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...
The Cooperative Development Authority (CDA) and Rizal Commercial Banking Corporation (RCBC) signed a memorandum of understanding to promote digital financial inclusion in the country's cooperative groups. (COOPERATIVE DEVELOPMENT AUTHORITY FACEBOOK) The contract signing was held during the...
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...
