Banking & Insurance
PSBank strong Jan-Sep income driven primarily by auto loans
Philippine Savings Bank, the thrift banking unit of the Metrobank Group, said Monday net income in the nine months through September rose 18 percent year-on-year, pushed higher by the steady expansion of its core businesses, particularly car loans.
CalPERS to double climate investments, consider asset sales
California's top public pension system on Friday said it will more than double its climate-focused investments to $100 billion by 2030 and consider selling stocks in companies with poor plans for the energy transition.
Banks kept loan standards steady in 3Q
The bulk of the country's banks, when extending loans to households or businesses, have kept their lending standards unchanged in the third quarter, the Bangko Sentral ng Pilipinas said.
Metrobank gets earnings boost from assets expansion, margins
Metropolitan Bank & Trust Co. said Friday asset expansion, better margins and increased non-interest income drove net income in the first nine months 36 percent higher to a record-high P31.8 billion.
MB heads off expanded price pressures with off-cycle policy rate adjustment to 6.5%
The regular meeting of the monetary board (MB) of the Bangko Sentral ng Pilipinas (BSP) on Thursday turned into a rate-setting meeting instead as the six-man MB raised the rate at which it lends to banks by 25 basis points to 6.5 percent, effective tomorrow, Friday, 27 October.
