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More holding firms turn in positive results

2017-11-10 bworldonline
FIVE MORE conglomerates reported favorable results on Friday, firming a generally positive picture of listed holding companies in the third quarter and the nine months to September. (52-0)

EastWest Bank net income grows at end-September

2017-11-09 bworldonline
EAST WEST Banking Corp. (EastWest Bank) saw a steep increase in its net income in the first nine months of the year, driven by growth across all its businesses.

East West Bank books 54% higher income

2017-05-12 philstar
MANILA, Philippines -  East West Banking Corp., the banking arm of the Gotianun Family, reported a 54 percent increase in net income in the first quarter, driven by robust lending business.

New BSP chief to be named soon

YOKOHAMA, JAPAN—“In the next few days,” the new central bank chief who will succeed outgoing Bangko Sentral ng Pilipinas Governor Amando M. Tetangco Jr. will be made public, the head of the Duterte administration’s economic team said Thursday.

Economist, investment banker eyed as new Monetary Board members

2017-05-03 philstar
MANILA, Philippines - An economist and an investment banker are top candidates to the central bank’s Monetary Board as the search for the new governor of the Bangko Sentral ng Pilipinas (BSP) continues to heat up.

EastWest Bank eyes stock rights offering

2017-05-01 philstar
MANILA, Philippines - East West Banking Corp., the listed banking arm of the Gotianun family is looking to conduct a stock rights offering in line with raising capital to further grow the company.

Retail banking income of Asia to grow 10% over 4 years

2017-04-24 philstar
MANILA, Philippines - The Asian Banker said Philippine banks would still have the second fastest growing earnings from retail banking amid the complex and constantly evolving operating environment.

EastWest targets 20% jump in 2017 profit

2017-04-23 philstar
MANILA, Philippines -  East West Banking Corp. is aiming for a net income growth of at least 20 percent this year, a top-ranking official said.

StanChart hikes Philippines growth forecast

2017-04-22 philstar
MANILA, Philippines - British banking giant Standard Chartered Bank has upgraded its economic growth forecast for the Philippines this year as the country’s domestic engine continues to fire on all cylinders.

Clients get more time to shift to EMV-ready cards

2017-04-17 philstar
MANILA, Philippines - Banks are giving their clients more time to swap their old magnetic stripe ATM cards to cards equipped with the Europay-Mastercard-Visa (EMV) technology.

Staying the course, Duterte looks for the next best Philippine chief

2017-04-12 reuters
MANILA Whoever is picked as the next Philippine central bank governor, it will be President Rodrigo Duterte's second choice.

Banks get BSP ultimatum on mandatory shift to EMV

2017-04-10 philstar
MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) has given an ultimatum to banks to fully comply with the mandatory Europay-Mastercard-Visa (EMV) technology to address the interoperability issues being experienced by clients.

Interoperability issues hamper shift to EMV

2017-04-03 philstar
MANILA, Philippines - Interoperability issues continued to hamper the ongoing shift to the mandatory Europay-Mastercard-Visa (EMV) technology despite the reminder issued by the Bangko Sentral ng Pilipinas (BSP) to banks to ensure smooth transition.

Duterte expected to name next BSP chief in May

2017-04-03 philstar
CEBU CITY, Philippines — President Rodrigo Duterte may name the next governor of the Bangko Sentral ng Pilipinas (BSP) next month, outgoing BSP chief Amando Tetangco Jr. said on Monday.

Next BSP head need not be an insider – Moncupa

2017-03-21 philstar
Banker Antonio Moncupa Jr., president and CEO of East West Banking Corp., said the next BSP governor should have the integrity, competencies as well as the support of political leaders as well as the economic team of the Duterte administration. File photo