InstaPay, PESONet transfers reach P7.7 trillion as of March
TRANSACTIONS done via PESONet and InstaPay reached a total value of P7.69 trillion as of March, data from the Bangko Sentral ng Pilipinas (BSP)...
Inflation worries drag peso to over three-week low
THE PESO plunged to an over three-week low versus the dollar on Thursday on heightened concerns over the Middle East war, especially after the...
EastWest Bank sees ‘muted’ loan growth as war shock hits consumer sector
EAST WEST Banking Corp. (EastWest Bank) expects subdued lending this year as the Middle East war’s impact on consumption is expected to hit its...
Chinabank Q1 net profit climbs to P6.8 billion
CHINA BANKING Corp.’s (Chinabank) net profit increased by 4% to P6.8 billion in the first quarter, backed by strong growth in its core businesses...
BPI stays bullish on loan growth despite economic hit from war
BANK of the Philippine Islands (BPI) can still reach its 12-13% loan growth target for this year even as they expect the Middle East...
Banks’ assets grow to P29 trillion as of Feb.
PHILIPPINE BANKS’ total assets grew by 8.33% at end-February as they continued to grow their loan portfolios, Bangko Sentral ng Pilipinas (BSP) data showed.
Banks’...
Term deposit yield edges up on BSP hike bets
THE CENTRAL BANK’S one-week term deposits fetched a slightly higher average yield on Wednesday ahead of an expected rate hike by the Monetary Board...
Peso slides on concerns over Fed path, US-Iran ceasefire
THE PESO again sank to the P60 level versus the dollar on Wednesday as concerns over the US Federal Reserve’s future policy path added...
Central bank must tighten to stave off second-round inflation — GlobalSource
THE BANGKO SENTRAL ng Pilipinas (BSP) should begin tightening this week to manage inflation expectations and potential second-round price effects, GlobalSource Partners said.
“The evidence...
Security Bank aims to reduce own emissions by 2035
SECURITY Bank Corp. targets to reduce its own emissions by 62% by 2035 as part of its portfolio decarbonization push.
The bank wants to bring...
T-bonds fully awarded despite higher yields
THE GOVERNMENT fully awarded its reissued Treasury bonds on Tuesday, even as yields rose amid cautious investor sentiment ahead of a widely expected policy rate hike by the Bangko Sentral ng Pilipinas (BSP) this week.
Moody’s affirms UnionBank ratings
MOODY’S RATINGS has affirmed the credit ratings and outlook of Union Bank of the Philippines (UnionBank), citing the lender’s strong capital position and liquidity...