Banking & Insurance
MB green lights $2.87-billion public sector foreign borrowings in 1Q 2024
The policy-making Monetary Board of the Bangko Sentral ng Pilipinas (BSP) on Monday approved USD2.87 billion worth of foreign borrowings by the public sector in the first three months of the year.
EastWest breaks new ground in digital banking with AI chatbot ESTA
EastWest Bank, one of the fastest-growing banks in the country and a pioneer in Philippine digital banking solutions, announces the latest updates on its...
Philippine Business Bank net income rises to P1.82 billion on loan growth
The Philippine Business Bank said Monday its net income last year surged 39 percent to P1.82 billion, fueled by higher net interest income traced to a growing loan portfolio.
CBS rises to second largest thrift bank in the country
CBS China Bank Savings has moved up two notches in the Bangko Sentral ng Pilipinas’ 2023 ranking of thrift banks in terms of total assets. From top four in 2022, CBS is now the second largest thrift bank with P153.45 billion in resources as of 31 December 2023.
Treasury bill yields continue rise; one-year paper top 6% at Monday’s auction
Treasury bill yields were up at the auction Monday after the central bank last week kept overnight rates high on lingering concern over further inflation acceleration.
