The Central Bank of the Philippines has announced that it will stop accepting applications to establish digital banks starting 1 December 2025, following Monetary Board approval to close the current application window. Digital bank applications received up to 30 November 2025 will be processed on a first-come, first-served basis and assessed for completeness and sufficiency of documentation and compliance with the licensing criteria and the central bank’s documentary and chartering pre-qualification requirements. Applications submitted by 30 November 2025 that are found deficient will be returned and treated as closed, and no new or returned applications will be accepted or processed after that date. The central bank also plans a thorough, parallel assessment of all digital bank applicants.
Central Bank of the Philippines 2025-09-25
Central Bank of the Philippines will close the digital bank licensing application window from 1 December 2025
The Central Bank of the Philippines will cease accepting digital bank applications from 1 December 2025, following Monetary Board approval. Applications submitted by 30 November 2025 will be processed based on completeness and compliance, with deficient applications returned and treated as closed. No new or returned applications will be accepted after this deadline.