Maybank stops at 80 branches for now
Maybank Philippines has temporarily put on hold its branch-expansion program in the country and has instead focused more on organic growth.
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Maybank Philippines has temporarily put on hold its branch-expansion program in the country and has instead focused more on organic growth.
PLANBANK, the largest rural bank in the province of Laguna, is looking forward to a modest double-digit growth for 2016.
THE board of the Philippine National Bank (PNB) announced on Friday the sale of P20 billion in long-term negotiable certificates of deposits (LTNCDs), whose proceeds should help fund its long-horizon operational requirements.
THE Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) announced the appointment of an experienced local corporate banker as head of global corporate banking for its Manila branch.
Apart from the need to recalibrate the country’s tax structure, the abject lack of public infrastructures and road congestion remain priority areas under the Duterte-led government, according to Finance Secretary Carlos G. Dominguez III.
The biggest hindrance to the regulatory mandate to shift to Euro MasterCard Visa (EMV)-enabled automated teller machine, as well as credit and debit cards, from the now obsolete magnetic-strip technology is not the technology itself but the humans who use it, according to Bankers Association of the Philippines President Nestor V. Tan. EMVs pertain to the proprietary cards whose embedded chip security features have been touted as superior to the magnetic-strip variety now prevalent.
The Dy-led Security Bank is on track in the effort to migrate its credit-card operations using Europay MasterCard Visa (EMV) chip-enabled cards as mandated by the central bank, according to its President and CEO Alfonso Salcedo Jr.
The card-servicing unit of Rizal Commercial Banking Corp. (RCBC) signed an agreement with GHL Systems Philippines Inc. (GHL Philippines) to provide faster credit card payment services.
China Bank Capital Corp. (CBCC), the investment house of China Banking Corp., announced on Thursday its acquisition of stock brokerage house ATC Securities Inc. (ASI).
Regulators approved industry leader BDO Unibank Inc.’s move to consolidate three of its subsidiaries into a single unit to streamline its organization.
Accelerated spending for the various infrastructures under the Public-Private Partnership (PPP) Program boosted the loan activities of the banking system 3 percent higher over a six-month period ending May 16 this year, according to First Metro Investments Corp.
THEÂ Philippine National Bank (PNB) vowed on Friday to improve on its first-quarter net income performance, which already more than doubled to P2.6 billion, citing the optimism generated by the taking over of the helm of the government by President Duterte on the economy as his basis for greater profits down the line.
The Bank of the Philippine Islands (BPI) has completed the migration of its credit-card operations from the old reliable magnetic strip technology to the chip-enabled cards under the Europay MasterCard Visa (EMV) emblem, as mandated by the monetary authorities.
Credit-card use and other forms of electronic payments have steadily gained patronage in the Philippines and enabled the global payments-technology company Visa to report double-digit growth for such transactions locally.
Switzerland-based global markets investment manager Partners Group plans to expand its Asian presence with the opening of a service hub in the Philippines. When completed, the local unit will be its fifth largest in terms of work force.
FILIPINOSÂ fall victim to fraud more often as technology continues to evolve, with fraudsters quickly adapting to changes, according to the Philippine Savings Bank (PSBank).
Remittance service provider I-Remit and Sterling Bank of Asia signed a partnership agreement that addresses the transactional requirements of overseas Filipino workers (OFWs) in the Kingdom of Saudi Arabia (KSA).
iPeople Inc., the education arm of the Yuchengco Group of Cos., looks to expand its scholastic footprint further in the southern part of the country.
Asia, in general, and the Philippines, more particularly, should still be able to report expanded local output this year on the basis of their sound macroeconomic underpinnings, the global financial-services giant HSBC said.
Asia United Bank Corp. (AUB) forecasts sustained double-digit income growth for the rest of the year, on the basis of corporate loans pushing even higher.
The board of Metropolitan Bank and Trust Co. (Metrobank) announced on Thursday the issuance of P20-billion long-term negotiable certificates of deposits (LTNCDs) to lock in long-term funding.
Rizal Commercial Banking Corp. (RCBC) anticipates still higher net income in the remaining months of the year on the basis of consumer loans picking up as businesses and households progressively becoming liquid, as consequence of both election- and infrastructure-related spending.
The incoming administration under President-elect Rodrigo R. Duterte may not be as fortunate as its predecessor, as the likelihood of another recession looms in the years ahead, according to latest macroeconomic readings by the Bank of the Philippine Islands (BPI).
European financial services provider Allianz SE has completed the acquisition of 51 percent of Philippine National Bank subsidiary PNB Life Insurance Inc., having obtained a majority of the stocks and management control of the local insurer.
The continued pursuit of business plans and the financing program from the various banks that support them should not stop now that Malacanang has a new tenant, businessmen and bankers said on Tuesday.
ONE of the largest land and sea travel providers in the Philippines is set to modernize its fleet throughout 2016, with hopes of catering more to the millennial market.
THe oldest bank in the Philippines is ready to embrace technological advancements that financial technologies (fintech) have to offer, amid the cyber-threat issues that plagued the country since the start of the year.
The illegal transfer of funds could have been intercepted earlier if not for a disparity on technical codes embedded in the messages sent by the Bank of Bangladesh to Rizal Commercial Banking Corp. (RCBC) on February 9.
Industrialization is the main key to sustainable financial growth, according to the chief executive of a member-owned international cooperative, known as Swift.
By Mia Rosienna Mallari
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