Banking & Insurance
PNB issues $300M sustainability notes
The Philippine National Bank said Thursday it raised USD300 million through a five-year senior notes offering to fund its future growth. The debt notes are part of PNB’s USD2 billion medium term note program.
BSP cuts interest rates again to foster growth amid easing inflation
The Bangko Sentral ng Pilipinas (BSP) on Wednesday announced a 25 basis point reduction in its key interest rates, lowering the target reverse repurchase rate to 6 percent.
EastWest Bank and experts discuss the future of the economy and real estate
EastWest Banking Corp., in collaboration with industry experts, successfully hosted an economic briefing at Solaire Resort North in Quezon City focusing on the evolving Philippine economic landscape and real estate trends.
Overseas Filipino remittances rise in August
Personal remittances from overseas Filipinos (OFs) saw a robust growth of 3.3 percent in August 2024, reaching USD3.20 billion, up from USD3.10 billion in August 2023.
PBCom launches P2B peso bond offering
The Philippine Bank of Communications on Monday launched its inaugural peso bond issuance with an initial size of P2.0 billion with an oversubscription option to diversify its funding sources and support loan growth.
