China Banking Corporation reported a 39 percent jump in net profit to P10.1 billion in the first six months of 2022 from the P7.3 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said earnings growth was driven mainly by higher net interest...
Moody’s Investors Service affirmed China Banking Corporation’s (China Bank) deposit and issuer credit ratings at Baa2 on the back of its strong capitalization and profitability. In a disclosure to the Philippine Stock Exchange, the bank said the rating is a notch above the minimum investment...
The Cooperative Development Authority (CDA) and Rizal Commercial Banking Corporation (RCBC) signed a memorandum of understanding to promote digital financial inclusion in the country's cooperative groups. (COOPERATIVE DEVELOPMENT AUTHORITY FACEBOOK) The contract signing was held during the...
HEARD IT THROUGH THE GRIPE-VINE: OUR NEW ABNORMAL It’s highly probable that sustainability is the most overused and misunderstood word today. It’s popularity, and how it’s constantly name-dropped, are beyond question; but I’ve often wondered how many versions of sustainability are...
Nestor V. Tan, Bancnet Chairman of the Board. Nestor V. Tan and Fabian S. Dee have been given a fresh mandate to lead electronic banking consortium BancNet as chairman of the Board and president, respectively. During their annual meeting held Thursday, June 9, BancNet shareholders elected the...
China Bank Securities (CBSEC) has launched ChinaBankSec Online, a digital stock trading platform for buying and selling stocks listed at the Philippine Stock Exchange (PSE). In a statement, the stock brokerage said ChinaBankSec Online is accessible on various platforms and devices—online on...
‘MADISKARTENG PANANALAPI.’ Rizal Commercial Banking Corporation (RCBC) led by its President and CEO Eugene S. Acevedo (fifth from the top-left) and Executive Vice President and Chief Innovation and Inclusion Officer Lito Villanueva turn over copies of the “Aralin sa Madiskarteng Pananalapi”...
Rizal Commercial Banking Corp. (RCBC) is offering special rates and exclusive discounts on auto and home loans for a month, starting May 23 until June 24, 2022. To kickstart this month-long offering, select RCBC branches will hold car displays and developer booths and will give away special gifts,...
GCash (G-Xchange, Inc.), the country's top financial app, has "no plans to get a digital banking license at the moment", although it's not saying never, the company told Manila Bulletin. Asked what Gcash can do that a digital bank cannot do, the company responded, "Our position as a platform player...
EastWest Bank (EW) reported a 75 percent plunge in net income to P507.6 million for the first three months of 2022 from the P2.0 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said its profits fell primarily due to lower fixed-income trading...
Local finance app GCash is unfazed over its closest competitor Paymaya's move to open a digital bank. “We don't believe that having a digital banking license is a silver bullet or magic," GCash President and CEO Martha Sazon maintained. "It's not like a signboard that you just turn on then expect...
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...
