Banking & Insurance
PNB declares ₱1.10 special dividend on top of 20% regular dividend payout
The Philippine National Bank (PNB) announced Friday that its board of directors has approved the declaration of a special cash dividend of ₱1.10 per common share, representing approximately 7% percent of its 2025 net income.
Banks to build releasable capital buffer for crisis lending
The Bangko Sentral ng Pilipinas (BSP) has approved a new rule (Circular No. 1235) establishing the Positive Neutral Countercyclical Capital Buffer (PN-CCyB), a mechanism designed to support steady lending even during economic stress.
State Street to open new Manila office in 2H
State Street Corp. said it will open a new office in Manila in the second half of 2026, marking a major expansion of the global financial services firm’s Asia-Pacific operations.
Manulife Philippines taps Manish Sangal to drive AI
Manulife Philippines has appointed Manish Sangal as deputy chief executive officer as the insurer strengthens its leadership team and accelerates its digital transformation strategy in the Philippine market.
BPI considers Blue Bonds to fund water projects
Bank of the Philippine Islands (BPI) is weighing the issuance of blue bonds as part of its growing focus on sustainable finance, signaling rising investor interest in water-related initiatives.
