Bank of Commerce (BankCom), an affiliate of diversified conglomerate San Miguel Corporation (SMC), reported an 11 percent dip in net income to P1.42 billion in the first half of 2024 from P1.59 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said...
Security Bank Corporation’s net profit grew 11 percent to P5.4 billion in the first half of 2024, driven by accelerated growth in business drivers. In a disclosure to the Philippine Stock Exchange, the firm said total revenues for the first half grew 24 percent year-on-year to P25.7...
Top executives of the Philippine Bank of Communications (PBCom) and Height Realty, Inc., owner and developer of the exclusive Southlinks Estate, sign a credit facility to help finance the newest real estate development south of Metro Manila. In photo, (L-R): PBCOM Corporate and Commercial Banking...
President Marcos has approved the merger of the United Coconut Planters Bank Leasing and Finance Corporation (ULFC) ) and Land Bank of the Philippines Leasing and Finance Corporation (LLFC). Marcos made the approval through Executive Order No. 65 dated Aug. 6. The merger has LLFC as the surviving...
Ayala-led Bank of the Philippine Islands (BPI) has raised a total of P33.7 billion from the initial P5 billion offering of peso-denominated fixed-rate BPI Sustainable, Environmental, and Equitable Development (SEED) Bonds due 2026. The bank issued the SEED bonds and listed these at the Philippine...
Finance Secretary Ralph G. Recto said the Philippine government secured about P13 billion in loans from the South Korean government to finance the new Dumaguete Airport Development project. Recto and Export-Import Bank of Korea (KEXIM) Chairman and President Yoon Hee-sung signed on Wednesday, Aug....
Beverages tycoon Alfredo Yao's Philippine Business Bank (PBB) posted an 18.8 percent growth in net income to P1.03 billion in the first half of 2024, compared to the P869.2 million generated in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the bank said...
Security Bank Corporation announced that it has ended its P5-billion bond offer period early as volume significantly exceeded target. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the “prevailing market conditions also allowed the Bank to augment its returns to its...
Philippine Savings Bank (PSBank) posted an 18 percent growth in net income to P2.56 billion in the first half of 2024 from the P2.17 billion earned in the same period last year, resulting in an annualized return on equity of 12.5 percent. In a disclosure to the Philippine Stock Exchange...
Zobel-led Bank of the Philippine Islands is considering undertaking a public offering of ASEAN green bonds every quarter following the success of its P5 billion 1.5-year Peso-denominated fixed-rate Sustainable, Environmental, and Equitable Development Bonds due 2026. In a media briefing, BPI Senior...
The Ty family’s Metropolitan Bank & Trust Co. (Metrobank) reported a 13 percent growth in net income to a record P23.6 billion in the first semester of 2024 from the P20.9 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the Banks said profit...
Asia United Bank (AUB) of the Ng family reported that it sustained record-setting profitability in the first six months of the year due to higher revenues and improved credit quality. In a disclosure to the Philippine Stock Exchange (PSE), the bank said it posted a 27 percent year-on-year...
