Following the eight-point socioeconomic agenda of the Marcos administration, Budget Secretary Amenah Pangandaman is spearheading the First 100-day Roadmap on Digitalization to enhance bureaucratic efficiency and ensure sound fiscal management.
The earnings of China Banking Corp. led by bankero William Whang reached a record P5 billion in the second quarter, translating to a 39 percent jump in net income to P10.1 billion in the first semester of the year.
The maiden peso bond offering of Bank of Commerce led by bankero Michelangelo Aguilar successfully raised P7.5 billion.
The exposure of BDO Unibank Inc. led by bankero Nestor Tan to a company controlled by Davao-based businessman Dennis Uy is secured and a possible default would have no adverse effect on the country’s largest bank.
State-owned Development Bank of the Philippines (DBP) headed by bankero Emmanuel Herbosa is extending up to P2.6 billion funding facility to Kiangan Mini Hydro Corp. (KMHC) for the development of the Asin-Hungduan and Ibulao1 mini hydro power projects in Kiangan, Ifugao.
State-run Land Bank of the Philippines led by bankero Cecilia Borromeo has approved P747.9 million worth of loans to local government units (LGUs) in the province of Biliran.
TRENDING ON BIG BANKS
Philippine Saving Bank (PSBank) led by bankero Jose Vicente Alde has rewarded shareholders with a cash dividend of P0.75 per share for the second quarter of the year.
Philippine Business Bank (PBB) headed by bankero Rolando Avante has landed veteran auditor Marily Cabuco, former chief audit executive of Toyota Financial Services Philippines Corp. (TFSPH).
Philippine Business Bank (PBB) led by bankero Rolando Avante has been given more time by the Securities and Exchange Commission (SEC) to submit the required reports to the regulator.
Bank of the Philippine Islands (BPI) led by bankero TG Limcaoco is further expanding the footprint of its microfinance arm nationwide to reach out to more unserved and underserved communities nationwide, particularly self-employed microentrepreneurs (SEMEs).
TRENDING ON THRIFT BANKS
State-run Philippine Deposit Insurance Corp. (PDIC) said that the post-pandemic data on the growth in deposits in the rural banking sector point to strong depositor confidence in small banks amid great uncertainty.
Government-owned Land Bank of the Philippines led by Cecilia Borromeo has launched a new lending program to help fast-track the recovery of countryside financial institutions (CFIs) adversely affected by the onslaught of typhoon Odette last December.
The Bangko Sentral ng Pilipinas (BSP) has shuttered eight problematic banks this year after ordering the closure of Rural Bank of Polomolok Inc. based in South Cotabato.
Cebuana Lhuillier has partnered with Element Inc. to provide electronic Know-Your-Customer (eKYC) services to all Filipinos, enabling online registration for digital financial products.
TRENDING ON RURAL BANKS
The leading open finance platform arm of Union Bank of the Philippines headed by bankero Edwin Bautista cemented its role in empowering women in business by signing a groundbreaking partnership agreement with Women’s Business Council Philippines (WomenBizPH) and mobile financing powerhouse SeedIn.
Bank of the Philippine Islands (BPI) head by bankero TG Limcaoco has partnered with Ayala Foundation Inc. (AFI) for a donation drive that aims to encourage BPI cardholders to donate to promote arts and culture in the country.
With the goal of honing the youth to be entrepreneurial and financially literate, Rizal Commercial Banking Corp. (RCBC) headed by bankero Eugene Acevedo through its digital finance inclusion super app DiskarTech launches DiskarTechPreneur, a financial literacy bootcamp and business case competition open to senior high school students.
TRENDING ON SOCIAL INTEREST
- They’re growing strawberries in Negros and Japan helps make it happen
- PDIC enhances services to clients through 2 offices
- Wealth management arm of BPI named Philippines’ Best Asset Manager
- Fintech offers study-now-pay-later plans for yuppies
- BSP holds multi-stakeholder consultation on the plastic P1,000 bill