More US dollars exit Philippines, BOP reverts to deficit at $415M in April
More US dollars exited the Philippines in April with the balance of payments (BOP) position reverting to a deficit of $415 million, the biggest in almost a year, as the national government settled more foreign obligations.
Landbank lends P237B to agri sector in Q1
State-run Land Bank of the Philippines headed by bankero Cecilia Borromeo remains the biggest lender to the agriculture sector, with loans reaching P236.8 billion in the first quarter of the year.
BSP reaffirms commitment to strengthen ASEAN+3 regional cooperation
The Bangko Sentral ng Pilipinas (BSP) has reaffirmed its commitment to strengthen ASEAN+3 regional cooperation.
Robinsons Bank to name new independent director
Robinsons Bank Corp. headed by Elfren Antonio Sarte is set to name Ernesto Santiago as a new independent director.
Caloocan-based thrift bank delays annual stockholders’ meeting by 1 month
Philippine Business Bank (PBB) led by bankero Rolando Avante has delayed its annual stockholders’ meeting by one month due to the unavailability of supporting and material documents to submit preliminary information sheet.
Gotianuns beef up stake in EastWest
The Gotianun siblings beefed up their shareholdings in East West Banking Corp. led by bankero Tony Moncupa Jr.
BDO says BSP sanctions no impact on its financial condition
BDO Unibank Inc. led by bankero Nestor Tan said the sanction imposed by the Bangko Sentral ng Pilipinas (BSP) has no material impact on the financial condition of the country’s largest lender.