Peso may weaken on mixed data
THE PESO may weaken against the dollar this week on the back of mixed US economic data, hawkish remarks from the US Federal Reserve...
UCPB sees 15-20% net income growth this year driven by consumer business
By Melissa Luz T. Lopez,
Senior Reporter
THE United Coconut Planters Bank (UCPB) is looking to sustain double-digit income growth this year via robust consumer loans,...
Yields on gov’t debt mixed as Draghi turns hawkish
By Mark T. Amoguis, Researcher
YIELDS on government securities (GS) ended mixed last week amid hawkish sentiments from the European Central Bank after its first...
Fitch upgrades Landbank, DBP credit ratings anew
FITCH RATINGS upgraded state-owned Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP) to a notch above the minimum investment...
UnionBank posts lower income in 2017
UNIONBANK of the Philippines (UnionBank) booked a lower net income in 2017 despite positive recurring income across all its business segments.
In a disclosure to...
China Bank Securities sees 75% revenue growth this year
CHINA BANK Securities Corp., the stock brokerage arm of China Bank Capital Corp. (CBCC), is looking at a 75% growth in its revenues this...
Thrift banks post higher NPLs at end-Nov.
BAD DEBTS held by thrift banks picked up in November to outpace the growth in total loans, latest data from the Bangko Sentral ng...
Peso weakens as Trump backs strong dollar
THE PESO weakened against the dollar on Friday on the back of President Donald J. Trump’s statement on a stronger dollar and dovish remarks...
EastWest eyes P15B from LTNCDs
EAST WEST Banking Corp. (EastWest Bank) is looking to raise up to P15 billion by selling peso-denominated long-term negotiable certificates of deposit (LTNCD).
In a...
Dollar still king as supply of cold cash soars unabated
THE TRUMP administration may have softened the US’ strong dollar policy and sent the greenback lower, but the supply of cold, hard American cash...
Peso strengthens on US protectionism worries
THE PESO strengthened against the US currency on Thursday as the dollar slumped due to concerns over the United States government’s protectionist trade policies,...
RCBC ties up with eCurrency for digital money
RIZAL COMMERCIAL Banking Corp. (RCBC) is set to launch a digital money product, in partnership with eCurrency Mint Limited, within the second quarter of...