Genivi Factao

293 posts

RCBC selling $400 million in senior notes

The Rizal Commercial Banking Corp. (RCBC) plans to sell up to $400 million in so-called senior notes whose proceeds the lender will use to finance various undertakings while taking advantage of cheaper interest costs prevailing at the moment. The proposed sale forms part of an earlier authority to sell $1 billion worth in medium-term notes (MTN).

PHL SMEs carving overseas markets for themselves

AN increasing number of the country’s small- and medium-scale enterprises (SMEs) have created space for themselves abroad and have marketed their products overseas with greater vigor such that loans at the BPI Family Savings Bank, the thrift-bank arm of the universal lender Bank of the Philippine Islands, were seen hitting P200 billion by the end of the year.

Visa, Oxfam join Philippine banks for prepaid e-payment solution

Visa Inc., Union Bank, Metrobank and humanitarian aid organization Oxfam have delivered an innovative payments solution to disaster-affected areas as part of the government’s financial inclusion program. They have teamed up to create a multifunctional electronic prepaid system that enables the quick, secure and transparent disbursement of disaster aid in the Philippines.

Maybank sees 7% PHL GDP growth

Malayan Banking Berhad (Maybank), Asean’s fourth-largest bank by assets, projects growth averaging 7 percent for the Philippines this year, driven in the main by the country’s so-called large demographic dividend.

BPI net income up 16 percent over 6 months

THE Bank of the Philippine Islands (BPI) reported net income of P9.3 billion in the first six months or half, 16 percent higher than the P8 billion generated in the same period last year, and a demonstration of its continued growth even as it builds a deeper relationship with its clients.

Visa sees boom in credit-card usage

The global payments technology company Visa Inc. said robust domestic consumption  and expanded use of electronic payments products added an estimated P16 billion to the country’s local output, or the gross domestic product, between 2008 and 2012, according to Moody’s Analytics.

RCBC exec optimistic on SME loan growth

DESPITE the administrative burden of granting loans to small and medium enterprise (SMEs), outlook on SME loan growth remains positive, on the back of business expansions under the Association of Southeast Asian Nations (Asean) integration.

BPI ATM cards double as debit cards

More and more Filipinos have migrated from cash transactions when making purchases and embraced the electronic payments system such as those represented by debit cards in recent years, the Bank of the Philippine Islands (BPI) said on Wednesday.