Philippine National Bank reported a 50 percent drop in net income to P11.1 billion in the first half of 2022 from the P22.1 billion posted in the same period last year which had included a substantial non-recurrring gain. In a disclosure to the Philippine Stock Exchange, the bank said it recognized...
State-owned Land Bank of the Philippines remained the largest lender to the agriculture sector, the Department of Finance (DOF) announced. In a statement on Friday, Aug. 12, Finance Secretary Benjamin E. Diokno said that Landbank, the country’s second largest bank in terms of assets, has a total...
CAMP GEN. VICENTE LIM, Calamba City, Laguna – Two Nigerians and their Filipina cohort were arrested for alleged involvement in bank fraud in Barangay Nueva, San Pedro City, Laguna, Wednesday, August 10. The Police Regional Office 4-A identified the suspects as Samuel Nomso Esomchi, 42, of...
The World Bank is eager on supporting the government’s bid to digitalize services and modernize the bureaucracy, the Department of Finance (DOF) said. In a statement Thursday, Aug. 11, Finance Secretary Benjamin E. Diokno said the Washington-based multilateral institution was willing to extend...
SAN PEDRO CITY, Laguna – Authorities arrested three suspects who are allegedly involved in bank fraud on Wednesday, Aug. 10. The San Pedro City Police Station (CPS) identified the suspects as Gladys Rias Francisco and Nigerian nationals Samuel Nomso Esomchi and Taye John Bamidele. (SAN PEDRO...
The façade of Security Bank’s head office in Ayala Avenue features an installation titled Perfect Harmony—a modernized yin and yang depiction of synergy and collaboration Security Bank Corporation (PSE: SECB), one of the Philippines’ leading universal banks, has been serving retail,...
The Asian Development Bank (ADB) would focus its support to the Philippines on climate action, climate smart transport and communication, and investing in Filipinos’ welfare for the next six-year, the Department of Finance (DOF) said. In a statement on Wednesday, Aug. 10, Finance Secretary...
PayMaya and Maya Bank officers, led by PayMaya Philippines Group President and Maya Co-Founder, Shailesh Baidwan (10 th from the left); PayMaya Philippines COO, Khurram Malik (11 th from the left); and Maya Business Head, Mar Lazaro (9 th from the left); recognized key partners that have championed...
Irked by exorbitant bank transfer fees amid the prevailing high inflation, Albay 2nd district Rep. Joey Salceda has urged the Bangko Sentral ng Pilipinas (BSP) to issue regulations that would put a cap on bank charges. Albay Rep. Joey Salceda (Photo from Salceda’s office) Salceda, chairman of the...
Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, more than doubled its net income to P1.84 billion in the first half of 2022 from the P0.88 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said “The rise in...
From left: PayMaya Philippines Group President and Maya Co-Founder, Shailesh Baidwan; DTI Assistant Secretary, Mary Jean Pacheco; BSP Deputy Governor, Bernadette Romulo-Puyat; BSP Deputy Governor, Chuchi Fonacier; PayMaya Founder-CEO and Maya Bank Co-Founder, Orlando B. Vea; BSP Governor, Felipe...
Metropolitan Bank & Trust Company (Metrobank) reported that its net income surged 95 percent to P7.6 billion in the second quarter of the year, boosting first half earnings by 33 percent to P15.6 billion year-on-year. In a disclosure to the Philippine Stock Exchange, the bank said it almost...
