In a significant development for the Philippine financial sector, President Ferdinand R. Marcos, Jr. has recently appointed veteran banker Walter C. Wassmer to the Bangko Sentral ng Pilipinas (BSP)’s Monetary Board (MB). President Marcos Jr. (left), and veteran banker Walter C. Wassmer (right) With a distinguished career spanning several decades, Wassmer’s expertise is set to […]
In a significant move to bolster its commitment to employee development and talent mobility, Chinabank has recently renewed its partnership with LinkedIn for enterprise learning and hiring solutions. The contract signing ceremony took place at the Chinabank Academy in Makati City, marking a milestone in the bank’s ongoing efforts to foster a culture of continuous […]
by Jan Michael Carpo, Reporter In a significant move to enhance financial accessibility for Filipinos, BDO Unibank Inc., led by the Sy family, is introducing digital innovations like self-service machines across its branches nationwide. This initiative, according to the bank, aims to provide a seamless blend of physical and digital banking experiences — or “phygital” […]
Salmon, a fintech company dedicated to enhancing access to credit, savings, and investments for over 500 million underserved customers in Southeast Asia, has clinched the prestigious 2024 Asian Banking and Finance (ABF) Fintech Start-Up Award – Philippines. The award ceremony, held last July 4, 2024, at the Marina Bay Sands Expo and Convention Centre in […]
Effective June 19, 2024, Chinabank is set to change its ticker symbol on the Philippine Stock Exchange (PSE) from “CHIB” to “CBC.” This strategic decision is considered a significant move to enhance its brand recognition and unify its market presence. It also forms part of the bank’s broader efforts to modernize its image and connect […]
BDO Unibank, Inc. (BDO) today announced that it has achieved a net income of PHP18.5 billion in the first quarter of 2024, marking a 12 per cent increase compared to the same period last year. IMAGE CREDIT: https://businessweekmindanao.com/ This performance has also resulted in an annualized Return on Common Equity (ROCE) of 14.3 per cent […]
BDO Unibank, Inc. (BDO) delivered impressive results in the first quarter of 2024, posting a net income of PHP18.5 billion. This represents a 12 per cent increase compared to the same period last year, and easily translates to an annualized Return on Common Equity (ROCE) of 14.3 per cent. IMAGE CREDIT: https://www.facebook.com/BDOUnibank/ The bank’s strong […]
Country Builders Bank, Inc. has rebranded as Top Bank Philippines, Inc. (A Rural Bank), unveiling a new image and marking the beginning of a new era defined by its commitment to exceptional service. “Our vision is clear: to be the top-of-mind and trusted banking institution that transforms the lives of our customers by constantly providing […]
by Jan Michael Carpo, Reporter In its second venture into the local debt market, the San Miguel-led Bank of Commerce raised PhP 6.57 billion recently from institutional and ordinary investors through its peso bond offering. The fundraising effort was oversubscribed, surpassing the initial target of PhP 5 billion. Security personnel at a Bank of Commerce […]
CTBC Bank Philippines has revamped its web interface and mobile banking applications for retail clients. In collaboration with Hitachi Asia, the newly redesigned Retail NetBanking app boasts a more unified dashboard, enhancing navigation, functionality, and user experience, according to a press release from CTBC Bank Philippines. IMAGE CREDIT: https://www.facebook.com/ctbcbank.ph/ The app now includes personalized widgets […]
