Philippine Bank of Communications (PBCom), tycoon Lucio Co’s banking arm, has ended its P2 billion maiden Peso bond offering ahead of schedule, closing more than a week early due to robust investor demand. Initially set to run from October 14 to October 28, the offering attracted strong interest...
Incomes of Filipino farmers and fisherfolk have climbed, thanks to a World Bank-financed project of the Department of Agriculture (DA). In an Oct. 16 implementation status and results report, the Washington-based multilateral lender said the DA's Rural Development Project has so far jacked up the...
Asia United Bank (AUB) reported a 41 percent jump in consolidated net income to a record P8.6 billion in the first nine months of the year from P6.1 billion in the same period of 2023 due to higher revenues and lower loan loss provisions. In a disclosure to the Philippine Stock Exchange, the bank...
Philippine National Bank (PNB) has successfully returned to the international debt markets and raised $300 million through a benchmark-sized Sustainability Regulation S offering of 5-year senior notes under its $2 billion Euro Medium Term Note programme. In a disclosure to the Philippine Stock...
Zobel-led Bank of the Philippine Islands reported a 24.3 percent growth in net income to a record P48 billion in the first nine months of 2024 from P38.6 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said earnings growth was driven by robust...
Despite delays due to budget cuts, the World Bank has lauded the implementation of its one-decade-old financing for a local community poverty-reduction program of the Department of Social Welfare and Development (DSWD). Referring to its loans for the DSWD's National Community-Driven Development...
As natural disasters displace Filipinos the most compared to their neighbors in the region, multilateral lenders enjoin quick aid and response to calamity victims to prevent them from sliding into poverty. "The Philippines is, by far, the country most affected in Southeast Asia, with nearly 43...
Lucio Co-led Philippine Bank of Communications (PBCOM) has launched its maiden peso bond (Series A bonds) public offering with an initial size of P2 billion with an option to upsize. In a disclosure to the Philippine Stock Exchange, the bank said its Series A Bonds, to be issued under PBCOM’s P15...
As interest rates drop and investors take a closer look at "risky" long-term assets, the wealth management arm of Ayala-led Bank of the Philippine Islands (BPI) anticipates more client investments to achieve 20-percent assets under management (AUM) growth for 2024. BPI Wealth president and chief...
Bigger banks are expected to snap up UCPB Savings Bank which the state-run Land Bank of the Philippines (Landbank) is selling to focus on its core sectors. Bank of Makati president Luis M. Chua noted in an interview that universal and commercial banks would "most likely" target to acquire UCPB...
Philippines National Bank, the financial services arm of the Lucio Tan Group, is planning to raise fresh funds from the issuance of US dollar-denominated notes. In a disclosure to the Philippine Stock Exchange, the bank said it has mandated ING and J.P. Morgan as Joint Lead Managers and Joint...
The International Finance Corp. (IFC) has green-lit a loan package for Filipino firm Asialink Finance Corp. (AFC) to help boost small business lending in the Philippines. The private-sector lending arm of the World Bank Group (WBG) disclosed on Friday, Oct. 11, that the senior loan financing...
