Private sector economists are split over whether the Bangko Sentral ng Pilipinas (BSP) will raise interest rates this week, as the need to anchor inflation expectations and defend the peso battles concerns over the fragile economic recovery. Of 10 economists surveyed, five expect a 25-basis-point...
Moody’s Ratings affirmed the long-term deposit ratings of three major Philippine lenders, shifting its outlook on Security Bank Corp. to stable as capital pressures ease following the sharp slowdown in credit expansion. The global debt watcher kept the "Baa2" ratings—consistent with the...
The Securities and Exchange Commission (SEC) has cleared a plan by PNB Holdings Corp., the real estate arm of Philippine National Bank, to list its shares on the local bourse by way of introduction, paving the way for the lender to unlock value from its prime property portfolio. The Commission En...
LT Group Inc. reported a seven-percent improvement in consolidated attributable net income to a record ₱30.98 billion in 2025, its fourth straight banner year, from ₱28.92 billion in 2024 due to stronger earnings from its banking, tobacco, and liquor businesses. The firm disclosed to the...
The Philippine National Bank (PNB) posted record consolidated net income of ₱25.3 billion last year, a 20 percent increase from the ₱21.2 billion reported a year earlier amid aggressive loan expansion and improved cost efficiencies. In a disclosure to the Philippine Stock Exchange, the lender...
PNB Holdings Corp., the real estate arm of billionaire Lucio Tan’s Philippine National Ban (PNB), has formally applied to list its shares on the Philippine Stock Exchange (PSE), moving to monetize a massive property portfolio after years of preparation. In a regulatory filing on Friday, Dec. 26,...
The Lucio Tan Group’s (LTG) lender, Philippine National Bank (PNB), has entered into a strategic partnership with Discovery Capital Finance Corp. (DCFC) through the signing of a loan facility agreement to boost financial support for small and medium enterprises (SMEs). The new loan facility...
Philippine National Bank (PNB), the banking arm of the Lucio Tan Group, has successfully raised ₱15.7 billion from its return to the domestic debt capital market, its first since 2019. In a disclosure to the Philippine Stock Exchange, the lender said the amount was raised via a dual-tranche,...
LT Group Inc. (LTG), taipan Lucio Tan’s holding company for Philippine investments, reported a 15-percent growth in attributable net income to a record-high ₱22.57 billion for the first nine months of 2025, as almost all subsidiaries posted higher profits. In a disclosure to the Philippine...
The Lucio Tan Group’s lending arm, the Philippine National Bank, is undertaking reorganization in a bid to streamline its operations following the appointment of its new president, Edwin R. Bautista. In a disclosure to the Philippine Stock Exchange, the bank stated that its Board of Directors has...
Allianz PNB Life, Inc., the local life insurance arm of Germany-based financial services giant Allianz, posted a double-digit increase in gross premium income to ₱19 billion in the first half of 2025 on the back of high single-premium insurance (SP) sales and an increase in earnings from renewal...
Changing affiliations, more popularly known as “rigodon,” is a common occurrence in both banking and journalism. This traditional formal dance, also called the “Rigodon de Honor,” evolved from dances brought to the Pacific Islands by Spanish settlers in the 16th century. Research shows that...
