The Bangko Sentral ng Pilipinas’ (BSP) five-only digital banks is not a long-term limit and can be lifted depending on demand and requirement, according to BSP Governor Benjamin E. Diokno. “At the moment our policy is to consider among applicants the top five banks that we are willing to...
China Bank and China Bank Capital received recognition again during the 16thPhilippine Dealing System (PDS) Annual Awards. In a statement, the Bank said it bagged the Top 5 Corporate Securities Market Maker and Top 3 Fixed Income Brokering Participant awards, while China Bank Capital clinched the...
Yuchengco-led Rizal Commercial Banking Corporation (RCBC) reported that its 2.5-year and 5.25-year Fixed-Rate ASEAN Sustainability Peso Bond offering was 5.9 times oversubscribed--allowing them to raise P17.87 billion from the P3 billion target. In a disclosure to the Philippine Stock Exchange,...
China Banking Corporation (China Bank) reported a 20 percent growth in net income to P12.1 billion despite the challenges posed by the pandemic last year. In a disclosure to the Philippine Stock Exchange, the bank said its bigger profits translated to an improved return on equity of 12.1 percent...
SM Investments Corporation (SMIC) registered a net income of P23.4 billion last year, 48 percent lower than the P44.6 billion earned in 2019. Due to the impact of the COVID-19 pandemic, The firm’s consolidated revenues declined to P394.2 billion in 2020 from P502.0 billion in the year before....
China Banking Corporation (China Bank) bagged a Gold Anvil for the success of the Bank’s centennial events and campaigns despite a scaled-back celebration in light of the pandemic. With the theme "Celebrating the Past. Embracing the Future", China Bank’s 100 th anniversary program...
Eight firms under the SM group of companies received Golden Arrow Awards from the Institute of Corporate Directors (ICD) for performing well in the ASEAN Corporate Governance Scorecard (ACGS). In a statement, the conglomerate said this is an assessment benchmarked against international best...
Seven members of the SM Group of Companies, led by flagship SM Investments Corporation (SMIC), clinched 10 awards for their high scores in the recently concluded 2019 ASEAN Corporate Governance Scorecard (ACGS) assessments. For the 2019 ACGS Assessment, three award categories were recognized:...
China Banking Corporation (China Bank) was again one of the top winners in the Philippines at the ASEAN Corporate Governance Scorecard (ACGS) Awards of the ASEAN Capital Markets Forum (ACMF) for the 2019 assessment year. The ACGS Awards is organized by the Securities and Exchange Commission...
China Banking Corporation (China Bank) is extending the waiver of InstaPay and PesoNet fees until March 31, 2021 while its branches will continue to serve the public during the holidays. In a statement, the bank said transferring funds to other bank accounts remains free for another three months as...
Aboitiz-led Union Bank of the Philippines is accelerating its digital banking business with a “better normal” strategy to attract new clients while they fasttrack development of online-only products and utilize blockchain solutions for real-time services. UnionBank, which has styled itself...
At least five banks are expected to apply for digital bank license this month, the first batch of applicants after the Bangko Sentral ng Pilipinas (BSP) approved the digital banking framework last week. “So far, about five have signified intention to apply for a digital bank license,”...
