Mountain climbing enthusiast and Security Bank client, John Paul Narisma, waves the Philippine flag proudly at the Base Camp of Mount Everest on October 9, 2023. Nothing beats the adrenaline rush of conquering an extraordinary feat. For mountaineering enthusiast John Paul Narisma, the trek to the...
State-owned Development Bank of the Philippines (DBP) is working closely with the Department of Finance (DOF), state regulators and legislators in introducing reforms in its 26-year-old charter to cater to the demands of an ever-changing market and rapidly-evolving economic landscape, a top...
The Development Bank of the Philippines (DBP) is seeking to introduce reforms, including a massive capital hike to P300 billion, through amendments to its 26-year-old charter. In a statement, the state-owned bank said it is working closely with the Department of Finance (DOF), state regulators and...
With the rising prices of basic goods in the country, it's a welcome development that financial institutions are finding ways to help consumers save. Fuel constitutes a significant portion of many households' expenses. This is why the new UnionBank Shell Power Credit Card could be a gamechanger in...
State-owned Development Bank of the Philippines (DBP) has expressed renewed interest in providing financing to critical public infrastructure projects as it seeks optimal mobilization of the P8.75-billion in fresh funds from its latest local bond issuance, a top official said. DBP President...
Security Bank Corporation reported a 13.74 percent drop in net income to P9.1 billion last year from the P10.55 billion earned in 2022 mainly due to higher expenses and provisions for credit card losses. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its total revenues...
Metropolitan Bank & Trust Co. (Metrobank), the Ty family’s banking arm, has successfully raised $1 billion from its offering of a dual tranche, five-year and 10-year US dollar-denominated notes. In a disclosure to the Philippine Stock Exchange (PSE), the bank boasted that “this issuance...
GoTyme Bank experienced phenomenal growth in the Philippines. Garnering praises for its exceptional user experience, robust security measures and outstanding customer service, the bank attracted 2.5 million users in just 15 months after its launch in 2022. A refreshing alternative to...
The Department of Finance (DOF) said that the World Bank has committed to develop financial instruments tailored to address the Philippines' vulnerabilities to natural calamities. According to the DOF, these instruments will be designed to strengthen the country's emergency response capabilities,...
Metropolitan Bank & Trust Company (Metrobank) is planning to raise $500 million from the issuance of "Reg S" US dollar-denominated Senior Unsecured Notes. In a disclosure to the Philippine Stock Exchange (PSE), the bank said it has been rated "Baa2" with a "stable" outlook by Moody’s...
Philippine Savings Bank (PSBank), the thrift banking arm of the Ty family, reported a 23 percent improvement in net income to a record-high P4.53 billion last year from P3.68 billion in 2022 due to higher revenues. In a disclosure to the Philippine Stock Exchange (PSE), the bank said this...
Philippine National Bank (PNB), the lender controlled by taipan Lucio Tan, reported a 55 percent jump in consolidated net income to P18 billion in 2023 on the back of robust net interest income and lower provisions. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its net...
