuana Lhuillier Bank Vice President



Cebuana Lhuillier Bank (CLB), one of the country’s fastest growing rural banks, has set its sights for further expansion in the Visayas region, beginning with the opening of its first branch in Cebu City. 


The move is in line with the bank’s mission of providing financial inclusion to every Filipino, especially to clients from the countryside. CLB, in particular, is reaching out to mom-and-pop businesses and to micro, small, and medium enterprises (MSMEs) whose operations definitely needed a boost following the challenges brought to the economy these past two years.  


“MSMEs have always been the backbone of our economy, with 99% of total businesses in the Philippines considered falling under this sector. They are also a major source of employment, and also a major contributor in our total export revenues. However, in spite their huge contributions to the economy, MSMEs often lack financial resources that will help in their growth and development,” Cebuana Lhuillier Bank president Dennis Valdes said. “True to the mission of becoming a partner for progress, CLB’s first-ever branch here in Central Visayas is open to all, especially to the more than 65,000 MSMEs looking to further grow their business.” 


Located within the business center of the city, CLB’s newest branch can be found in Acacia St., Brgy. Kamputhaw, Cebu City. The bank offers a wide variety of business loan products primarily aimed to provide financial assistance to MSME business owners for their working capital, business expansion, and investment. Depending on the business size and profile of the clients, CLB offers loan products such as Microfinance Loans, SME loans, and Corporate Business Loans.


Jean Henri Lhuillier, President & CEO of PJ Lhuillier Group of Companies, the parent company of Cebuana Lhuillier and Cebuana Lhuillier Bank, enthuses, “As a conglomerate, PJ Lhuillier has always been guided by its mission of financial inclusion. We make sure that this is reflected in all the products we offer in our companies, and a vital part of how we extend our services to the millions of Filipinos who rely on us for their micro financial needs. Our banking arm, Cebuana Lhuillier Bank is guided by this vision—from their ground-breaking micro savings product which empowered close to 6M Filipinos to start saving for their future, to their expansion plans to Visayas and Mindanao which will allow them to serve more of our kababayans and MSMEs in rural communities.”


CLB currently offers housing loans and business loans in the province. With low interest rates, fast application process, and flexible loan payments, CLB aims to empower MSMEs and business owners. Qualified CLB clients can get a maximum loan amount of PHP300,000 for business loan. 


Aside from business loans, CLB also offers housing loans, and soon to be available in its Cebu branch, the Teachers Loan and Motorcycle Loan products.




Amb. Lhuillier welcoming the expansion of Cebuana Lhuillier Bank in Cebu


To date, CLB already has five (5) branches nationwide and is expected to reach Mindanao region before the year ends. As the banking arm of micro financial services giant Cebuana Lhuillier, CLB recently tapped the industry leader to serve as its cash agent, utilizing Cebuana Lhuillier’s more than 3,000 branches nationwide for its Micro Savings product. The wide network presence provided the bank and its clients greater accessibility; while also enjoying wider connectivity thanks to the mobility provided by eCebuana app, which enables  clients to conveniently access micro financial services such as Micro Savings, Money Remittance, Bills Payment, and E-load services among others.


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Friday, March 25, 2022

BPI makes sending money abroad more convenient with BPI Outward Remittance now on digital channels

Retail clients of Bank of the Philippine Islands (BPI) can now send money from their Peso or US Dollar account to a foreign bank account via BPI Online and BPI Mobile app with BPI Outward Remittance. The product was recently launched to complement bank transfers done in person, giving clients more convenient options to send money to family and friends abroad.



With BPI Outward Remittance, the Bank will enable more clients to fulfill international wire transfers in just a few taps for needs such as educational expenses, medical expenses, foreign travel funds, subscriptions, and insurance payments.

“We at BPI continue to innovate and reinvent our products and services to make everyday banking more convenient for our customers. With the BPI Outward Remittance being available in our digital channels, our customers will be able to enjoy fast and convenient international fund transfers anywhere, anytime,” said Reggie Cariaso, BPI Head of Corporate Banking Strategy, Products, and Support.

BPI Outward Remittance ensures secure fund transfers of up to $10,000 with SWIFT global payment innovations (SWIFT gpi), an advanced payment method using modern digital tools for traceable and swifter cross-border payments. Clients will simply need to fill in their sending details, receiving bank details, and beneficiary details via BPI Online or BPI Mobile app.


The product offers affordable overall charges and competitive foreign exchange rates in multiple currencies including USD, AUD, GBP, EUR, SGD, HKD, and CAD. It also provides a fast and reliable turnaround time of one to three banking days for transactions with no discrepancies.


For more information about BPI Outward Remittance, visit https://www.bpi.com.ph/bank/services/send-money-abroad.

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Wednesday, November 24, 2021

San Juan City’s BJMP showcased their craftsmanship in their Parol-Making Project, the chosen beneficiary of Sterling Bank of Asia (SBA)

Sterling Bank of Asia (SBA) CSR (Corporate Social Responsibility) program, “Kind Heart Gives Campaign” has chosen San Juan City’s Bureau of Jail Management and Penology (BJMP) as one their beneficiary for this year.


Persons Deprived of Liberty (PDL) of San Juan City’s BJMP showcased their craftsmanship in their parol-making project, which also serves as an opportunity for them to support themselves and their families financially. The “parol,” which is one of the most iconic symbols of Filipino Christmas, is a staple decoration in most houses.


“The parol is a great expression of the Filipinos’ faith and hope, We’d like to take this opportunity to extend our support to the PDL’s of San Juan City as we move towards a brighter Christmas celebration in these challenging times”— Cecilio San Pedro, SBA’s President, and CEO.




In photo (L-R): Raquel Bumbay, VP-Marketing; Arlene Siongco, VP-Compensation and Benefits, Ethel Peralta, VP-Management Support Services; JO2 Karl Julius C. Leano, BJMP representative; and Dan Guevara, VP-Center for Learning



During the announcement of the activity, Sterling Bank of Asia employees also ordered their own parols to bring home and hang in their homes. “It is inspiring to see how our fellow employees happily bought their own parols as a way of helping these persons deprived of liberty, from a company-led initiative, our fellow employees voluntarily involved themselves in the project,” said Dulce Edillor, SBA’s Human Resources Group Head.

To know more about Sterling Bank of Asia, visit http://www.sterlingbankasia.com.

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Wednesday, February 10, 2021

BDO Network Bank may treat para sa love month

Malapit na ang February 14, may ka-match ka ba? 

Kung ikaw ay may negosyo, may perfect match ang BDO Network Bank para sa iyo at sa business mo. Ngayong February, may libreng BDO Life insurance kapag nag-avail ng BDO Network Bank Kabuhayan Loan! 

Ang libreng insurance promo ay open sa lahat ng nag-avail ng Kabuhayan Loan mula February 1 – February 26, 2021, na may edad 18-69 years old. Puwedeng mag-loan mula Php30,000 hanggang Php1,000,000. 

Ang maganda rito, mapapalago mo na ang iyong negosyo, ma po-protektahan mo pa ang sarili mo, dahil may Free Accident Insurance coverage up to Php100,000 at hospitalization benefit of P500 per day! 

Para sa detalye, bumisita sa pinakamalapit na BDO Network Bank branch, o mag-send ng private message sa BDO Network Bank PH Facebook page. 

BDO NETWORK BANK MSME. Sobra ang pasasalamat ni Lulu Saquing sa BDO Network Bank Kabuhayan Loan dahil nakatulong ito para makabili sya ng van na ginawa niyang rolling store sa kanilang lugar sa Cagayan Valley.


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Wednesday, January 27, 2021

Digital Doc program: Send me your QR code

The next time you look to pay your doctor, you may want to ask for his or her QR code -- cashless transactions are safer for the patient and doctor alike.

Through our Digital Doc program, we enable doctors and medical professionals to enjoy the benefits of digital payments via QR code.

“We are thrilled to share the benefits of cashless transactions -- in enabling online health consultations and in keeping us all (doctors and patients alike) safe during these trying times,” said BPI Deputy Head of Marketing Mariana Zobel de Ayala. “In addition to keeping us safe from COVID-related health risks, the use of QR codes keep your bank accounts safer as well -- they are less prone to errors that often happen when keying in account numbers and transfer amounts.”

Patients can pay in seconds and for free -- by just scanning the QR code and inputting the payment amount. Doctors, in turn, are able to monitor their funds anytime, anywhere through BPI Online or BPI Mobile app.

“As BPI, we hope to be a partner for our healthcare professionals -- in enabling them with what is needed to adapt to the next normal, and more importantly, to keep them safe, ” she said.

To activate a QR code for free, doctors are invited to log in to BPI Online or BPI Mobile app and select “Other Services,” followed by “QR Generator.” From there, they simply select the account for which they wish to generate a QR code for, and can even add a nickname or label for their QR code -- so that it is easily recognizable for anyone they send to. They have the option to include an amount requested for payment -- but either way, by clicking “Save to Device” they can access it easily anytime -- and send it to their patients as they wish. Beyond the benefits of convenience, BPI’s digital banking platforms offer security features to ensure protection of your data and account information.




Visit the BPI website at https://www.bpi.com.ph/accept-payments-with-a-qr-code to know more about accepting payments via QR code.
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Saturday, September 22, 2018

How Stress Affects Your Wallet?

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Worry and anxiety are probably the most operative words usable as descriptive vocabularies of the term stress. Do you have fear or anxiety clouding in any sphere of your life? Do you have professional or job-related stress? Concerns about your retirement? Anxiety about whatever's in store for the coming year? Or concerns about your personal relationships with your friends, fiance, or family members? All these worries and anxieties have a significant impact on your wallet. Stress can either bolster your financial wellbeing, or it can elicit an adverse outcome on your financial well-being depends on the context of the dilemma.

Positive impacts of stress on your financial well-being

An anxious mind tends to think about the possible solutions to the looming predicaments. Ergo, when you are stressed with bills in your house, the brain develops a scheme that will provide cheaper alternatives that are cost-cutting, hence more savings. The survival instincts that kick in when worry occupies can be very effective reality checks to your expenditure.

Stress gives you the motivation to work harder and earn more money. When you are concerned about your life after retirement, or about how you will provide for your children sufficiently, you become driven and strive to generate more income so as to be financially stable later on in life.

Negative impacts of stress on your financial well-being

Stress has a negative impact on your physical and mental well-being; the two key components of human productivity and hence the ability to earn. The decreasing mental and physical health culminate to taking sick days off, lack of focus and hence reduced efficiency, quantity, and quality of output, therefore, hurting your income.

Psychological conditions attributed to stress require either therapeutic intervention, or pharmacologic management, or both treatments. Treatment of these mental conditions is costly and can irreparably eat into your wallet.

Anxiety and other symptoms of depression also affect your level of productivity and the ability to earn income. Depressive symptoms such as low self-esteem and poor grooming and hygiene reduce your confidence and interpersonal skills significantly leading to a reduction in your productivity and ability to achieve your full potential and earn income from the same.

Poor mental health impedes prudent decision making leading to impulsive expenditure and unsound financial management. These are detrimental to your overall financial being as they result in increased costs, missed opportunities for more income and wastage of dollars.

Stress can also lead to depressive tendencies, including self-deprecating behavior, especially overindulgence in addictive behaviors. Overindulgence entails high expenditure in unnecessary deeds, sometimes leading to addiction which attracts further costs.

Your concern over the prevailing conditions shows a lack of satisfaction hence the need for a better position or results. This stress emanates from the need to fit in, you may blow your hard earned money so as to appeal to a particular class and this can lead to accumulation of debts that are unhealthy. The desire to change the prevailing conditions can result in extravagant expenditures that are unsustainable at your level of income.

Chris Bouchard is a strategic consultant who works with non-profit leaders and social entrepreneurs to apply concepts and techniques to identify complex strategic issues, find practical solutions, and devise strategies to create and win a unique strategic position. He also offers project development, proposal writing, and project evaluation services.
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Wednesday, September 12, 2018

Make Home Improvement on Budget a Reality

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Home is where the heart is. Exceptional among different ways to deal with improving the idea of our life is to spruce up the home we live in. Though home upgrades can cost limitless totals, it doesn't generally require a fortune to enhance the insides of your home. You can do amazing changes in your space on a spending plan. 

Recognize Misses

First off, when you are on spending it is essential to distinguish the regions which require substitution or change in your home. For, the prime motivation behind the home change is to guarantee no pending repairs post the remodel. This would enable you to design the bearing of the whole home repair venture. Contingent upon the idea of undertakings you can settle on the financial plan, term and different components for home change. 


Apparatus up for change 

Presently you can prepare for the change you require. You should explore on the web and visit home style shops to get thoughts for the reason. You can spare a great deal of cash by DIY on your past, utilized or classical furniture, fittings, and cupboards. It is essential to look at the value contrasts offered by second-hand shops, classical shops, and online records. 

Knowing the costs encourages you to prepare for the consumption as well. You can likewise look at your credit constrain accessibly. Home changes can be one of the savvy approaches to upgrade the valuation of your home. You can likewise look at in the event that you are qualified for mortgage holder credits. Utilizing home value you can draw significant financing with no problems. 


Some helpful home remodel hacks on a spending plan 



The kitchen 


The kitchen is one place where the entire family meets different occasions in multi-day. An adjustment in the look of kitchen space can change the vibe of your whole home. You can consider changing the shading or bureau entryways for this. Bear in mind to visit thrift stores or reuse focuses to discover the shockingly modest arrangements. Go for differentiating shading and you would alter the presence of your home. Additionally, focus on kitchen lighting. On the off chance that you have to supplant any of the electronic or kitchen devices, pick vitality productive substitutions. It would spare you vitality bills and keep your home refreshed. 


Family room 


A redesign can't be finished without getting change the family room. For ease home change, consider re-trying the furniture situation. A basic move of the sofa from appropriate to the left can convey more than an anticipated adjustment to your home view. In the event that you have a middle divider, consider utilizing a splendid and one of a kind shading for that divider. At that point deck it up with picture workmanship, divider craftsmanship or an adorned stole skilled by your grandmother. The brilliant dividers can take the consideration from other little imperfections around. 


In the event that you require another love seat, think about utilizing the old edge and get it concealed in a contemporary style. This would carry the cutting edge look with minimum cost. 


Bed Rooms 


Changing bedroom furniture could be costly. You can think about changing the bedding, mat, draperies, pads and each other extra in your room. On the off chance that your side tables are antiquated, you can consider utilizing an appealing backdrop on the front of drawers. It would bring another look as well as stop the fatigue inferable from old furniture. 


Another snappy hack could be utilizing darker shading for the roof. Change in the shade of roof would get a novel look your own space. We observe a greater amount of the roofs in the bedrooms all things considered! 


Restroom 


Try not to neglect spillages and chipped paint as they are normal in the washroom territory. Change fixtures if there is any blame. Endeavor to arrange on the off chance that you have excessively numerous items in your restroom. 


In addition, essentially changing the mug, basin and floor covering can decorate your toilet. You can present an alluring canvas cover for the new feel. 

Front and Patio space 


For little condos, an extra sitting space can increase the value of the property. You can consider de-jumbling the lawn and fusing seat for 2 individuals in any event. You can add a lovely pad to a coordinator and make a seat. This extra would not cost more than £20 and breath life into the dull space in your home. 


Obviously, don't leave the broken stray pieces on window boards or side sections. Another shading for external dividers is an absolute necessity regardless of whether you have chosen to keep the internal dividers immaculate. 


On the off chance that your room dividers are as of now slick, pick one divider in each area and utilize your innovativeness to bring the coveted look. 
Hope these tips help when you start your next home change venture. 


In the event that you will revamp your home and searching for reserves then mortgage holder advances are the best choice for you. You can get more subtle elements at 786loans.uk. 


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