Banking & Insurance
CBS net income hits P1.2B in 1H
China Bank Savings (CBS), the thrift banking arm of China Banking Corp. (CBC), posted a 19 percent growth in net income to P1.2 billion for the first half of 2025, reinforcing its track record of annual record profits since 2021.
Metrobank 1H net profit rises 5% to P24.8B
Metropolitan Bank & Trust Co. (Metrobank) reported a 5 percent growth in net income of P24.8 billion in the first half of 2025, driven by strong loan growth, rising margins, and higher trading gains.
Insurer reaffirms trust with P2.3B in benefit payouts
Life insurer Pru Life UK reported disbursing more than P2.3 billion in benefit payouts in 2024, including P1.2 billion in death benefits and P1.052 billion in living benefits, reflecting the company’s financial strength and growing role in safeguarding over two million Filipino policyholders.
BSP keeps cautious inflation outlook, signals steady policy path
The Bangko Sentral ng Pilipinas (BSP) has maintained a largely unchanged inflation outlook in its July 2025 price survey, projecting the headline rate to remain within a modest range of 0.5 percent to 1.3 percent, reflecting subdued price pressures and a cautious monetary stance.
TikTok loans target financing gap for small sellers
TikTok Shop and GoTyme Bank on Thursday launched TikTok Shop Loans, a fast and flexible financing service tailored specifically for micro, small, and medium enterprises (MSMEs) in the Philippines.
