Metrobank to expand consumer lending
METROPOLITAN Bank & Trust Co. (Metrobank) is looking to increase the share of consumer loans in its total loan portfolio to help offset narrowing...
RCBC eyes P3B from bonds
RIZAL COMMERCIAL Banking Corp. is looking to raise at least P3 billion via three-year peso-denominated bonds, part of a fund-raising program that aims to extend the maturity of the bank’s liabilities and strengthen its liquidity ratios.
Banking supervision: CAMELS to SAFr in 2021
By Flor G. Tarriela
Today’s environment presents unprecedented challenges for the banking sector. The lingering uncertainties brought about by the constantly evolving economic and financial landscape require us to rethink the way we operate and respond to these attendant risks. Regulators are not exempted. Banking supervisors continue to step up efforts in strengthening supervisory, examination and enforcement powers and aligning regulations with international best practices.
T-bill rates may decline further as inflation slows
RATES of the Treasury bills (T-bills) on offer this week could ease further after Philippine headline inflation slowed to an over four-year low in...
Peso slips vs dollar
THE PESO weakened against the greenback on Monday as the market repositioned ahead of US President-elect Joseph R. Biden.’s first day in office.
Peso drops vs dollar as virus spreads in the US
THE PESO weakened versus the dollar on Tuesday as coronavirus disease 2019 (COVID-19) cases increased in the United States and after Metro Manila mayors recommended keeping current restrictions for the rest of the year.
Rate hike impact ‘manageable’ but not yet fully felt — DoF
THE IMPACT of interest rate hikes on the economy remains “manageable” but will be felt for the rest of the year, officials from the...
CIC’s rating system may boost lending, banks’ asset grade
LENDERS expect a recently introduced compliance rating system to boost banks’ lending and asset quality, and result in greater financial inclusion.
Last month, state-led Credit...
DBP to help fund Mindanao power plant
STATE-OWNED Development Bank of the Philippines (DBP) will help fund Liangan Power Corp.’s (LPC) hydroelectric power plant in Mindanao through a P1.1-billion term loan, the lender said in a statement on Friday.
Ayala CFO to take helm at BPI in 2021
Ayala Corp.’s Chief Finance Office Jose Teodoro “TG” K. Limcaoco is next in line to lead the conglomerate’s banking arm Bank of the Philippine Islands (BPI) next year.
Deutsche Bank to review CEO future amid clamor
DEUTSCHE BANK AG plans to clarify Chief Executive Officer John Cryan’s future Sunday as Chairman Paul Achleitner faces pressure from some key shareholders to...
PBCom Q2 net income inches down
PHILIPPINE BANK of Communications (PBCom) saw its net earnings slip by 0.38% in the second quarter due to lower trading and rent income.