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UNIONBANK of the Philippines raised P3 billion from its long-term negotiable certificates of deposit (LTNCD), which it wants to use to improve its maturity profile and help expand its business. (12-0)
ROBINSONS BANK Corp. is allotting P730 million for capital expenditures (capex) this year to fund its digital initiatives, branch expansion and cybersecurity measures. (6-0)
MANILA, Philippines — The stock barometer on Friday made another last-minute dash to close at a new all-time high, breaching the 9,000 level for the first time ahead of window dressing next week. (13-0)
EAST WEST Banking Corp. (EastWest Bank) is looking to raise up to P15 billion by selling peso-denominated long-term negotiable certificates of deposit (LTNCD).
SIX ASIAN BANKS are in talks with the Bangko Sentral ng Pilipinas (BSP) to venture into the local market, a senior official said, signalling mounting interest towards the Philippines as it continues to enjoy robust growth. (1-0)
MANILA, Philippines — State-run Power Sector Assets and Liabilities Management Corp. (PSALM) has issued a notice of default to the power unit of the Gotianun-led Filinvest Group in relation to its independent power producer administrator (IPPA) contract. (6-0)
JUST IN TIME for the holidays, Filipinos working overseas will be sending their hard-earned money back home to their families. Given a “weaker” peso at this time, overseas Filipino workers (OFWs) would be able to convert more pesos for every dollar value that are sent home. (5-0)
ANOTHER South Korean bank is looking to enter the Philippine market, joining a list of other foreign lenders wanting to cash in on the robust economic growth story and a booming consumer base.
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)
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.
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.
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.
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.
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.
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.