China Bank Savings (CBS), a subsidiary of China Banking Corporation, reported an 18 percent improvement in net income to a record P1 billion in the first half of 2024 from the P849 million earned in the same period last year. In a statement, the bank said this is a faster pace compared to 2023’s...
Widespread flooding, triggered by Typhoon Carina and exacerbated by the southwest monsoon, led to the closure and shortened operating hours of major financial institutions on Thursday, July 25. In a series of advisories, BDO Unibank, Land Bank of the Philippines, Bank of the Philippine Islands...
CIMB Pinoy Mavericks Awards Night 2024 Nominees with CIMB Executives (L-R): Myke Celis (Nominee), April Perreras (Nominee), Erline Maniquis (Nominee), Vijay Manoharan (CIMB CEO), Marlon Fuentes (Nominee), Phoebe Fructuoso (Nominee), Jkhriez Pastrana (Nominee), Ankur Seghal (Chief Business &...
Several Philippine banks and airline companies reported operational disruptions due to the widespread Microsoft outage affecting various industries globally. UPDATE : Banks recover from Microsoft outage; Cebu Pacific cancels flights Bank of the Philippine Islands (BPI), Metropolitan Bank and Trust...
The Bank of the Philippine Islands (BPI) has priced its 1.5-year peso-denominated fixed-rate bonds due 2026, called BPI Sustainable, Environmental, and Equitable Development Bonds (BPI SEED Bonds), at at least P5 billion. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the...
The Zobel family’s Bank of the Philippine Islands (BPI) reported a 21.5 percent growth in net income to a record P30.6 billion in the first semester of 2024, driven by robust revenues and sustained positive operating leverage. In a disclosure to the Philippine Stock Exchange (PSE), the bank...
Bank of the Philippine Islands (BPI) has announced that the BPI Debit Mastercard services will be temporarily unavailable this weekend due to scheduled system maintenance. According to BPI, the maintenance is scheduled to take place on July 20, 2024 (Saturday) from 12 AM to 12 NN and on July 21,...
From left: D’Artagnan Aguilar, CIMB Bank PH Chief Marketing Officer; Steve Dailisan; Myke Celis; Marlon Fuentes; Phoebe Fructuoso; Jerico Ramota; Jkhriez Pastrana; Jerico Silvers; MK Bertulfo; April Perreras; and Erline Maniquis. Many know CIMB Bank Philippines as one of the country’s first...
The Asian Development Bank (ADB) will provide technical advisory services for the P8.5 billion premium wholesale market to be built in the Clark civil aviation complex. This comes after the ADB and the Public-Private Partnership (PPP) Center signed an agreement with Clark International Airport...
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...
By Myrna M. Velasco Investors on pipelined offshore wind developments in the country are amenable to a P10 to P16 per kilowatt hour (kWh) prospective reserve price for contracted capacity on their projects once the green energy auction (GEA) for the technology will be carried out by the Department...
Security Bank Corporation plans to raise at least P5 billion from a fixed-rate peso bond offering with an oversubscription option to be issued from its P200 billion peso bond and commercial papers program. In a disclosure to the Philippine Stock Exchange (PSE), the bank said the bonds will have a...
