CBS China Bank Savings, the retail lending arm of China Banking Corporation, is now one of the few Philippine thrift banks that boast of a digital on boarding app. This comes after the bank rolled out CBS GO, its mobile app to boost financial inclusion and speed up the shift to a cash-lite economy....
VEGETABLES and fruits are sold at the Agri-Fishery Trade Expo at the Iloilo Provincial Capitol grounds last October 2022. (Tara Yap/Manila Bulletin) ILOILO CITY -- Western Visayas region is banking on the next generation farming to achieve food security. “Food sustainability is a growing global...
Rizal Commercial Banking Corporation is planning to spin-off its trust and investment business into a Stand-Alone Trust Corporation (SATC) as approved by the bank’s Board of Directors. In a statement, RCBC said its Head of Trust and Investments Group (TIG) Dr. Robert Ramos has announced to the...
State-run Social Security System (SSS) announced that it has entered into agreement with Union Bank of the Philippines (UBP) and Rizal Commercial Banking Corp. (RCBC) for the issuance of Unified Multi-Purpose ID (UMID) ATM Pay Cards. In a statement, Michael G. Regino, SSS president and chief...
China Banking Corporation has maintained its regional and local standing as one of the best-governed publicly listed companies in the 2021 ASEAN Corporate Governance Scorecard (ACGS) assessments. At the recent virtual awarding by the Institute of Corporate Governance, China Bank was recognized anew...
HSBC launches yet another milestone in its 147-year history in the Philippines Photos by Kristine Dominique Barreiro BANKING LEADERS From left: HSBC Philippines president and CEO Sandeep Uppal and wealth vice chairman Peter Faulhaber HSBC Philippines recently hosted a dinner for clients to...
Gotianun-led East West Banking Corporation (EW) reported a 70 percent drop in net income to P3 billion in the first nine months of the year from P5.1 billion in the same period of 2021 due to lower trading revenues. In a disclosure to the Philippine Stock Exchange, the bank said earnings improved...
Stock market analysts cheered the higher-than expected Philippine economic growth in the third quarter, attributing it to the Marcos government’s decision to ease Covid restrictions which resulted in higher consumer spending and a more active economy. “Growth was able to outperform the previous...
East West Banking Corporation’s net income fell 60.5 percent to P1.5 billion in the first half of the year from the P3.8 billion it earned in the same period of 2021, mainly due to the drop in fixed-income trading revenues. In a disclosure to the Philippine Stock Exchange, the bank said gross...
The façade of Security Bank’s head office in Ayala Avenue features an installation titled Perfect Harmony—a modernized yin and yang depiction of synergy and collaboration Security Bank Corporation (PSE: SECB), one of the Philippines’ leading universal banks, has been serving retail,...
China Banking Corporation reported a 39 percent jump in net profit to P10.1 billion in the first six months of 2022 from the P7.3 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said earnings growth was driven mainly by higher net interest...
Moody’s Investors Service affirmed China Banking Corporation’s (China Bank) deposit and issuer credit ratings at Baa2 on the back of its strong capitalization and profitability. In a disclosure to the Philippine Stock Exchange, the bank said the rating is a notch above the minimum investment...
