HEARD IT THROUGH THE GRIPE-VINE: OUR NEW ABNORMAL It’s highly probable that sustainability is the most overused and misunderstood word today. It’s popularity, and how it’s constantly name-dropped, are beyond question; but I’ve often wondered how many versions of sustainability are...
Nestor V. Tan, Bancnet Chairman of the Board. Nestor V. Tan and Fabian S. Dee have been given a fresh mandate to lead electronic banking consortium BancNet as chairman of the Board and president, respectively. During their annual meeting held Thursday, June 9, BancNet shareholders elected the...
China Bank Securities (CBSEC) has launched ChinaBankSec Online, a digital stock trading platform for buying and selling stocks listed at the Philippine Stock Exchange (PSE). In a statement, the stock brokerage said ChinaBankSec Online is accessible on various platforms and devices—online on...
‘MADISKARTENG PANANALAPI.’ Rizal Commercial Banking Corporation (RCBC) led by its President and CEO Eugene S. Acevedo (fifth from the top-left) and Executive Vice President and Chief Innovation and Inclusion Officer Lito Villanueva turn over copies of the “Aralin sa Madiskarteng Pananalapi”...
Rizal Commercial Banking Corp. (RCBC) is offering special rates and exclusive discounts on auto and home loans for a month, starting May 23 until June 24, 2022. To kickstart this month-long offering, select RCBC branches will hold car displays and developer booths and will give away special gifts,...
GCash (G-Xchange, Inc.), the country's top financial app, has "no plans to get a digital banking license at the moment", although it's not saying never, the company told Manila Bulletin. Asked what Gcash can do that a digital bank cannot do, the company responded, "Our position as a platform player...
EastWest Bank (EW) reported a 75 percent plunge in net income to P507.6 million for the first three months of 2022 from the P2.0 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said its profits fell primarily due to lower fixed-income trading...
Local finance app GCash is unfazed over its closest competitor Paymaya's move to open a digital bank. “We don't believe that having a digital banking license is a silver bullet or magic," GCash President and CEO Martha Sazon maintained. "It's not like a signboard that you just turn on then expect...
Rizal Commercial Banking Corporation posted a 36 percent growth in unaudited consolidated net income to P2.1 billion for the first quarter of 2022 from the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said net income continued on an upward trajectory, with a 23...
China Banking Corporation (China Bank) reported a 37 percent jump in net profits to P4.9 billion in the first quarter of 2022 from P3.6 billion in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank said the improved profitability, driven by sustained core business...
All financial institutions will eventually find themselves needing to readjust to the realities of outside events and internal pressures, and retail banks are no exception. Today, retail banks and other financial institutions are faced with a choice: undergo digital banking transformation...
China Banking Corporation (China Bank) made it to the Financial Times' 2022 ranking of the top 500 high growth companies in the Asia Pacific region—the only bank among the 15 Philippine companies in the comprehensive list. The Asia-Pacific High-Growth Companies 2022, compiled by British newspaper...
