The number of credit cards in use in the Philippines rose to 6.5 million as of February this year, prompting Bangko Sentral to respond to growing complaints against abuses in the use of these cards.
“Credit card base is now 6.5 million. Out of the total, we received 2,400 complaints or just 0.01 percent of the total base,” Johnny Noe Ravalo, managing director of Bangko Sentral, told reporters in a news briefing Friday.
He said the number of credit cards had risen from just 4 million two years ago.
There were 4.5 million to 4.6 million credit card users in the country, with a number of them holding multiple cards, Ravalo said.
Data showed that as of September 2010, credit card receivables reached P133.9 billion, up 2.9 percent year-on-year. Credit card loans represented 4.8 percent of the total consumer loans.
Complaints against unfair credit card collection agencies topped the list received by the financial consumer affairs group of Bangko Sentral, which was created in 2006. –Roderick T. dela Cruz, Manila Standard Today
March –
IT’S WOMEN’S MONTH!
“Respect and support women
every day of the year/s!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
#Report Corruption #SearchPosts #TakePicturesVideos
Monthly Observances:
Women’s Role in History Month
Weekly Observances:
Week 1: Environmental Week;
Women’s Week
Week 3: Philippine Industry and “
Made-in-the-Philippines Products Week
Last Week: Protection and Gender-Fair Treatment
of the Girl Child Week
Daily Observances:
March 8: Women’s Rights and
International Peace Day;
National Women’s Day
March 4: Employee Appreciation Day
March 15: World Consumer Rights Day
March 18: Global Recycling Day
March 21: International Day for the Elimination
of Racial Discrimination
March 23: International Day for the Right to the Truth
Concerning Gross Human Rights Violations
and for the Dignity of Victims
March 25: International Day of Remembrance of the
Victims of Slavery and the Transatlantic Slave Trade
March 27: Earth Hour
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