CIS Bayad Center, Inc., or Bayad, the country’s biggest and widest multi-channel payment platform, and Philippine National Bank, the fifth largest bank in the country, have partnered to make it easier for Filipinos to settle payments electronically. In photo (L-R): Mr. Dennis G. Gatuslao –...
Philippine National Bank reported that its net income surged to P31.7 billion last year, 12 times higher than the bottom line income in the previous year mainly due to a property-for-share swap with a subsidiary. In a disclosure to the Philippine Stock Exchange on Wednesday, March 16, the bank said...
Tan-led Philippine National Bank (PNB) has extended P2.4 billion loan to bankroll the construction of the proposed 12-megawatt Mangima run-of-river hydropower project to be sited in Manolo Fortich in Bukidnon province. The omnibus loan and security agreement was signed this December between project...
Allianz PNB unveils new bikeyard at the heart of BGC Hellish traffic, the need for greater mobility, and greater health consciousness have combined to drive the growing popularity of biking in the Philippines. The number of bikers grew at the height of the Covid-19 lockdowns when bicycles were one...
The retail tranche of the P4.5 billion billion initial public offering AllDay Marts Inc. was 1.62 times oversubscribed, requiring the underwriter PNB Capital and Investment Corporation to refund subscriptions that could not be accommodated. “The overwhelming demand from the Local Small Investors...
LT Group, Inc. (LTG) posted a 63 percent drop in attributable net income to P3.73 billion in the first half of 2021 from the P10.03 billion earned in the same period in 2020. In a disclosure to the Philippine Stock Exchange, the firm said “This is mainly due to the higher provisioning for credit...
PNB Holdings Corporation (PHC), the real estate holding company of Philippine National Bank, intends to redevelop its prime properties in Makati and Pasay to boost rental demand and optimize their revenue potential. **media During the firm’s annual stockholders’ meeting, newly-appointed PHC...
Investors in the local stock market will be closely watching the COVID numbers after the easing of quarantine measures in the nation’s capital while also waiting for the release of employment this week. “Next week, the local market may decline if our country’s COVID-19 situation further...
Philippine National Bank will be recording about P34 billion in one time earnings from its windfall from the revaluation of its low-earning but prime real estate assets. In a disclosure to the Philippine Stock Exchange, the bank said the amount will be recorded in its books reflecting the...
FGP Corp., which is a subsidiary of Lopez-led First Gen Corporation, has inked a six-year US$308 million loan facility with four banks – the proceeds of which will primarily be allocated to refinance debts funneled to its 500-megawatt San Lorenzo gas fired power plant; while the rest will be...
LT Group, Inc., the investment holding company of taipan Lucio Tan, reported a 4.5 percent improvement in attributable net income to P6.49 billion in the first quarter of 2021 from the P6.21 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange,...
Allianz PNB Life, the insurance unit of one of the country’s major commercial banks PNB, is confident it can sustain its growth this year after defying the economic downturn in 2020 with a dramatic 27.5 percent increase in new business annual premium equivalent (NBAPE). Allianz PNB Life CEO...
