Banking & Insurance
BDO posts P60.6B net profit in 9 months
BDO Unibank Inc., the country’s largest lender controlled by the Sy Group, posted a 12 percent increase in net profit to P60.6 billion for the first nine months, attributed primarily to the sustained performance of its core intermediation and fee-based service businesses.
UnionBank reports 76% jump in 3Q net income to P3.5B
Union Bank of the Philippines, the country’s 9th largest lender, reported Monday that the third quarter net income reached P3.5 billion, reflecting a 76 percent increase compared to the same quarter last year and a 14 percent rise from the second quarter.
Security Bank hosts business forum in Davao City
Security Bank recently convened its third 2024 Business Forum in collaboration with SyCip Gorres Velayo (SGV) & Co., focusing on "Unlocking Opportunities for Growth and Investment."
PNB’s net income up 12%
The Philippine National Bank, the country's 7th largest bank controlled by tycoon Lucio Tan, has reported a consolidated net income of P15.1 billion for the first nine months of 2024, marking a 12 percent increase compared to the same period last year.
Banks maintain loan standards amid mixed economic signals
A substantial majority of banks or 80.4 percent of their number reported maintaining their credit standards for business loans in the latest Q3 2024 iteration of the senior bank loan officers’ survey (SLOS) of the Bangko Sentral ng Pilipinas (BSP).
