Banking & Insurance
GSIS posts 1Q net income of P37 billion
The Government Service Insurance System (GSIS) on Wednesday reported net income of P37 billion in the first three months this year, a 21 percent...
Treasury partially awards 20-year bond offer; allows average rate to rise above 7 percent
The Bureau of the Treasury allowed the average yield on bonds originally issued as a 20-year government debt paper to rise above 7 percent after rejecting most of the bids at Tuesday’s auction.
RCBC sees loan portfolio surging to P160-B this year
The Rizal Commercial Banking Corp. (RCBC) projects a 27 percent surge in its total loan portfolio (TLP) from P126 billion in 2023 to P160 billion this year, driven largely by targeted campaigns and innovative special programs.
Over US$700 Million Invested in digital banking sector
Global and local investors have poured over USD700 million into the digital banking sector, setting a new milestone that underscores the industry's robust growth and its potential to reshape the digital financial landscape.
Treasury bill yields continue rise; P15B offer awarded in full
Treasury bill rates crawled higher at the auction Monday with still building inflationary pressure affecting market sentiment.
