Higher rates a risk for PHL banks
HIGHER interest rates pose the biggest risk for banks, S&P Global Ratings said, but will be “manageable” as both corporate and retail borrowers are able to absorb higher borrowing costs.
Gov’t raises P15 billion via T-bond tap facility
THE GOVERNMENT raised another P15 billion in fresh funds after opening a tap facility to accommodate excess demand from its Wednesday Treasury bond (T-bond) auction.
LANDBANK’s net earnings climb
STATE-RUN Land Bank of the Philippines (LANDBANK) saw its net income surge as of September as loans grew by more than a third, it reported yesterday.
Asia United Bank books higher income as of Sept.
ASIA UNITED Bank Corp. (AUB) booked a slightly higher net income in the first nine months of the year, boosted by strong growth in its lending business.
Addressing disaster and climate risk in the financial system
By Benel D. Lagua
ANOTHER storm is coming our way. Fortunately, we seemed to have learned our lessons as government leads the way in taking the necessary steps to be ready for whatever the typhoon will bring about. Allow me to share the Development Bank of the Philippines (DBP) journey in disaster and climate risk management as one of the government financial institutions (GFI) in the country.
Peso weakens vs dollar
THE PESO ended its rally against the greenback on Thursday as market participants covered for their short dollar positions.
Yields on term deposits surge
YIELDS ON term deposits surged to fresh highs yesterday, with banks crowding all three tenors following a fresh rate hike from the Bangko Sentral ng Pilipinas (BSP).
Gov’t fully awards T-bonds, opens tap facility on demand
THE GOVERNMENT raised P15 billion from its offering of Treasury bonds (T-bond) yesterday, and even opened a tap facility to take advantage of strong demand and lower yields.
BPI Direct BanKo to open 100 new branches in 2019
BPI Direct BanKo, Inc. wants to open another 100 branches next year as it aims to expand its reach in Mindanao and cope with the demand in areas it is currently servicing.
Banks execute first trades under peso-renminbi spot facility
MEMBER BANKS of the peso-renminbi spot trading facility have executed their first batches of trade following its establishment last month.
Peso climbs to six-month high
THE PESO strengthened to a six-month high on Wednesday even as the greenback strengthened in the morning session due to a risk-off mode among investors.
PHL bond market’s growth slows in Q3
THE LOCAL bond market grew at a slower pace in the third quarter as yields spiked due to concerns over elevated inflation and expectations of further monetary policy tightening here and in the United States, the Asian Development Bank (ADB) said.