The Bangko Sentral ng Pilipinas (BSP) recognized seven outstanding partner institutions of its Mindanao Regional Office (MRO) and Branches during the 2023 Outstanding BSP Stakeholders Appreciation Ceremony (OBSAC) held last December 5 in Cagayan de Oro City. MBM Rosalia V. De Leon (front row, center) leads the recognition rites during the 2023 Outstanding Bangko Sentral […]
Standard Chartered Bank has recently announced the appointment of Mike Samson as the new Chief Executive Officer of its Philippines franchise effective December 1, 2023, subject to regulatory approval. Concurrently, Samson is also Standard Chartered Bank’s Head of Client Coverage for the Philippines and the ASEAN. Mike Samson, the new CEO of Standard Chartered Bank […]
Philippine National Bank (PSE: PNB) registered a consolidated net income of P13.5 billion for the first nine months of 2023, 19 per cent higher compared to its earnings for the same period last year. The bank’s stronger performance year-on-year was attributed to the growth in its core lending and fee-based operations. IMAGE CREDIT: https://www.flickr.com/ The […]
Union Bank of the Philippines (UnionBank) has recently acquired bonds valued at over P200 million. The bonds, which were issued three years prior, effectively completed its dual-tranche bond offering. In a press statement, the Aboitiz-led bank said that it has bought P236.7 million worth of its Series C bonds as part of a bond exchange […]
In time for Filipinos’ Christmas bonus and 13th-month pay, the newest mobile banking player, OwnBank, sets foot in the market to offer local users its next-generation, all-in-one financial services, with the highest savings interest rate yet of 8% per annum. The one app for all your financial needs: OwnBank is BSP-regulated and PDIC-insured, so you […]
Bank employees will now have access to medical cover for treatment of menopause-related symptoms Standard Chartered recently announced the global rollout of medical coverage for the treatment of menopause-related symptoms to all its employees and their partners as part of their medical benefits. More than two-thirds of its employees will be covered by November, with […]
The Bankers Association of the Philippines (BAP) and Meralco recently held a forum to discuss ways how banks throughout the country can adapt practices to introduce sustainability in their energy practices. In his opening remarks, BAP managing director Benjamin P. Castillo highlighted how energy matters in a bank’s day-to-day operations. “As is generally known, electricity […]
After a solid third quarter, the earnings of the Bank of the Philippine Islands (BPI) increased from P30.5 billion in the previous year to P38.6 billion (an increase of a little over 26%) from January to September this year. IMAGE CREDIT: www.bpi.com.ph BPI Chief Financial Officer Eric Luchangco said that the bank’s nine-month net income […]
The Islamic Banking and Finance (IBF) Core Team of the Bangko Sentral ng Pilipinas (BSP) was recently named regional winner of the Presidential Lingkod Bayan Group Award for their work in developing Islamic finance in the country. The group’s efforts have strengthened stakeholder engagement and inter-agency cooperation, implemented key regulations and built capacities to support […]
The Land Bank of the Philippines (LANDBANK) posted a net income of P31.85 billion in the first nine months of the year, the highest ever for the bank since it first breached the P30 billion mark at the end of 2022. The P31.85 billion profit is also a significant expansion (a 24% increase) from the […]
