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.
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.
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.
The Bangko Sentral ng Pilipinas iis warning the public that it has not released a P150-denomination banknote featuring Dr. Jose Rizal. Images of the said banknote circulating on social media are fictitious.
Citi, a leading global bank and the largest foreign bank in the country, retains a positive outlook on the Philippines amid a challenging year ahead for the global economy.