Metropolitan Bank & Trust Co. (Metrobank), one of the country’s largest, has signed a P5 billion loan with ACEN, the listed energy platform of the Ayala group, to fund renewable energy expansion projects across the country.
Rizal Commercial Banking Corp. said Tuesday net profit in the nine months declined to P9.03 billion from P10.06 billion in the year-earlier period, hurt by the faster growth in expenses.
The Bureau of the Treasury (BTr) awarded the entire P15 billion borrowing program for treasury bills at the auction on Monday as yield declined after inflation decelerated in October.