The Zobels’ financial services arm, Bank of the Philippine Islands (BPI), has decided to shorten the public offering period of its P5 billion sustainable bonds due to overwhelming demand. In a disclosure to the Philippine Stock Exchange (PSE), the bank said strong demand came from institutional,...
PH1 World Developers (PH1WD), the property development arm of Megawide Construction Corporation, has secured a P500-million loan agreement with Bank of the Philippine Islands (BPI) for the development of its Northscapes project in San Jose Del Monte, Bulacan. In a statement, the firm said the fresh...
The Aboitiz Group’s lender Union Bank of the Philippines (UnionBank) reported that its net income jumped 55 percent to P3.1 billion in the second quarter of 2024 from P2 billion in the same period last year. “We continue to post strong topline revenues. Now that we have completed the...
Taipan Lucio Tan’s Philippine National Bank (PNB) reported a six percent improvement in consolidated net income to P10.3 billion for the first half of 2024 from P9.7 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said earnings grew as it...
China Bank Savings (CBS), a subsidiary of China Banking Corporation, reported an 18 percent improvement in net income to a record P1 billion in the first half of 2024 from the P849 million earned in the same period last year. In a statement, the bank said this is a faster pace compared to 2023’s...
Widespread flooding, triggered by Typhoon Carina and exacerbated by the southwest monsoon, led to the closure and shortened operating hours of major financial institutions on Thursday, July 25. In a series of advisories, BDO Unibank, Land Bank of the Philippines, Bank of the Philippine Islands...
CIMB Pinoy Mavericks Awards Night 2024 Nominees with CIMB Executives (L-R): Myke Celis (Nominee), April Perreras (Nominee), Erline Maniquis (Nominee), Vijay Manoharan (CIMB CEO), Marlon Fuentes (Nominee), Phoebe Fructuoso (Nominee), Jkhriez Pastrana (Nominee), Ankur Seghal (Chief Business &...
Several Philippine banks and airline companies reported operational disruptions due to the widespread Microsoft outage affecting various industries globally. UPDATE : Banks recover from Microsoft outage; Cebu Pacific cancels flights Bank of the Philippine Islands (BPI), Metropolitan Bank and Trust...
The Bank of the Philippine Islands (BPI) has priced its 1.5-year peso-denominated fixed-rate bonds due 2026, called BPI Sustainable, Environmental, and Equitable Development Bonds (BPI SEED Bonds), at at least P5 billion. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the...
The Zobel family’s Bank of the Philippine Islands (BPI) reported a 21.5 percent growth in net income to a record P30.6 billion in the first semester of 2024, driven by robust revenues and sustained positive operating leverage. In a disclosure to the Philippine Stock Exchange (PSE), the bank...
Bank of the Philippine Islands (BPI) has announced that the BPI Debit Mastercard services will be temporarily unavailable this weekend due to scheduled system maintenance. According to BPI, the maintenance is scheduled to take place on July 20, 2024 (Saturday) from 12 AM to 12 NN and on July 21,...
From left: D’Artagnan Aguilar, CIMB Bank PH Chief Marketing Officer; Steve Dailisan; Myke Celis; Marlon Fuentes; Phoebe Fructuoso; Jerico Ramota; Jkhriez Pastrana; Jerico Silvers; MK Bertulfo; April Perreras; and Erline Maniquis. Many know CIMB Bank Philippines as one of the country’s first...
