Bank of the Philippine Islands (BPI) opened on Tuesday its flagship branch for clients in Makati City that features a glass design and wider space, reflecting its commitment to reach more customers and offer streamlined services.
Global financial-services firm ING Bank and finance professionals group Financial Executives Institute of the Philippines (Finex) announced on Monday Teodoro K. Limcaoco of Ayala Corp. as its 11th Chief Financial Officer of the Year.
ASIA United Bank (AUB) Corp. commits to further develop its technology and explore segments of the Philippine market as it strives beyond its 20th year to be among the top 10 universal banks in the country under its new president Manuel Gomez.
THE country’s largest night food park Mercato Centrale (Mercato) is adding merchants of micro, small and medium enterprises (MSMEs) in the provinces with the digital-payment and microfinance arms of Globe Telecom Inc. to cater to the latter’s 60 million mobile subscribers.
THE United Coconut Planters Bank (UCPB) has donated laptops for some of the 900 garbage collectors-turned-entrepreneurs of recycled clothing and bag store Rags2Riches (R2R), both based in Metro Manila.
Fortune Life Insurance Inc. (Fortune Life) on Tuesday honored 16 public-school teachers and administrators in celebration of the seventh year of its advocacy of promoting the value of hard work and discipline.
Banks and so-called financial technology firms (fintechs) prepare a two-year test of digital financial solutions that widen the markets of micro, small and medium enterprises (MSMEs) in countries grouped under the Asean
Fintq, the financial-technology arm of the country’s largest telecommunications and digital- services firm PLDT, is launching a financial-inclusion movement that turns members of the low-income classes into promoters of formal financial services as part of a community of self-help entrepreneurs, which is seen to grow by over a million by the end of the year.
Land Bank of the Philippines (LandBank) raised its net income by 8 percent to P7.43 billion in the first six months, or more than its P6.88-billion target for the period, as income from investments grew the fastest by 9 percent, from P8.4 billion to P9.2 billion.
Union Bank of the Philippines (UnionBank) grew its net income by 11.29 percent to P4.37 billion in the first six months this year, from P3.92 billion in the same period last year, as interest incomes rose in double-digits led by trading and investment securities at 26.01 percent, according to a regulatory filing at the Philippine Stock Exchange.
Asia United Bank Corp. (AUB) and its subsidiaries raised consolidated net income by 7 percent to P1.3 billion in the first half of the year, from P1.2 billion in the previous year. The lender also reported double-digit growth in loans and deposits.
Government-owned Land Bank of the Philippines (LandBank) starts testing boats made of plastic bottles to collect garbage in tributaries of Manila City as part of the cleanup drive for Manila Bay.
The Department of Foreign Affairs (DFA) is eyeing consultations with the Commission on Higher Education (CHED) and the Department of Education (DepEd) to design a course on the Asean to prepare the youth for the region’s economic integration.
Metropolitan Bank and Trust Company (Metrobank) raised its consolidated income by 5 percent to P9.5 billion in the first half of the year as net interest income from target markets expanded by 16 percent to P29.6 billion, or 73 percent of total operating income, based on an unaudited or preliminary numbers.
United Coconut Planters Bank (UCPB) posted a 12-percent growth in net income to P2.01 billion in the first half of the year, from P1.8 billion, as loans climbed by 15 percent to P153.37 billion, from P133.38 billion, according to its news release on Monday.
PHILIPPINE American Life and General Insurance Co. Foundation (Philam Foundation), the corporate social responsibility arm of the country’s third-largest insurer Philam Life, and Philippine medical associations, are building a database of illnesses.
AIRFREIGHT 2100 Inc. (Air21) plans to build more hubs on the outskirts of Metro Manila, addressing perceived increasing demand from small and medium enterprises (SMEs) and online businesses in the provinces.
MORE than half of rural banks are gone. But Antonio O. Pasia of the Rural Bankers Association of the Philippines (RBAP) sees a half-filled glass.
Union Bank of the Philippines (UnionBank) will launch in about a month a version of its UMobile application, which enables convergent banking where client Internet and mobile transactions are linked with onetime authentication modes.
The Asean Bank Integration Framework (Abif) must push local commercial banks to direct more heft on sound business ideas of small and medium enterprises (SMEs) than on collateral, an economist from the University of the Philippines Diliman said.
The country’s largest financial technology firm Fintq has accepted eight more lenders to its small and medium enterprise (SME) lending program and online venture that will build on its P20-billion loan portfolio among its 50 multisectoral global partners.
The country’s largest financial-technology firm, Fintq, has accepted eight more lenders to its small and medium enterprise (SME)-lending program and online venture that will build on its P20-billion loan portfolio among its 50 multisectoral global partners.
Asia United Bank (AUB) plans to expand consumer banking with additional branches and mobile services to ride on the country’s projected three-year economic growth.
Thrift banks see higher growth in consumer loans with Internet-based financial technologies that enable digital banking on mobile phones.
PRUDENTIAL Life UK, a British insurance and mutual funds company, is building secure zones for Tacloban and Butuan residents through online communities that share microinsurance literacy and services and lifestyle trends as the rural cities search for business opportunities.
Home Credit Philippines (HCPH), a Prague-based consumer finance firm, plans to double its loan payments in the country to P11 billion this year from its growing number of Filipino clientele.
UNION Bank of the Philippines (UnionBank) is eyeing the expansion of mobile banking in Mindanao amid the fight between Philippine government forces against Maute Group terrorists in Marawi City, where about 5,000 families are relocating to neighboring cities.
Union Bank of the Philippines (UnionBank) ramped up its net income by 37 percent to P2.21 billion in the first quarter, from P1.6 billion as a result of interest payments and operating fees.
AIG Philippines, an American nonlife insurance company, announced on Thursday it has earmarked $2.5 billion for property insurance for 2017 anticipation of the P7-trillion infrastructure rollout of the Duterte administration.
Insular Life Assurance Co. Ltd, the largest Filipino insurance company, projects higher total premium income through its bancassurance tie-up with the universal lender UnionBank.
Treasury bill (T-bills) rates fell across the board on Monday, led by 91-day T-bills whose rate improved by 5.7 basis points to 2.148 percent, from 2.205 percent two weeks earlier, the Bureau of the Treasury (BTr) said.
Sun Life Asset Management Co. Inc. (Slamci), the insurer’s mutual-fund arm, introduced on Wednesday a video series called Make It Mutual that share tips and the experience of clients who benefit from mutual funds.
Maybank Foundation honored 20 physically disabled entrepreneurs who grew their income by 250 percent over three months through its livelihood program.
The Fund Managers Association of the Philippines (FMAP) and the Ateneo de Manila University are developing a certificate program on fund management set to roll in the second half this year.
The Bank of the Philippine Islands (BPI) has widened its financial-literacy education program for social entrepreneurs to help boost the range of its credit sources in the country.
The Metropolitan Bank and Trust Co. (Metrobank), second largest by assets, on Wednesday projected loans growing faster than 23 percent this year on the basis of a fast-expanding agribusiness sector and greater purchasing power in the countryside.
The Bank of the Philippine Islands (BPI) ramped up its net income by 25.6 percent in the first three months this year, earning P6.25 billion in profit in the process.
Union Bank of the Philippines (UnionBank) is leading the industry in so-called green buildings with higher certifications from the Leadership in Energy and Environmental Design (LEED).
The dominant telecommunications players now share data with rural lenders under a scheme called Shared Services, which allows the Rural Bankers Association of the Philippines to crunch the numbers and help RBAP manage so-called credit risks.
