West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) has secured a loan from Metropolitan Bank & Trust Co. (Metrobank) to support its capital needs for the year. In a statement on Thursday, May 23, Maynilad said the P10 billion from Metrobank will help fund projects aimed at...
Country Builders Bank Inc. has been rebranded as Top Bank Philippines Inc. (A Rural Bank) to mark “the start of a new era defined by its commitment to exceptional service.” “Our vision is clear: to be the top-of-mind and trusted banking institution that transforms the lives of our customers...
Aiming for a green energy future is one thing, but financing these projects is another. Three top banks explained to stakeholders the possible challenges new developers may face when it comes to financing their renewable energy (RE) projects. In a panel discussion during the Solar & Storage...
Bank of Commerce (BankCom), the banking arm of San Miguel Corporation, has listed its P6.57 billion 1.5-year Series B Bonds on the Philippine Dealing & Exchange Corporation (PDEx). In a disclosure to the Philippine Stock Exchange, the bank said the aggregate orderbook for the issuance exceeded...
BUTUAN CITY – A 16-year-old teenage boy was arrested for allegedly robbing the Automated Teller Machine of a rural bank in Buenavista town, Agusan del Norte province, on May 3. A TEENAGE boy was arrested for allegedly robbing the ATM of a bank in Agusan del Norte on May 3. A police officer and a...
Security Bank Corporation posted an 11 percent year-on-year improvement in net profit to P2.6 billion in the first quarter of 2024, reflecting growth in its retail and MSME businesses. In a disclosure to the Philippine Stock Exchange, the bank said total revenues increased 27 percent to P12.5...
Bank of Commerce (BankCom), an affiliate of diversified conglomerate San Miguel Corporation (SMC), reported an eight percent growth in net income to P769.18 million in the first quarter of 2024 from P712.90 in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank...
Finance Secretary Ralph G. Recto said that the national government will expand the authorized capital stock of the Land Bank of the Philippines (Landbank) to P1 trillion. Recto told reporters that the amendments to the charters of the two major state-run banks Landbank and the Development Bank of...
Ayala Corporation, one of the country's leading conglomerates, reported that it sustained its growth momentum with a 26 percent growth in core net income, which excludes one-off items, to P11.8 billion in the first quarter of 2024 from P9.4 billion in the same period last year. In a disclosure to...
Officials of the Department of Transportation (DOTr) met with representatives of the World Bank’s International Finance Corporation (IFC) and discussed the progress of the ongoing partnership projects that include efficient mass transport and reliable maritime connectivity. DOTr Secretary Jaime...
Asia United Bank (AUB) again posted record-setting profits in the first three months of the year as consolidated net income increased by 16 percent to P2.3 billion compared to the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said this translates to a return on...
Bank of Commerce (BankCom), an affiliate of diversified conglomerate San Miguel Corporation, has successfully raised P6.57 billion from its public offer of Peso bonds (Series B Bonds) at the close of the offer period on May 9, 2024. In a disclosure to the Philippine Stock Exchange, the bank said...
