Security Bank Corporation, one of the country's leading universal banks, has forged a partnership with eCommerce platform Lazada Philippines to offer its retail banking products to online shoppers. Security Bank and Lazada Philippines formalize partnership with the opening of the Bank’s LazMall...
Bank of the Philippine Islands’ (BPI) financial inclusion and microfinance arm BanKo has teamed up with agri-tech company Agrilever to launch the Agri NegosyoKo Loan Program. In a media briefing, BPI said this initiative aims to help farmers strengthen their agricultural practices and...
CIMB Bank Philippines, the most awarded digital-only commercial bank in the country, recently launched the first-ever CIMB Pinoy Mavericks Awards, which aims to honor inspiring stories of triumph after travails, while also promoting financial inclusion and social responsibility. “We believe...
The Aboitiz Group’s lender Union Bank of the Philippines has successfully raised P10 billion from its stock rights offering which it reported as having robust participation from shareholders. In a disclosure to the Philippine Stock Exchange, the bank said it offered 327.12 million common shares...
Tycoon Alfredo Yao's Philippine Business Bank (PBB) reported a five percent improvement in net income to P511.5 million for the first three months of the year from the P488.8 million earned in the comparative period of 2023. In a disclosure to the Philippine Stock Exchange (PSE), the bank said its...
West Zone concessionaire Maynilad Water Services, Inc. (Maynilad) has secured a loan from Metropolitan Bank & Trust Co. (Metrobank) to support its capital needs for the year. In a statement on Thursday, May 23, Maynilad said the P10 billion from Metrobank will help fund projects aimed at...
Country Builders Bank Inc. has been rebranded as Top Bank Philippines Inc. (A Rural Bank) to mark “the start of a new era defined by its commitment to exceptional service.” “Our vision is clear: to be the top-of-mind and trusted banking institution that transforms the lives of our customers...
Aiming for a green energy future is one thing, but financing these projects is another. Three top banks explained to stakeholders the possible challenges new developers may face when it comes to financing their renewable energy (RE) projects. In a panel discussion during the Solar & Storage...
Bank of Commerce (BankCom), the banking arm of San Miguel Corporation, has listed its P6.57 billion 1.5-year Series B Bonds on the Philippine Dealing & Exchange Corporation (PDEx). In a disclosure to the Philippine Stock Exchange, the bank said the aggregate orderbook for the issuance exceeded...
BUTUAN CITY – A 16-year-old teenage boy was arrested for allegedly robbing the Automated Teller Machine of a rural bank in Buenavista town, Agusan del Norte province, on May 3. A TEENAGE boy was arrested for allegedly robbing the ATM of a bank in Agusan del Norte on May 3. A police officer and a...
Security Bank Corporation posted an 11 percent year-on-year improvement in net profit to P2.6 billion in the first quarter of 2024, reflecting growth in its retail and MSME businesses. In a disclosure to the Philippine Stock Exchange, the bank said total revenues increased 27 percent to P12.5...
Bank of Commerce (BankCom), an affiliate of diversified conglomerate San Miguel Corporation (SMC), reported an eight percent growth in net income to P769.18 million in the first quarter of 2024 from P712.90 in the same period last year. In a disclosure to the Philippine Stock Exchange, the bank...
