Banking & Insurance
Treasury awards entire P30 billion offered at bond auction
The Bureau of the Treasury awarded in full the P30 billion of 10-year treasury bonds it offered amid strong demand at Tuesday’s auction.
PLDT secures P4 billion green loan from Metrobank for fiber optic network expansion
PLDT Inc. said Tuesday it secured a P4 billion green loan from Metropolitan Bank & Trust Co., the first of this type of loan provided by a local lender to the Philippines’ leading integrated telecommunications network, to fund its fiber optic network expansion.
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.
