Banking & Insurance
Maynilad secures P10B Metrobank loan to fund 2024 capex
West Zone concessionaire Maynilad Water Services Inc. has tapped the Metropolitan Bank & Trust Co. for a P10 billion loan to bankroll its capital requirements and better to provide water service coverage and availability to consumers this year and beyond.
National Reinsurance board approves increase in directors’ stipends for meetings
Directors of the National Reinsurance Corp. of the Philippines have approved a proposal that will increase remunerations for company meetings they will attend.
RCBC completes nationwide branch upgrade
The Rizal Commercial Banking Corp. (RCBC) is seen completing an upgrade program converting 118 branches to the new branch of today (BOT) format.
Country Builders rebrands as ‘Top Bank’
Country Builders Bank, Inc. on Tuesday bared a new image and has rebranded as Top Bank Philippines, Inc. (A Rural Bank). Its reinvention marks the start of a new era defined by its commitment to exceptional service.
Treasury bill yields lower at Monday’s auction on strong demand
The Bureau of the Treasury saw lower yields at Monday’s auction on strong demand, allowing it to fully award the entire P15 billion offering to government securities eligible dealers.
