LANDBANK net profit climbs 23% in Q3
LAND BANK of the Philippines’ (LANDBANK) net income climbed 23% year-on-year to P13.97 billion in the third quarter from P11.36 billion a year ago, putting it on track to meet its full-year profit goal of P16.64 billion.
PBB earnings go up in first nine months
PHILIPPINE Business Bank’s (PBB) net income rose in the first nine months of the year on the back of the expansion of its core businesses, it reported yesterday.
UnionBank books higher bottom line at end-September
UNIONBANK of the Philippines, Inc. posted double-digit growth in its net profit at end-September, driven by robust revenues on the back of more earning assets and strong trading gains.
Peso edges higher ahead of Fed
THE PESO moved sideways against the dollar on Monday as the market awaits the US Federal Reserve’s meeting this week, as well as positive developments in the US-China trade talks.
T-bonds seen fetching lower rates
YIELDS ON reissued seven-year Treasury bonds (T-bond) on offer on Tuesday will likely decline amid strong liquidity and as the market reacts to the “sooner-than-expected” cut in banks’ reserve requirement ratios (RRR).
Yields on gov’t debt rally
YIELDS ON government securities (GS) fell last week as market players reacted to another cut in banks’ reserve requirement ratios (RRR).
Peso to strengthen ahead of Fed policy meeting
THE PESO may strengthen this week on expectations of another rate cut from the US Federal Reserve and amid the ongoing US-China and Brexit talks.
Fresh RRR cut to boost lending, economy
THE SURPRISE reserve requirement ratio (RRR) cut announced on Thursday by the central bank will free up more funds for loans, which can help boost the economy, according to Bankers Association of the Philippines (BAP) and Bank of the Philippine Islands (BPI) President Cezar P. Consing.
Metrobank net income climbs 49% in Q3
METROPOLITAN Bank & Trust Co.’s (Metrobank) consolidated net income jumped by 49% in the third quarter on the back of higher operating revenues, it said in a stock filing Friday.
BPI raises P3 billion from LTNCDs
BANK OF THE Philippine Islands (BPI) has raised over P3 billion from long-term negotiable certificates of time deposit (LTNCTD), which it listed on the Philippine Dealing and Exchange Corp. (PDEx) on Friday.
Banks maintain credit standards in third quarter
MOST BANKS kept their overall lending standards untouched for both enterprises and households, a central bank survey found.
Peso rises after RRR cuts
THE PESO strengthened on Friday on the back of a fresh reserve requirement ratio (RRR) cut announced by the central bank, as well as risk-on sentiment due to an unclear Brexit, which supported currencies in emerging markets.