Banking & Insurance
Consumer lending propels EastWest Bank earnings in 2023
The decision last year of the Gotianun Group’s EastWest Bank to focus on consumer lending and growing its deposit base paid handsome dividends as this helped lift net income by 32 percent to P6.1 billion.
BDO declares property dividend, lifts dividend rate for common shares
BDO Unibank, the country’s largest lender by assets, said Friday its board approved an increase in regular cash dividend and the declaration of property dividends.
GCash claims having nearly 500k GStocks subscribers
G-Xchange Inc., which owns GCash, on Thursday claimed nearly half a million users of its GStocks as it ramped up the reach of its stock investment platform.
Two-month cash remittances rise 2.8% to $6.1 billion
The personal remittances of overseas Filipinos, an important source of liquidity helping drive consumption activities, grew 3 percent in February this year to USD2.95 billion.
BTr rejects all tenders for 20-year debt
The Bureau of the Treasury rejected all the bids for the bonds, originally issued as 20-year debt, refusing to allow the market to push yields higher.
