Ayala-led Bank of the Philippine Islands (BPI) has raised a total of P33.7 billion from the initial P5 billion offering of peso-denominated fixed-rate BPI Sustainable, Environmental, and Equitable Development (SEED) Bonds due 2026. The bank issued the SEED bonds and listed these at the Philippine...
Finance Secretary Ralph G. Recto said the Philippine government secured about P13 billion in loans from the South Korean government to finance the new Dumaguete Airport Development project. Recto and Export-Import Bank of Korea (KEXIM) Chairman and President Yoon Hee-sung signed on Wednesday, Aug....
Beverages tycoon Alfredo Yao's Philippine Business Bank (PBB) posted an 18.8 percent growth in net income to P1.03 billion in the first half of 2024, compared to the P869.2 million generated in the same period last year. In a disclosure to the Philippine Stock Exchange (PSE), the bank said...
Security Bank Corporation announced that it has ended its P5-billion bond offer period early as volume significantly exceeded target. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the “prevailing market conditions also allowed the Bank to augment its returns to its...
Philippine Savings Bank (PSBank) posted an 18 percent growth in net income to P2.56 billion in the first half of 2024 from the P2.17 billion earned in the same period last year, resulting in an annualized return on equity of 12.5 percent. In a disclosure to the Philippine Stock Exchange...
Zobel-led Bank of the Philippine Islands is considering undertaking a public offering of ASEAN green bonds every quarter following the success of its P5 billion 1.5-year Peso-denominated fixed-rate Sustainable, Environmental, and Equitable Development Bonds due 2026. In a media briefing, BPI Senior...
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...
Asia United Bank (AUB) of the Ng family reported that it sustained record-setting profitability in the first six months of the year due to higher revenues and improved credit quality. In a disclosure to the Philippine Stock Exchange (PSE), the bank said it posted a 27 percent year-on-year...
The Zobels’ financial services arm, Bank of the Philippine Islands (BPI), has decided to shorten the public offering period of its P5 billion sustainable bonds due to overwhelming demand. In a disclosure to the Philippine Stock Exchange (PSE), the bank said strong demand came from institutional,...
PH1 World Developers (PH1WD), the property development arm of Megawide Construction Corporation, has secured a P500-million loan agreement with Bank of the Philippine Islands (BPI) for the development of its Northscapes project in San Jose Del Monte, Bulacan. In a statement, the firm said the fresh...
The Aboitiz Group’s lender Union Bank of the Philippines (UnionBank) reported that its net income jumped 55 percent to P3.1 billion in the second quarter of 2024 from P2 billion in the same period last year. “We continue to post strong topline revenues. Now that we have completed the...
Taipan Lucio Tan’s Philippine National Bank (PNB) reported a six percent improvement in consolidated net income to P10.3 billion for the first half of 2024 from P9.7 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said earnings grew as it...
