Banking and Finance, News

LANDBANK records historic net income of P40.3 billion in 2023, year-end capital of P266.8 billion

calendar_today May 13, 2024 schedule 2 min read

The Land Bank of the Philippines (LANDBANK) has delivered a record-breaking cash dividend of P32.119 billion to the national government, marking its highest-ever contribution and showcasing its robust financial stance. This substantial sum, the largest among Government-Owned and Controlled Corporations (GOCCs), underlines LANDBANK’s strength following its historic net income of P40.3 billion in 2023 and […]

Banking and Finance, News

PH banks maintained loan standards in Q1

calendar_today May 2, 2024 schedule 3 min read

According to a survey conducted by Bangko Sentral ng Pilipinas (BSP), banks in the Philippines are expected to either uphold or enhance their loan standards for both businesses and consumers. IMAGE CREDIT: https://doingbusinessinthephilippines.com/ The report by the Philippine Central Bank further reveals that 86.3% of banks and lending institutions maintained their loan standards for firms, […]

Facade shot of Union Bank building in Manila

Banking and Finance, News

Higher costs and riskier loans seen to negatively affect Union Bank’s profit outlook for this year

calendar_today April 25, 2024 schedule 3 min read

Moody’s Ratings paints a challenging picture for the Union Bank of the Philippines (Union Bank) as it grapples with rising credit costs and a growing proportion of risky loans — all of which are expected to impact its profitability. The recent decline in Union Bank’s asset quality and profitability metrics has raised red flags, as […]

Ritchie Tenegra, a dedicated cop who has vowed to ‘serve and protect’ his community for 25 years, in his chicken coop

Banking and Finance, News

The success story of a cop turned successful poultry owner in Leon, Iloilo

calendar_today April 10, 2024 schedule 4 min read

LANDBANK loan helps retired police officer expand his poultry business The man pictured above is not a cock-fighting aficionado; rather, he is a police officer turned successful poultry owner. Meet Ritchie Tenegra, a dedicated cop who has vowed to ‘serve and protect’ his community for 25 years. Now retired, he has eventually shifted his focus […]

Metrobank receives 2 awards, Best Bank for the Ultra-High-Net-Worth and Best Domestic Private Bank

Banking and Finance, News

Metrobank named “Best Bank for Ultra-High-Net-Worth” at Euromoney Global Private Banking Awards 2024

calendar_today March 27, 2024 schedule 3 min read

Metropolitan Bank & Trust Co. (Metrobank) remains the preferred bank for affluent Filipinos as it received the “Best Bank for Ultra-High-Net-Worth” award at the just-concluded Euromoney Global Private Banking Awards. IMAGE CREDIT: https://www.metrobank.com.ph/ The latest recognition keeps Metrobank’s streak of winning major awards intact. Metrobank was named Best Bank for the Ultra-High-Net-Worth and Best Domestic […]

Executives of China Bank Capital after winning the "Best Bond Adviser " award from The Asset

Banking and Finance, News

The Asset confers Chinabank Capital the “Best Bond Adviser in the Philippines” award

calendar_today March 19, 2024 schedule 3 min read

Bags “Best Bond Adviser” title for the 8th straight year Chinabank Capital has remained unmatched by local investment houses thus far in effectively structuring and efficiently executing capital market deals, and in delivering best-in-class investment banking services to issuers and investors. This was the consensus after Chinabank Capital, the wholly-owned investment banking subsidiary of China […]

Lynette V. Ortiz (middle), President and CEO of LANDBANK, is shown here after leading the rollout of the Bilis Ipon: Digital Financial Inclusion Caravan in Caoayan, Ilocos Sur

Banking and Finance, News

LANDBANK rolls out its digital financial inclusion program for farmers and fisherfolks in GIDA

calendar_today March 15, 2024 schedule 3 min read

No matter where you live — be it in the boondocks or an isolated coastal town — you can now easily open a bank account and start saving for your future. This vision is slowly starting to come to fruition after the Land Bank of the Philippines (LANDBANK) started rolling out a series of caravans […]

Banking and Finance, News

DBP eyes renewed push for modification of its corporate charter that was last amended in 1998

calendar_today March 14, 2024 schedule 3 min read

It’s not only in politics that “cha-cha” (charter change) is becoming a much-talked-about issue. A top official of the Development Bank of the Philippines (DBP) announced recently that the state-owned bank is now working closely with the Department of Finance (DOF), as well as major state regulators and legislators in the country in introducing reforms […]

Facade shot of a Chinabank branch located in Makati City

Banking and Finance, News

Chinabank’s profit soars to P22 billion in 2023, sees sustained core business strength as key

calendar_today March 5, 2024 schedule 3 min read

Buoyed by sustained core business strength and stable asset quality with a “better-than-industry” NPL ratio, China Banking Corporation (Chinabank, PSE symbol: CHIB) recently saw its profits soar to a record P22 billion in 2023. A Chinabank branch located in Makati City (IMAGE CREDIT: www.chinabank.ph) The bank’s net income also increased by 15% from 2022 and has […]

Photo shows Chinabank Chief Finance Officer Patrick Cheng, President & CEO Romy Uyan, Michelle Dee, Sparkle GMA Artist Center Vice President Joy Romina Marcelo, and Miss Universe Philippines Creative Director Jonas Gafud.

Banking and Finance, News

Chinabank launches “Rise with the Dragon” campaign, names Michelle Dee as brand ambassador

calendar_today February 22, 2024 schedule 4 min read

What do Michelle Dee, Meagan Young, Georgina Wilson, Isabelle Daza, Solen Heussaff, Liz Uy, Angel Locsin, and Ann Curtis all have in common? Aside from being beauty queens and actresses, all of them have, at one time or another, served as brand ambassadors of commercial banks in the Philippines. Not to be outdone, Chinabank, one […]

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