BPI to divest from GoTyme Bank
BANK of the Philippine Islands (BPI) will divest from digital lender GoTyme Bank as it plans to sell all the shares it gained from...
Basic deposit accounts grew to 23.6 million at end-Sept.
THE NUMBER of basic deposit accounts (BDAs) in the country jumped to 23.6 million as of end- September 2023, the Bangko Sentral ng Pilipinas...
PBCom to raise P15 billion under new bond program
PHILIPPINE Bank of Communications (PBCom) is looking to raise P15 billion from its fundraising program approved on Thursday.
The bank’s board of directors on Thursday...
BPI Wealth looks to increase market share
THE WEALTH MANAGEMENT unit of Bank of the Philippine Islands (BPI) is looking to increase its market share among high to ultra-high net worth...
BDO funds 28 green projects with bond proceeds
BDO Unibank, Inc. used the proceeds of its sustainability bonds issued last year to finance 28 green projects, it said on Thursday.
The financed projects...
Anatomy of Philippine loans
By Reynaldo C. Lugtu, Jr.
Borrowing money is a common practice among Filipinos, deeply rooted in their culture and traditions. Known as “Utang,” borrowing to meet daily needs or...
Peso rebounds as Fed affirms rate cut view
THE PESO climbed against the dollar on Thursday as US Federal Reserve Chair Jerome H. Powell said they remain on track to cut benchmark...
Yields on BSP’s term deposits inch lower before Fed decision
YIELDS on the Bangko Sentral ng Pilipinas’ (BSP) term deposits went down on Wednesday ahead of the US Federal Reserve’s announcement of its policy...
BSP has room for more RRR cuts
THE BANGKO SENTRAL ng Pilipinas (BSP) has room to cut lenders’ reserve requirement ratios (RRR) further, but is looking to further study the impact...
BPI raises $400 million from its first dollar bond issuance since 2019
BANK of the Philippine Islands (BPI) has raised $400 million from its offering of five-year dollar bonds, it said on Wednesday.
The issuance marked the...
Insurance industry posts higher premium collections
THE INSURANCE industry saw its premiums increase by 2.36% to P389.62 billion in 2023 as all sectors saw higher collections, the sector’s regulator said...
How the BoJ’s plan for a smooth stimulus exit stumbled
TOKYO — The Bank of Japan’s (BoJ) strategy for an orderly exit from years of massive stimulus unraveled on an overcast day in December...
