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 […]

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 […]

Birds eye view of Landbank of the Philippines office

Banking and Finance, News

LANDBANK posts highest P31.85-billion net income in Q3, records 24% increase Year-on-Year

calendar_today October 24, 2023 schedule 2 min read

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 […]

Banking and Finance, News

Loans to consumers and SMEs help prop RCBC’s income by 84% in the first half of the year

calendar_today August 18, 2023 schedule 3 min read

Rizal Commercial Banking Corp. (RCBC) announced recently that it achieved double-digit growth in the first 6 months of this year, with the company’s net income rising by 84% on the strength of significant loan growth across all segments. In a filing to the Philippine Stock Exchange (PSE), RCBC shared that its net income increased by […]