banking

BankCom logs record P18-B fundraise

Bank of Commerce (BankCom) has raised P18 billion from its bond issuance, its biggest peso…

New Zeland central bank cuts rates by 50 bps to help revive frail economy

WELLINGTON — New Zealand’s central bank cut its benchmark rate by 50 basis points to…

BSP launches cyber defense council

The Bangko Sentral ng Pilipinas (BSP) has formed a public-private sector council to strengthen the…

Take advantage of PH growth momentum, investors urged

Ayala Corp. chair Jaime Augusto Zobel de Ayala underscored the Philippines’ immense investment potential in…

AUB posted banner year in ’24; return on equity at 21%

Ng family-led Asia United Bank (AUB) saw its net income in 2024 zoom to a…

The World Bank’s Business Ready Report

Congratulations to the World Bank for the Business Ready (B-Ready) Report that will be presented…

PH financial system’s resources cross P33T

Total resources of the Philippine financial system expanded in 2024 to hit the P33-trillion mark,…

Prolonged rate cut delay unlikely, analysts say

The Bangko Sentral ng Pilipinas (BSP) might have to resume cutting rates soon, analysts said,…

PH banking system saw record profit in ’24

The Philippine banking system saw profits grow to a new record high in 2024, with…

MUFG buy-in deal jacks up Gcash valuation to $5B

MUFG Bank Ltd., Japan’s largest bank, has completed the acquisition of an 8-percent stake in…