Banking & Insurance
Treasury bill yields rise at auction; P15 billion offer awarded in full
The Bureau of the Treasury allowed treasury bill yields to move higher as it awarded the entire P15 billion it offered at Monday’s auction
CIMB Bank earns ‘Most Trusted Bank’ citations from prestigious institutions
The new year has set CIMB Bank Philippines off to a good start having recently been cited as the Most Trusted Bank in the Philippines by the award-giving bodies Global Business & Finance Magazine and The Enterprise’s EPOCH Awards. The citations are testament to CIMB’s brand of service to its 7.5 million customers in the Philippines since 2018.
Bank loans accelerate 7 percent in November
The various banks extended loans 7.4 percent higher in November last year aggregating P11.1 trillion, the Bangko Sentral ng Pilipinas (BSP) said, citing preliminary data.
Government eyes P45 billion from treasury issuances next week
The government will raise next week P45 billion through the auction of treasury bills and bonds for budgetary support.
Maya dangles 6% return on time deposits
Maya Philippines Inc., the financial technology company backed by the PLDT group, on Tuesday bared an app-based time deposit product offering high returns. It is marketed as ideal for building savings and the efficient management of funds.
