Banking & Insurance
Treasury bond auction resumes on Tuesday after 2-week break
The Bureau of thel Treasury will resume next week the public offer of treasury bonds after a two-week hiatus to make way for the government's sale of 5-year retail treasury bonds.
BPI eyes optimal time to return to the debt market
The Bank of the Philippine Islands is watching the debt markets closely for that optimum moment when its entry best serves the need to...
Metrobank books 29% increase in net income in 2023; Investors to get higher dividends on better profitability
Metropolitan Bank & Trust Co. (Metrobank) posted record earnings of P42.2 billion, 28.9 percent higher year-on-year. This translated to a return on equity (ROE) of 12.5 percent, higher than 10.3 percent in 2022. Total consolidated assets expanded by 9.2 percent to P3.1 trillion in 2023, maintaining its status as the country’s second largest private universal bank.
Demand for treasury bills eased at Monday auction
Demand for treasury bills eased at the auction held by the Bureau of the Treasury (BTr) on Monday compared to previous weeks, with some...
GSIS posts P311 billion revenue in 2023; net income reaches P113.3 billion
The Government Service Insurance System (GSIS) reported a 33 percent increase in revenue to P311.3 billion from P234.9 billion, translating to a 70% percent surge in net income from P66.4 billion to P113.3 billion, and a 3,903 percent rise in total income from P3.6 billion to P143.4 billion compared to prior year.
