Banking & Insurance
Growth across all market segments push BDO income 28% higher in 2023
BDO Unibank Inc., the country’s largest lender, reported net income growing 28 percent in 2023 to P73.4 billion from only P57.1 billion in 2022, from growth across its core businesses.
PSBank income up 23% in 2023
The Philippine Savings Bank, the thrift banking arm of the Metropolitan Bank and Trust Co. (Metrobank), on Monday reported a record-high net income of...
BTr raises P584.86B from retail treasury bond offer
The Bureau of the Treasury (BTr) said Monday its raised a record P584.86 billion through the public offer of retail treasury bond (RTB), securing a large amount of funds the government needs to bridge the budget deficit gap.
PNB reports 55% rise in 2023 net profit to P18B on net interest gain
Philippine National Bank said Monday its net profit last year surged 55 percent to P18 billion on strong growth in net interest income and lower credit provisions.
BSP coin machines mark 145.5 million coins processed
The coin recirculation program of the Bangko Sentral ng Pilipinas (BSP) continues to gain public support as its coin deposit machines passed the 145.5 million mark in the number of coins received and processed as of 21 February 2024, or eight months after its launching in June 2023.
