IFC subscribes to BPI’s ‘green bond’ float, invests US$250 million to fund green assets in PH
The Bank of the Philippine Islands (BPI) informed the Philippine Stock Exchange (PSE) recently that the International Finance Corp. (IFC)…
BSP ushers in a new era of digital innovation on its 30th year
In its 30th year, the Bangko Sentral ng Pilipinas (BSP) has reaffirmed its commitment to adopt global central banking standards…
Philippine stock market falls into the red, defies rising trend in the region
by Jan Michael Carpo, Reporter Yesterday, the Philippine stock market defied the upward trend in the region by falling further…
BSP cites gov’t efforts to strengthen rural banks at latest PH Economic Briefing in Cebu
“The Bangko Sentral ng Pilipinas (BSP) will continue to strengthen rural banks (RBs), which promote countryside development, by financing productive…
BSP maintains transaction caps for credit cards
To encourage more people to borrow money from banks and boost spending in a Philippine economy that’s heavily dependent on…
Loans to consumers and SMEs help prop RCBC’s income by 84% in the first half of the year
Rizal Commercial Banking Corp. (RCBC) announced recently that it achieved double-digit growth in the first 6 months of this year,…
DBP posts P4.42-billion profit; net income jumps by 60% in the first half of this year
A top official of the Development Bank of the Philippines (DBP) announced recently that the state-owned bank was able to…
Union Digital Bank partners with AirAsia, airasia Superapp, and fintech firm BigPay
UnionDigital Bank Inc., a division of the Aboitiz-led Union Bank of the Philippines, has recently signed a strategic collaboration agreement…
RCBC completes transaction with Japanese banking giant, gains P27 billion in capital infusion
To increase its funding source, the Yuchengco-led Rizal Commercial Banking Corp. (RCBC) recently concluded the sale of its shares to…
Metrobank sustains robust net income growth of 34% to PHP20.9 billion in 1st half 2023
Metropolitan Bank & Trust Co.’s (Metrobank) net income rose by 34.1% to PHP20.9 billion in the first semester of 2023…