Philippine National Bank (PNB) reported a five percent increase in first-quarter net income, buoyed by higher lending volumes and a focus on cost containment that helped the lender navigate a volatile interest-rate environment. In a disclosure to the Philippine Stock Exchange, PNB said the lender...
Vice President Sara Duterte’s husband, lawyer Manases Reyes Carpio, will file a criminal complaint on Monday, April 27, accusing financial regulators and House members of illegally disclosing confidential bank records. In an advisory issued on April 26, Carpio said he is scheduled to file the...
State-owned Development Bank of the Philippines (DBP) commemorates its 79th anniversary steadfast in fulfilling its developmental mandate ─ remaining a strong and financially stable government financial institution fully capable of supporting the socio-economic agenda of President Ferdinand R....
The Bangko Sentral ng Pilipinas (BSP) is poised to extend its tightening cycle as foreign lenders believe that the central bank will prioritize anchoring inflation expectations over mounting risks to economic growth. Following the Monetary Board’s decision last week to raise the benchmark...
Aboitiz-led Union Bank of the Philippines (UnionBank) is unfazed by the ongoing crisis spawned by the Iran war and is confident it will continue to deliver sustainable growth this year. “We entered 2026 on solid foundations with a clear focus on sustainable growth and improved shareholder...
State-owned Development Bank of the Philippines (DBP) has been recognized by its regulator for its adherence to good corporate governance and by an international organization for its sustainability programs, a top official said. DBP President and CEO, Michael O. de Jesus, said the Bank was hailed...
Concessional financing extended by the Asian Development Bank (ADB) to the Philippines, its host country, in 2025 ranked second largest among the multilateral lender’s developing member countries (DMCs), reaching $4.25 billion or over ₱256 billion. The Manila-based ADB’s 2025 annual report,...
Vice President Sara Duterte on Thursday, April 23, dismissed long-standing allegations linking her to supposed billions in undisclosed bank accounts, calling them recycled claims amplified by political forces. In a statement, Duterte directly addressed accusations repeatedly raised by Antonio...
While Asian currencies have been on a modest decline since Middle East tensions flared up, Japanese financial giant MUFG Bank Ltd. said the Philippine peso was the biggest loser among regional currencies, given the domestic economy’s high exposure to imported oil. Separately, think tank Capital...
Metropolitan Bank & Trust Co. (Metrobank), the country’s second-largest private lender, doubled its daily transaction limit for InstaPay transfers to ₱100,000, effective April 22, as the industry races to capture a larger share of the country’s burgeoning digital payments market. In a...
Asian Development Bank (ADB) President Masato Kanda announced on Wednesday, April 22, his intention to seek a full five-year term as head of the Manila-based lender, positioning himself to steer the institution through a period of heightened geopolitical volatility and climate-driven economic...
The Caloocan City government opened on Tuesday, April 21, a “Human Milk Bank” at the Caloocan City Medical Center (CCMC) to support premature and medically fragile infants. According to the city’s Public Information Office, the facility aims to provide free and safe breast milk to babies in...
