PNB seeks to double return on equity in 3 years
PHILIPPINE National Bank (PNB) wants to double its return on equity (RoE) within three years as it plans to put more focus on consumer finance and upgrade its subsidiaries in the coming years.
Manulife Philippines appoints new president
THE LOCAL UNIT of Canada-based Manulife Financial Corp. has appointed a new top official.
EastWest Bank earnings climb in Q2
EAST WEST Banking Corp. (EastWest Bank) booked higher earnings in the second quarter, driven by higher income from fees and commissions, trading gains, and lower credit costs.
NRCP posts higher net income
NATIONAL Reinsurance Corporation of the Philippines (NRCP) posted a higher net income in the second quarter amid a climb in its underwriting profit as its premiums rose.
Peso recovers vs dollar as Trump delays tariffs
THE PESO appreciated on Wednesday after the United States put off its implementation of additional tariffs on Chinese goods to December.
Gov’t fully awards offer of 10-year bonds
THE GOVERNMENT fully awarded the reissued 10-year Treasury bonds (T-bond) it offered on Tuesday, with rates dropping following signals from the central bank chief on another policy rate cut and further reductions to lenders’ reserve requirement ratios (RRR).
BSP sees no immediate hike in ATM fees as moratorium ends
THE CENTRAL BANK chief quelled market speculations of an impending hike in fees for transactions conducted through banks’ automated teller machines (ATMs).
Security Bank looks to raise P5 billion through long-term deposit certificates
SECURITY BANK Corp. is looking to raise P5 billion through the issuance of long-term negotiable certificates of deposit (LTNCD) to manage its liabilities and expand its funding base.
BDO sees steady loan growth
BDO UNIBANK, Inc. expects its loan portfolio to continue to grow by single digits this year, its top official said on Tuesday.
Rediscount loans go up
BANKS CONTINUED to take out loans from the central bank’s rediscount window in July, with the credit going to commercial, production and other transactions.
Peso weakens further
THE PESO weakened on Tuesday as protests in Hong Kong dented sentiment, causing markets to flock to safe havens.
T-bond rates to decline on BSP’s dovish stance
THE GOVERNMENT will likely see lower yields for the reissued 10-year Treasury bonds (T-bond) to be auctioned off today following the central bank’s rate cut and amid dovish signals from the Bangko Sentral ng Pilipinas’ (BSP) chief.