Sunday, 13 July 2025, 5:17 am

Banking & Insurance

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.

BSP warns of fictitious P150 banknotes

​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 remains bullish on Philippines, sees 6.2% GDP growth

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.

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