BankCom starts P5-B bond offering By James A. Loyola Bank of Commerce (BankCom), an affiliate of diversified conglomerate San Miguel Corporation, has started the P5-billion public offer of its peso bond issuance with an oversubscription option. In a disclosure to the Philippine Stock...
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC), sees a larger market potential for its “SIKAPPINOY Asenso” (Asenso) all-in-one remittance, savings, and investments platform for Filipinos in Japan. This comes after an increase in overall remittances from overseas...
Giant conglomerate San Miguel Corp.’s (SMC) affiliate Bank of Commerce (BankCom) has tapped Infosys Finacle, a global leader in banking technology, to help accelerate its digital transformation and redefine banking experience for customers. In a disclosure to the Philippine Stock Exchange (PSE),...
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC), posted a record net income of P2 billion for the first nine months of 2023, outperforming the full-year 2022 profit of P1.8 billion by 12 percent. In a disclosure to the Philippine Stock Exchange (PSE), the bank said it...
Bank of Commerce (BankCom), the banking arm of conglomerate San Miguel Corporation (SMC), was assigned an Issuer Credit Rating of PRS Aa plus (corp.) with a "Stable Outlook" by Philippine Rating Services Corporation (PhilRatings). PhilRatings said an Issuer Credit Rating is an opinion on the...
San Miguel Corporation’s (SMC) affiliate Bank of Commerce (BankCom) booked a 79 percent jump in net profit to P1.59 billion in the first semester of 2023 from the P886.91 million in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said the results were...
Bank of Commerce (BankCom) reported that its trade finance business grew more than six times in the last three years due to its accelerated support to both SMEs and larger businesses throughout the COVID-19 pandemic. In a disclosure to the Philippine Stock Exchange, the bank said year-end estimates...
Bank of Commerce (BankCom), an affiliate of San Miguel Corporation, more than doubled its net income to P1.49 billion in the third quarter of 2022 from the P626 million it reported in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said its strong performance...
Bank of Commerce (BankCom), the banking arm of San Miguel Corporation, has raised P7.5 billion from its maiden issuance of P7.5 billion 2-year Series A Bonds, 150 percent more than the original target of P3 billion. In a statement, the bank said the aggregate orderbook for the issue exceeded the...
Bank of Commerce (BankCom), an affiliate of diversified conglomerate San Miguel Corporation (SMC), has been assigned an Issuer Credit Rating of PRS Aa plus (corp.), with a Stable Outlook, by Philippine Rating Services Corporation (PhilRatings). A company rated PRS Aa (corp.) differs from the...
Bank of Commerce more than doubled its net income to P360.6 million in the first quarter of 2022 from the P146.3 million it earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said “This upward trajectory resulted from the continued strong core business...
Bank of Commerce (BankCom), the newly-listed affiliate of San Miguel Corporation (SMC), reported a seven-year high net income of P1.2 billion in 2021 from the P784 million it earned in 2020. In a disclosure to the Philippine Stock Exchange, the bank said the results reflect its resiliency amidst...
