BDO taps IFC to provide green finance training
BDO Unibank, Inc. partnered with the International Finance Corp. (IFC) to provide specialized training through the Alliance for Green Commercial Banks’ (Alliance) pilot program,...
BDO Leasing profit steady in 2017
BDO LEASING and Finance, Inc. (BDO Leasing) booked a steady net income in 2017 as higher gross revenues were tempered by higher funding and...
BTr fully awards bond offer on strong demand for long tenors
THE GOVERNMENT fully awarded the reissued benchmark 25-year Treasury bonds (T-bonds) it auctioned off on Tuesday amid strong demand that led it to open its tap facility to offer another P10 billion of the papers.
Quasi-banks book 10.3% NPL ratio at end-Sept.
BAD DEBT held by quasi-banks stood at P14.501 billion for a nonperforming loan ratio (NPL) of 10.3% as of September 2021, data from the Bangko Sentral ng Pilipinas (BSP) showed.
BSP extends P242.6M in loans in 2023
THE BANGKO SENTRAL ng Pilipinas (BSP) extended loans amounting to P242.6 million last year.
This was 99.9% lower than the loans granted in 2022, the...
T-bill, bond rates likely to drop
RATES OF THE government debt on offer this week will likely decline further amid healthy demand after the central bank trimmed the reserve requirement ratio (RRR) for both commercial and thrift banks.
Seven-year T-bonds to fetch higher rates
YIELDS on reissued Treasury bonds (T-bonds) on offer today will likely pick up ahead of the policy meeting of the US Federal Reserve.
CA releases rules for AMLC inquiry into bank accounts
THE COURT of Appeals (CA) has released on Sunday its rule of procedure for the examination of deposit or investment accounts in financial institutions for suspected unlawful activity or money laundering.
Sticky inflation may delay BSP policy easing cycle
THE BANGKO SENTRAL ng Pilipinas’ (BSP) expected rate cuts could be delayed due to sticky inflation, according to BDO Unibank, Inc.
“When inflation begins...
CIMB Bank PH eyes ‘significant’ income growth
CIMB BANK Philippines, Inc. (CIMB Bank PH) turned a profit last year as strong customer growth drove increases in loans and deposits, its top...
Peso returns to P49:$1 level on tax concerns
THE PESO grew stronger against the dollar on Thursday, returning to the P49 level for the first time in more than six months, as...
Peso weakens vs dollar on US GDP growth data
THE PESO weakened against the dollar on Monday due to a stronger-than-expected US gross domestic product (GDP) report.