banking

Debtors of closed banks given bigger discounts  

State-run insurer Philippine Deposit Insurance Corp. (PDIC) announced an “enhanced” and “extended” version of its…

BPI earnings rose to P16.6B in Q1; banner year ahead

Stronger lending in the consumer and micro, small and medium enterprise (MSME) segments buoyed the…

Moody’s upgrades PNB credit rating

Tycoon Lucio Tan-led Philippine National Bank (PNB) bagged a credit rating upgrade from Moody’s Ratings…

February remittances slumped to 9-mo low

Cash remittances posted their lowest haul in nine months in February as inflows normalized following…

No longer plain vanilla: BDO Capital hatches P500B worth of annual deals

Twenty-five years ago, BDO Capital and Investment Corp. began as a company offering plain-vanilla loans,…

BSP cuts policy rate by 25 bps to 5.5%

The Bangko Sentral ng Pilipinas (BSP) on Thursday cut the key rate by a quarter…

Banks’ bad loan ratio steady at 3.38% in Feb

The ratio of bad debts to total loans held by Philippine banks was steady in…

EastWest banks on new offers for ’25

East West Banking Corp. expects to achieve a double-digit growth rate in its net income…

ADB trims growth outlook on PH

The Asian Development Bank (ADB) cut its growth outlook on the Philippines for this year,…

BIZ BUZZ: Chinabank Capital bags prestigious awards, again

Chinabank Capital has done it again. The investment house arm of Sy-led China Banking Corp.…