The façade of Security Bank’s head office in Ayala Avenue features an installation titled Perfect Harmony—a modernized yin and yang depiction of synergy and collaboration Security Bank Corporation (PSE: SECB), one of the Philippines’ leading universal banks, has been serving retail,...
The Asian Development Bank (ADB) would focus its support to the Philippines on climate action, climate smart transport and communication, and investing in Filipinos’ welfare for the next six-year, the Department of Finance (DOF) said. In a statement on Wednesday, Aug. 10, Finance Secretary...
PayMaya and Maya Bank officers, led by PayMaya Philippines Group President and Maya Co-Founder, Shailesh Baidwan (10 th from the left); PayMaya Philippines COO, Khurram Malik (11 th from the left); and Maya Business Head, Mar Lazaro (9 th from the left); recognized key partners that have championed...
Irked by exorbitant bank transfer fees amid the prevailing high inflation, Albay 2nd district Rep. Joey Salceda has urged the Bangko Sentral ng Pilipinas (BSP) to issue regulations that would put a cap on bank charges. Albay Rep. Joey Salceda (Photo from Salceda’s office) Salceda, chairman of the...
Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, more than doubled its net income to P1.84 billion in the first half of 2022 from the P0.88 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said “The rise in...
From left: PayMaya Philippines Group President and Maya Co-Founder, Shailesh Baidwan; DTI Assistant Secretary, Mary Jean Pacheco; BSP Deputy Governor, Bernadette Romulo-Puyat; BSP Deputy Governor, Chuchi Fonacier; PayMaya Founder-CEO and Maya Bank Co-Founder, Orlando B. Vea; BSP Governor, Felipe...
Metropolitan Bank & Trust Company (Metrobank) reported that its net income surged 95 percent to P7.6 billion in the second quarter of the year, boosting first half earnings by 33 percent to P15.6 billion year-on-year. In a disclosure to the Philippine Stock Exchange, the bank said it almost...
SPEAKING OUT Ignacio R. Bunye At 171 years and counting, Bank of the Philippine Islands (BPI) - the country’s and Asia’s first bank – continues to lead in the banking and financial industry. BPI is marking this milestone with an anniversary mass this morning to be officiated by the Most Rev....
Bank of Commerce (BankCom), the banking arm of San Miguel Corporation, has raised P7.5 billion from its maiden issuance of P7.5 billion 2-year Series A Bonds, 150 percent more than the original target of P3 billion. In a statement, the bank said the aggregate orderbook for the issue exceeded the...
In a day, how many times does an average consumer use a product that comes from a sachet or a plastic wrapper? Food, beverage, cookies, cooking ingredients, shampoo, liquid soap come in sachets. Numerous personal items are packaged in plastic –razor, hair brush, cosmetics, hygiene care products,...
Union Bank of the Philippines reported a 27 percent drop in net income to P6.1 billion for the first six months of 2022 due to extraordinary trading gains recorded in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said its net revenues, excluding trading...
From left: CPF Philippines Vice President, Phaisarn Rewriab; CPF Philippines Chief Finance Officer, Supakitti Bunvet; CPF Philippines President, Udomsak Aksornphakdee; DBP Senior Vice President, Carolyn I. Olfindo; and DBP Assistant Vice President, Rallen O. Verdadero. State-owned Development Bank...
