From left: Divino Lorenzo F. Villanueva III, Director, GIV Capital Holdings Corporation; Jeffrey D. Ligsay, AVP - Trust Banking Group, Development Bank of the Philippines (DBP); Ma. Felicia S. Magtibay, SAVP - Trust Banking Group, DBP; Francis Nicolas M. Chua, FVP - Corporate Finance Group DBP;...
Security Bank Corporation’s net income income dipped to P6.9 billion in 2021 from P7.4 billion in the prior year because the passage of the CREATE law triggered a one-time P1.2 billion charge for deferred tax assets. In a disclosure to the Philippine Stock Exchange, the bank said its profit...
Security Bank Corporation’s Trust and Asset Management Group (TAMG) expects the Philippine Stock Exchange index (PSEi) to hit the 8,000-mark by the end of the year as the economy rebounds in 2022. In a webinar, the group shared its 2022 outlook for the Philippines equities market and how the...
Philippine Savings Bank (PSBank), a subsidiary of Metropolitan Bank and Trust Company, posted a 39 percent growth in net income to P1.5 billion last year. In a disclosure to the Philippine Stock Exchange, the bank said its “strong income performance was on the back of the increase in fee income...
Presidential candidate Ferdinand “Bongbong” Marcos, Jr. has vowed to pursue the construction of the proposed bridge that would link Iloilo, Guimaras and Negros Occidental should he win the presidency in the May 2022 elections. Marcos made the promise during the UniTeam’s political rally at...
China Banking Corporation posted a 25 percent increase in net income to P15.1 billion last year on the back of sustained core business growth and effective cost management. In a disclosure to the Philippine Stock Exchange, the bank said its earnings translated to an improved return on equity and...
Security Bank Corporation’s investment arm, SB Capital Investment Corporation has received three deal accolades from Hong-Kong based financial magazine The Asset as well as several awards from other institutions. SB Capital was received the “Best Local Currency Green Bond Award” for serving...
The Securities and Exchange Commission (SEC) has approved the planned P3.5 billion initial public offering (IPO) of Bank of Commerce and the P60-billion fixed-rate bonds of its parent company San Miguel Corporation (SMC). The Commission En Banc resolved to render effective the registration...
Security Bank Corporation donated its 2021 holiday fund allocation to support disaster relief and home rebuilding efforts in the aftermath of Typhoon Odette in line with its advocacy of community-building. The bank said it partnered with non-government organization (NGO) International Care...
65270 As demand for digital financial solutions skyrocketed in the pandemic, local open finance platform UBX quintupled its revenues last year and expects to sustain its growth momentum in 2022. In 2021 alone, UBX hauled in P20 billion in annual gross transaction value serving over 200,000 business...
64897 Tonik Financial Pte Ltd (“Tonik”), the parent company of Tonik Digital Bank in the Philippines, announced today that it closed a US$131M round of Series B equity funding. The round was led by Mizuho Bank, which is one of the largest Japanese banking groups and a Top 10 bank by assets in...
In the times when the spirit of pagbabayanihan is more needed than ever, many Filipinos are always looking for ways on how they can help their communities. RBank gives back by helping build the brighter future of many college students. With Robinsons Bank, giving back and helping create better...
