The central bank is reviewing institutions that have yet to comply with its lower transfer fee policy as it pushes for more affordable digital payments and wider financial inclusion.
The bank set aside ₱13.3 billion to cover loans it expects may not be repaid, citing a weaker macroeconomic outlook.
Thrift banks, with ₱1.4 trillion in assets, are well-positioned to serve more borrowers as demand for consumer lending continues to rise.
Central bank says account signups also increased as more Filipinos opened bank accounts through digital.
Fresh funding will support small businesses, clean energy, and other sustainable projects across the Philippines.
The bank ended the offer period just a day after launch as strong interest from retail and institutional investors drove demand for its latest ASEAN Sustainability Bonds.
The funding adds to Atome’s expansion efforts as traditional banks increasingly back fintech firms offering flexible financing options.
Outstanding bank loans climbed 12.1% in May, while money supply recorded its fastest growth since August 2020.
BDO and PSBank begin offering free InstaPay and PESONet transfers on July 9, while Security Bank follows on July 10, joining a growing list of banks waiving interbank transfer fees.
The move removes InstaPay and PESONet fees for millions of users and raises questions on how banks will price digital transactions moving forward.
