Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, reported a 40-percent drop in net income to ₱1.3 billion in the first half of 2026 from ₱2.16 billion in the same period last year as it increased loan provisions due to higher risks. In a disclosure to the...
China Bank Savings Inc. (CBS), the Philippines’ second-largest thrift bank in terms of assets, has nearly doubled its loan-loss reserves to cover bad loans in the first half of 2026, even as the ratio of soured loans to its loan book remained lower than the banking industry’s. CBS said in a...
Malacañang disclosed that the P22.7-billion savings of the government will be used to fund programs for vulnerable sectors affected by the Middle East conflict. According to the Department of Budget and Management (DBM), the government has P22.79 billion in savings, Palace Press Officer and...
China Bank Savings Inc., the thrift retail banking arm of Sy-led China Banking Corp., plans to push forward with its brick-and-mortar expansion, leaning on wider consumer margins to buffer against persistent inflation and elevated global interest rates. James Christian Dee, CBS president, said the...
Microfinance lender BPI Direct BanKo Inc., A Savings Bank (BanKo), the microfinance arm of Ayala-led Bank of the Philippine Islands (BPI), is spotlighting the growing role of Filipino mothers in driving grassroots entrepreneurship and local economic activity. Among them is Madelyn Nayre of Barangay...
China Bank Savings (CBS) Inc. posted a record net income of ₱2.4 billion in 2025, marking a fourth consecutive year of growth driven by the 13 percent surge in its loan portfolio. In a statement, CBS reported that the retail arm of China Banking Corp. saw full-year earnings rise more than 10...
Philippine Savings Bank (PSBank), a subsidiary of Metropolitan Bank & Trust Co. (Metrobank), reported a 33-percent drop in net income to ₱3.5 billion last year from the record-high ₱5.21 billion earned in 2024 due to higher credit provisions in 2025. In a disclosure to the Philippine Stock...
Ayala-led Bank of the Philippine Islands (BPI) continues to consolidate its businesses, this time with the planned merger of BPI Direct BanKo Inc., A Savings Bank (BanKo) and Legazpi Savings Bank Inc. (LSB), with BanKo as the surviving entity. In a disclosure to the Philippine Stock Exchange (PSE),...
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...
