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Headline News

RCBC Savings posts double-digit income growth

2018-03-09 bworldonline
THE SAVINGS ARM of the Rizal Commercial Banking Corp. (RCBC) booked a double-digit income growth in 2017 on the back of the continued expansion of its loan businesses. (5-0)

PSBank books higher earnings

2018-02-26 bworldonline
PHILIPPINE Savings Bank (PSBank) saw its net income climb in 2017 on the back of the strong performance of its core revenues. (1-0)

PSBank nets P2.7B

Metrobank group’s thrift banking arm Philippine Savings Bank (PSBank) grew its net profit last year by 8.3 percent to P2.7 billion on a double-digit increase in earnings from lending and fee-based businesses. (6-0)

Consumer loan rates steady in face of looming central bank tightening

2017-12-13 bworldonline
HOMEBUYERS with jumbo mortgages have less to fear about the end of ultra-low borrowing costs, while consumers contemplating personal loans or car financing have time to lock in affordable fixed-rate deals, bankers said. (1-0)

Metrobank vows compliance to BSP sanctions, assures clients

2017-11-28 philstar
MANILA, Philippines — Metropolitan Bank and Trust Co. said it is ready to comply with sanctions imposed by the Bangko Sentral ng Pilipinas (BSP) over a P1.75 billion internal fraud allegedly perpetuated by a former executive. (1-0)

Bond exchange sees banner year

2017-11-25 philstar
MANILA, Philippines — The Philippine Dealing and Exchange Corp. (PDEx), the country’s trading platform for fixed income securities, said it expects 2017 to be another banner year as more companies raise funds through the bond market. (9-0)

Corona family appeals subpoena on bank records

The family of late Chief Justice Renato Corona has appealed the Sandiganbayan’s ruling allowing the Office of the Ombudsman to scrutinize their bank accounts in connection with their P130.59-million forfeiture case. (5-0)

Banks open during ASEAN meet

2017-11-10 philstar
MANILA, Philippines — It’s business as usual for Philippine banks during the non-working holidays next week as the country hosts the 31st Association of Southeast Asian Nations (ASEAN) Summit. (11-0)

PSBank obtains top issuer rating

2017-10-21 philstar
MANILA, Philippines — Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, obtained an issuer rating of PRS Aaa (corp.) from local credit watchdog Philippine Rating Services Corp. (1-0)

PSBank relocates two branches

Philippine Savings Bank (PSB), the thrift bank arm of the Metrobank Group, has relocated two of its branches to reach more clients.

GT Capital ventures into microfinancing

2017-08-09 philstar
MANILA, Philippines - GT Capital Holdings Inc. is dipping its hands into the microfinance sector after spending about P380 million to acquire a 20 percent stake in a financing firm partly owned by its thrift bank arm.

GT Capital buys 20% stake in motor lending firm

Ty family-led conglomerate GT Capital Holdings Inc. bought a 20 percent stake in motorcycle lending firm Sumisho Motor Finance Corp. from thrift bank arm Philippine Savings Bank and its retirement fund.

PSBank H1 profit up

Philippine Savings Bank, the Metrobank group’s thrift bank arm, posted a 2-percent growth in first semester net profit to P1.18 billion on the back of higher earnings from core lending.

PSBank bottom line up 1.7%

2017-08-08 philstar
MANILA, Philippines - The net income of Philippine Savings Bank (PSBank) climbed 1.7 percent as it continues to strengthen its retail business without increasing its brick and mortar branch network.

PSBank nets P1.18B

The Metrobank group’s thrift bank arm Philippine Savings Bank posted a 2-percent growth in first semester net profit to P1.18 billion on the back of higher earnings from core lending.