Philippine National Bank (PSE: PNB) posted a consolidated net income of P18.5 billion for the first nine months of the year, a 23 percent increase from the year-earlier period, driven by growth in core lending, investment securities, and fee-based income.
The major groups representing government workers and retirees — the Philippine Government Employees Association (PGEA), the Philippine Alliance of Retired Educators (PARE), and the GSIS Retirees Association, Inc. (GRAI) — have declared their full support for GSIS president and general manager Wick Veloso.
The Bangko Sentral ng Pilipinas (BSP) and the Philippine Deposit Insurance Corp. (PDIC) have signed a revised memorandum of agreement (MOA) on bank examination to improve coordination in assessing the country’s banking institutions.
Bangko Sentral ng Pilipinas (BSP) Monetary Board Member Rosalia V. De Leon has highlighted Northern Mindanao’s growing potential as an investment destination, citing the region’s strong economic performance and expanding opportunities.