Banking & Insurance
Metrobank net income rises 48% to P32.8 billion in 2022; High dividend payout sustained on strong capital position
Metropolitan Bank & Trust Co. (Metrobank) delivered strong results in 2022 with a 48 percent increase in net income to P32.8 billion on the...
20 poorest provinces 2022 recipients of P261.7B LANDBANK loans
The Land Bank of the Philippines (LANDBANK) on Tuesday bared outstanding loans to the agriculture sector reaching P261.7 billion in 2022, a 5.5 percent growth from only P247.9 billion the previous year.
BSP shuts down unregistered MSBs
The money service business (MSB) of a Boholano and a Negrense were the subject of an irate Bangko Sentral ng Pilipinas (BSP) which has proceeded to ban them and any of their representatives from doing any more business with the public.
PSA, LANDBANK tie up reduces number of unbanked Filipinos
The Philippine Statistics Authority and state-owned Land Bank of the Philippines have moved the needle in reducing the number of unbanked Filipinos through a co-location strategy that has introduced financial services to around 8.4 million persons registered with the statistics agency.
GCG says proposed Maharlika Fund may be under its purview
The Governance Commission for GOCCs, or GCG, has expressed concern that sourcing funds for the proposed sovereign wealth fund, Maharlika Investment Corp., from government-owned and controlled corporations (GOCCs) as well as from government financial institutions could affect their respective investment strategies and, consequently, their future financial performance.
