Banking & Insurance
Metrobank 1Q net income rise to P12 billion on loan, interest income growth
Metropolitan Bank & Trust Co., the country’s fourth largest lender by assets, said Tuesday net profit in the first quarter rose 15 percent to P12.0 billion on the back of increases in interest-earning assets and higher net interest margin.
BTR partially awards bond offer to cap interest rate rise
The Bureau of the Treasury rejected some of the bids for treasury bonds auctioned on Tuesday to help moderate the increase in average interest rates.
Bank of Commerce starts public offer of P5 billion fixed-rate bond
The Bank of Commerce started on Tuesday started the public offer of 1.5-year bonds that would raise at least P5 billion for the listed banking affiliate of...
Treasury bill yields mostly lower on strong demand at Monday’s auction
Treausury bill yields were mostly lower at the auction Monday, with strong demand taming rates on the shorter maturities.
Gov’t budget shortfall narrows in March, widens in 1Q
The Bureau of the Treasury (BTr) on Monday reported a narrower budget deficit in March as higher tax collection and dividend remittances from government corporations overshadowed the increase in spending.
