Metropolitan Bank & Trust Co. (Metrobank) announced a record ₱37.3 billion in net earnings in the first nine months of the year, a 4.3 percent increase from 2024, driven by strong loan growth, improved margins, and healthy trading income. In a disclosure to the Philippine Stock Exchange, the bank...
The Bank of the Philippine Islands (BPI) expects its card products to be ready for tokenization by next year, positioning the Ayala-led lender for the anticipated local launch of Apple Pay and Google Pay. Jose Teodoro Limcaoco, BPI president and chief executive officer (CEO), said the bank 's...
Signaling bolder growth, the wealth management arm of Bank of the Philippine Islands (BPI) has abandoned its old ₱3-trillion assets under management (AUM) goal to instead pursue a loftier ₱4-trillion target by 2030. On the sidelines of the 2025 BPI Signature Yacht Race Series Season 3 Launch,...
Ayala-led Bank of the Philippine Islands (BPI) is confident it will achieve full compliance with the Bangko Sentral ng Pilipinas’ (BSP) required standards for its fraud management system (FMS) by mid-2026. Jon Paz, BPI enterprise information security officer and data protection officer, told...
An international group of audit practitioners has named a senior executive of state-owned Development Bank of the Philippines (DBP) as “Chief Audit Executive of the Year”, citing his contributions in elevating the internal audit function in the government service. Senior Vice President Ryan R....
Asia United Bank (AUB) reported a nine-percent improvement in net income to ₱9.4 billion in the first nine months of 2025 from the ₱8.6 billion earned in the same period last year, on the back of higher revenues and improved operational efficiency. The bank said in a disclosure to the...
Security Bank Corp. has successfully raised ₱21 billion from the issuance of fixed-rate peso corporate bonds due 2030—more than four times its target size and the bank’s largest bond issuance to date. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the bonds carry a...
The Aboitiz Group’s Union Bank of the Philippines reported a drop in net income to ₱6.5 billion in the first nine months of 2025 from the ₱8.6 billion generated in the same period last year, partly due to higher expenses. The bank said in a disclosure to the Philippine Stock Exchange that it...
The recent lifting of foreign ownership limits and introduction of the Green Energy Auction Program (GEAP) have led to a rapid growth in investments in the renewable energy (RE) sector. In a media briefing, Security Bank Capital President and Chief Executive Officer (CEO) Virgilio O. Chua said...
Metro Manila West Zone concessionaire Maynilad Water Services Inc. began its capital-raising exercise Thuesday, Oct. 23, with its ₱34.33 billion initial public offering (IPO) open for subscription until Oct. 29, 2025. Maynilad fixed its IPO share price at ₱15 on Oct. 20. The water...
The listing of Maynilad Water Services Inc. at the Philippine Stock Exchange, following its ₱34.33 billion initial public offering, is expected to inject renewed interest into the local equities market and propel the growth of the benchmark index by approximately 10 percent from its current...
Ayala Corp.’s $100-million blended finance deal for electric mobility was named the Philippines’ Transport Deal of the Year in The Asset Triple A Sustainable Infrastructure Awards 2025. The financing for Ayala subsidiary ACMObility came from the Asian Development Bank (ADB) and Canadian...
