Globe Telecom Inc. has sealed term loan facilities amounting to ₱20 billion to address its budget needs and boost capital spending this year. In a disclosure to the Philippine Stock Exchange (PSE), the Ayala-led telecommunications giant said it borrowed ₱10 billion each from Sy-led BDO Unibank...
Let's be honest, saving up money can often feel overwhelming, with your day-to-day spending piling up, worries about unplanned expenses from emergencies, and overall need for the right savings habit. And you're not alone in this. The Bangko Sentral ng Pilipinas’s (BSP) data shows that saving...
Ty-led Metropolitan Bank & Trust Co. (Metrobank) reported a 14 percent year-on-year increase in net income to a record ₱48.1 billion in 2024, driven by loan growth fueled by robust asset expansion and improving asset quality. In a disclosure to the Philippine Stock Exchange, the bank said...
Metropolitan Bank & Trust Company (Metrobank) has approved the sale of its asset management unit to ATR Asset Management Inc. (ATRAM) while Union Bank of the Philippines is also in talks to merge its trust business with that of ATRAM. "These are bold moves by ATRAM to quickly scale up its trust...
Ty-led Metropolitan Bank & Trust Co. (Metrobank), the country’s second-largest bank, registered a 12.4 percent improvement in net income to a record P35.7 billion in the first nine months of 2024 compared to the same period a year ago. In a disclosure to the Philippine Stock Exchange, the...
Zobel-led Ayala Corporatiion, the country’s oldest conglomerate, has secured a senior long-term loan facility amounting to $200 million from Metropolitan Bank & Trust Company (Metrobank). The loan facility will support Ayala's strategic financing initiatives for its ongoing commitments and...
The Ty family’s Metropolitan Bank & Trust Co. (Metrobank) reported a 13 percent growth in net income to a record P23.6 billion in the first semester of 2024 from the P20.9 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the Banks said profit...
The total assets of the domestic banking system went up by 12.43 percent to P25.622 trillion as of end-May from P22.788 trillion same period in 2023, based on Bangko Sentral ng Pilipinas' (BSP) latest data. Banking assets are boosted by deposits, loans and investments. Total assets refer to...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) has secured a loan from Metropolitan Bank & Trust Co. (Metrobank) to support its capital needs for the year. In a statement on Thursday, May 23, Maynilad said the P10 billion from Metrobank will help fund projects aimed at...
Metropolitan Bank & Trust Co. (Metrobank) reported a 14.5 percent growth in net earnings to P12.0 billion in the first quarter 2024 for a return on equity (ROE) of 13.7 percent. In a disclosure to the Philippine Stock Exchange, the bank said this was driven by consistent growth of its...
Metropolitan Bank & Trust Co. (Metrobank), the Ty family’s banking arm, has successfully raised $1 billion from its offering of a dual tranche, five-year and 10-year US dollar-denominated notes. In a disclosure to the Philippine Stock Exchange (PSE), the bank boasted that “this issuance...
Metropolitan Bank & Trust Company (Metrobank) is planning to raise $500 million from the issuance of "Reg S" US dollar-denominated Senior Unsecured Notes. In a disclosure to the Philippine Stock Exchange (PSE), the bank said it has been rated "Baa2" with a "stable" outlook by Moody’s...
