Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, reported a 29-percent drop in net income to ₱2.85 billion in the first nine months of 2025 from ₱4 billion in the same period last year. The bank did not disclosure the reason for the drop in earnings nor did it...
Hong Kong-listed CSC Holdings Ltd., through CS Capital Investment Pte. Ltd., has completed its acquisition of a 26.3 percent stake in the Cabagangon group’s Citystate Savings Bank, Inc. In a disclosure to the Philippine Stock Exchange, CSBank announced that it was informed of the completion of...
Vice President Sara Duterte unleashed a fresh round of tirades against President Marcos, taking offense at his repeated “pambubudol (scamming)” of the Filipino people and questioning his return of P60 billion from the national coffers to the Philippine Health Insurance Corporation (PhilHealth)....
After posting record-breaking profits every year since 2021, China Bank Savings (CBS) is on track for another banner year as its profit grew 19 percent to ₱1.2 billion in the first half of 2025. “We continue to perform well despite economic headwinds such as geopolitical uncertainties and...
Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, reported that its ₱2 billion Peso-denominated Fixed-Rate Bonds were six times oversubscribed on the offering day. In a disclosure to the Philippine Stock Exchange, the bank said it has thus decided to shorten the...
Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, is set to raise at least ₱2 billion from the issuance of peso-denominated fixed-rate bonds as part of its ongoing ₱40-billion bond program. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the...
China Bank Savings (CBS), the retail lending arm of the SM Group’s China Banking Corporation, sees enough room for competition in the thrift banking segment, even from BDO Network Bank, as it continues to post strong earnings growth. In a chat with media after the bank’s annual stockholders’...
It’s a day late, but Happy Independence Day! Yes, Virginia, June 12 marked the 127th year of our independence. But wait, did you know there’s even more to celebrate every June 12? Based on my research, did you know that June 12 is also Raggedy Ann and Andy Day, as well as National Jerky Day,...
Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, reported an all-time high net income of ₱5.21 billion for 2024, up 15 percent from the ₱4.53 billion it earned in 2023. In a disclosure to the Philippine Stock Exchange, the bank said this resulted in a higher...
Legazpi Savings Bank (LSB), a wholly-owned subsidiary of the Bank of the Philippine Islands (BPI), is expanding its reach outside the Bicol region by more than doubling the number of its branches so it can serve more public school teachers nationwide. In a media briefing, LSB President Jerome B....
Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, reported a 19 percent improvement in net income to P4 billion in the first nine months of the year. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its solid financial performance was driven by...
Bigger banks are expected to snap up UCPB Savings Bank which the state-run Land Bank of the Philippines (Landbank) is selling to focus on its core sectors. Bank of Makati president Luis M. Chua noted in an interview that universal and commercial banks would "most likely" target to acquire UCPB...
