Rizal Commercial Banking Corporation posted a 36 percent growth in unaudited consolidated net income to P2.1 billion for the first quarter of 2022 from the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said net income continued on an upward trajectory, with a 23...
China Banking Corporation (China Bank) reported a 37 percent jump in net profits to P4.9 billion in the first quarter of 2022 from P3.6 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said the improved profitability, driven by sustained core business...
All financial institutions will eventually find themselves needing to readjust to the realities of outside events and internal pressures, and retail banks are no exception. Today, retail banks and other financial institutions are faced with a choice: undergo digital banking transformation...
China Banking Corporation (China Bank) made it to the Financial Times' 2022 ranking of the top 500 high growth companies in the Asia Pacific region—the only bank among the 15 Philippine companies in the comprehensive list. The Asia-Pacific High-Growth Companies 2022, compiled by British newspaper...
In 2021 amid a crippling coronavirus pandemic, the Philippine Deposit Insurance Corporation (PDIC) revised its vision to enhance its effectiveness. The revised vision states: “By 2023, the PDIC will be a leading institution in governance, recognized for its operational excellence in depositor...
The Annual Stockholders’ Meeting of East West Banking Corporation on Friday, April 22, 2022, at 8:30 A.M. will be held virtually over a secure online meeting platform. In view of the current circumstances, stockholders may only attend the meeting by remote communication, by voting in absentia...
East West Banking Corporation will hold its Annual Stockholders’ Meeting virtually on Friday, April 22, 2022, at 8:30 A.M. In view of the current circumstances, stockholders may only attend the meeting by remote communication, by voting in absentia or through proxy by appointing the Chairman...
China Banking Corporation and its investment banking arm China Bank Capital bagged top honors at the recent 2022 PDS Awards of the Philippine Dealing System Holdings Corp. and Subsidiaries (PDS) Group. China Bank won the Cesar E.A. Virata Award (Bank Category), the highest distinction that the PDS...
Tonik First Anniversary Tonik, the Philippines' first digital-only neobank, marks its first year of operations in the country today. With its industry-leading deposit rates of up to 6% per annum (p.a.) and unique product offerings, the neobank was able to provide Filipinos a game-changing way to...
EastWest Banking Corp., the banking arm of the Gotianun group, reported a 31 percent drop in net income to P4.5 billion last year from the P6.51 billion earned in 2020. In a disclosure to the Philippine Stock Exchange on Friday, March 18, the bank said this is due to the impact of lower loan...
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...
2021 Mobile threats report Cybercriminals are foregoing attacks on mobile devices to focus on the more dangerous and profitable theft of users’ banking and gaming credentials, as well as other personal data, according to the latest findings of cybersecurity solutions provider Kaspersky. Last...
