Over the course of the next five years, East West Banking Corp. may be expected to raise the bonds it will be issuing, increasing the total by up to P30 billion, for use to refinance its maturing obligations, promote asset expansion, and diversify funding sources. In a disclosure made to the Philippine Stock Exchange (PSE), […]
The Bank of the Philippine Islands (BPI) informed the Philippine Stock Exchange (PSE) recently that the International Finance Corp. (IFC) is set to invest US$250 million in a green bond that the Ayala-led bank is issuing. In its report, the BPI noted that it sees the IFC subscription as the largest business that the private […]
by Jan Michael Carpo, Reporter Yesterday, the Philippine stock market defied the upward trend in the region by falling further into the red due to significant foreign selling and worries over the health of China’s economy. At 6,212.39, the benchmark Philippine Stock Exchange (PSE) Composite index closed out with a loss of 77.88 points, or […]
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 […]
