Banking & Insurance
Partners introduce “insure now, pay later” scheme
UBX, the fintech arm of Aboitiz-led Union Bank of the Philippines, has partnered with Etiqa Philippines to introduce an “Insure now, Pay later” scheme in the Philippines.
Country Builders Bank named Best Micro Finance Bank
Country Builders Bank (CBB) has been named the Best Micro Finance Bank in the Philippines for 2023 by the London-based Global Banking & Finance Review.
LandBank profit jumps 38% to record P30.1B, beats guidance
The earnings of state-run Land Bank of the Philippines jumped by 38.2 percent to an all-time high of P30.1 billion last year from P21.7 billion in 2021, exceeding its P25.7 billion target by P5 billion.
GSIS posts non-life premium worth P6.8 B in 2022
The Government Service Insurance System (GSIS) on Monday reported gross premiums written (GPW) in its non-life insurance business for 2022 worth P6.8 billion, the highest ever recorded by GSIS in its history.
Top 3 listed banks grow loan portfolio in 4Q
BDO Unibank, Bank of the Philippine Islands, and Metropolitan Bank & Trust Co.—the largest, second and fourth largest lenders by assets, according to a central bank report—also reported improvements in their nonperforming loan ratios on the growth of the loan portfolio and the steady or lower nonperforming loans.
