banking

Metrobank drops fund management to focus on new strategy

A subsidiary of the Metrobank Group has sold all its shares in First Metro Asset…

BSP commits to help PH exit FATF ‘grey list’

The Bangko Sentral ng Pilipinas (BSP) has committed to support the country’s bid to exit…

Core lending business boosts PNB bottom line

Philippine National Bank (PNB), led by the family of taipan Lucio Tan, reported a 12-percent…

BDO shatters corporate earnings record anew

BDO Unibank Inc. again shattered records after booking the highest nine-month earnings in Philippine corporate…

Cautious banks tighten lending to firms, consumers

Households and businesses had huge appetite for loans in the third quarter but faced tight…

Bank sale triples Robinsons Retail earnings to P7.8B

Supermarket and specialty retailer Robinsons Retail Holdings Inc. (RRHI) saw its earnings in the first…

RRR cut seen to boost construction of new hotels

The additional loanable funds that will be injected to the local economy following the easing…

Liberalization of ‘repo’ market pushed

Financial regulators are working to expand the market for repurchase agreement (repo) using government securities…

Bank of America unveils currency, hedging services in PH

After more than two decades, Bank of America (Bofa) has relaunched its fixed-income, currencies and…

PNB raises $300M in debt market comeback

Philippine National Bank (PNB) has raised $300 million from its first offshore bond program in…