Bank of Commerce Q1 profit more than doubles to P360.6M

The net income of Bank of Commerce led by bankero Michelangelo Aguilar more than doubled to P360.6 million in the first quarter of the year from P146.3 million in the same quarter last year from the continued strong core business activities despite the continuing local and international market volatilities.

Security Bank Q1 profit zooms 66% to P2.7B

The earnings of Security Bank Corp. led by bankero Sanjiv Vohra zoomed 66 percent to P2.8 billion in the first quarter of the year on the back of the robust core businesses, lower credit provisions, as well as normalized income tax provisions.

Landbank sets P50B loan program for crisis-affected enterprises

State-run Land Bank of the Philippines headed by bankero Cecilia Borromeo has launched a new P50 billion loan offering to assist enterprises against economic disruptions caused by natural calamities or man-made conflicts such as the ongoing strife in Europe, civil wars, and disputes among nations.

OFW remittances up more than 3% in March

The amount of money sent home by overseas Filipino workers (OFWs) to their loved ones in the Philippines grew by more than three percent in March, according to the Bangko Sentral ng Pilipinas (BSP).

EastWest Bank keeps P4B profit guidance even if Q1 earnings plunged 75%

East West Banking Corp. led by bankero Tony Moncupa is sticking to its P4 billion profit guidance for this year even if its earnings plunged by 75 percent to P507.6 million in the first quarter of the year from P2 billion in the same quarter last year due to lower fixed-income trading revenues and lower income from loans.