Banking & Insurance
Consumer lending continues to drive EastWest Bank income
EastWest Banking Corp., the country’s 11th largest lender by assets and led by the Gotianun Group, on Tuesday reported steady expansion of its consumer lending activities and strategic digital initiatives and continued to deliver dividends, nudging first-quarter net income to P1.7 billion from P1.6 billion the year-earlier period.
IFC targets growing PH non-life insurance market by investing in a special purpose vehicle
The International Finance Corp., the private sector investment arm of the World Bank, has invested USD10 million in a consortium of investors led by...
Chinabank net income jumps 18% to P5.9B in Q1
China Banking Corporation earned P5.9 billion in the first quarter of 2024, 18 percent higher compared to the same period last year, on the robust growth of its core businesses.
Treasury bill yields ease at auction on strong demand
Treasury bill yields were lower at the auction Monday, with demand for shorter-dated government securities strong ahead of the release of April inflation data.
PSBank sustains earnings growth with 23% gain in 1Q net income
Philippine Savings Bank, the thrift banking arm of the Metrobank Group, said it sustained in the first quarter the strong earnings momentum it saw in 2023, with net income in the January-March period rising 23 percent to P1.2 billion on steady expansion of its loan portfolio.
