Robinsons Bank targets to book P1-B net income
GOKONGWEI-LED Robinsons Bank Corp. is looking to grow its earnings to hit the P1-billion mark this year after ending 2019 with about P700 million in consolidated income, its top official said.
Claims held by non-bank financials rise 14.4% in third quarter
DOMESTIC claims of non-bank financial firms rose in the third quarter of 2019 supported by their investments and loans disbursed to the private sector, according to the Bangko Sentral ng Pilipinas (BSP).
Peso stronger as coronavirus fears recede
THE PESO closed stronger Friday amid perceptions China has taken effective measures to contain the coronavirus outbreak.
At least two lenders looking to set up PHL Islamic banking units
TWO TO THREE banks have expressed interest to set up an Islamic banking unit in the country, according to Bangko Sentral ng Pilipinas Managing Director Arifa A. Ala.
LANDBANK income grows 20% to P18.51 billion
LAND BANK of the Philippines (LANDBANK) saw its net profit grow by double digits last year, with assets breaching the two-trillion mark.
BPI books higher net earnings in 2019
BANK OF THE Philippine Islands (BPI) booked double-digit growth in its earnings in 2019 backed by bigger revenues.
Mayor Isko and FINEX
By Flor G. Tarriela
As 2020 is a leap year, we have 366 days of new ideas and opportunities. The Financial Executives Institute of the Philippines’ (FINEX) theme for the year is “2020 Vision: Leading the Way Toward World Class Philippine Business.”
Peso weakens further on virus
THE PESO weakened further on Thursday as the spread of the coronavirus continues to escalate, with already one confirmed case in the country.
Yields on term deposits decline
BIDS FOR THE central bank’s term deposits declined from the previous week but still filled the offer volume as liquidity returned following the holidays, causing rates to inch down.
BDO raises P40 billion from bonds
BDO UNIBANK, Inc. raised P40.1 billion from the fixed-rate bonds it sold last week, over eight times its initial offer of P5 billion.
SLAMCI targets to hit P100-B AUMs this year
AFTER HITTING P83 billion worth of assets under management (AUMs) to date amid more investors investing through mutual funds, Sun Life Asset Management Co., Inc. (SLAMCI) is bullish they can hit P100 billion worth of AUMs this year.
Peso declines anew
THE PESO weakened on Wednesday as the dollar gained strength with investors opting for safer currencies amid heightened fears over the spread of the novel coronavirus from Wuhan, China around the world.