Banking & Insurance
Exiting foreign fund investors last year return in 1Q with $377 million
Speculative foreign investments that exited on net basis in the first three months last year returned in the first quarter this year and helped fuel a 15 percent turnaround in net foreign inflows totaling USD377.42 million.
BAP willing to sell PDS stake provided conditions are met
The Bankers Association of the Philippines (BAP) is willing to sell its stake in the Philippine Dealing System Corp. that owns the fixed-income trading market provided the right conditions are present.
Metrobank 1Q net income rise to P12 billion on loan, interest income growth
Metropolitan Bank & Trust Co., the country’s fourth largest lender by assets, said Tuesday net profit in the first quarter rose 15 percent to P12.0 billion on the back of increases in interest-earning assets and higher net interest margin.
BTR partially awards bond offer to cap interest rate rise
The Bureau of the Treasury rejected some of the bids for treasury bonds auctioned on Tuesday to help moderate the increase in average interest rates.
Bank of Commerce starts public offer of P5 billion fixed-rate bond
The Bank of Commerce started on Tuesday started the public offer of 1.5-year bonds that would raise at least P5 billion for the listed banking affiliate of...
