Banking & Insurance
BSP updates banks on foreign exchange rules
The Bangko Sentral ng Pilipinas (BSP) held an information session for the banking industry to strengthen compliance and promote sound practices in foreign exchange (FX) transactions.
UnionBank net profit surges in 3Q
Union Bank of the Philippines (UnionBank), the country’s 10th largest lender by assets, posted a third-quarter net income of P3.2 billion, a 77 percent...
Nat Re directors quit amid GSIS turmoil
National Reinsurance Corp. of the Philippines (Nat Re), the country’s sole domestic reinsurer, said two members of its board of directors—Emmanuel de Leon Samson...
BDO profit rise to P63.1B in 9 months
BDO Unibank Inc. (BDO), the country’s largest lender by assets, reported a net income of P63.1 billion in the first nine months of 2025,...
Core lending, fee drive PNB net income higher
Philippine National Bank (PSE: PNB) posted a consolidated net income of P18.5 billion for the first nine months of the year, a 23 percent increase from the year-earlier period, driven by growth in core lending, investment securities, and fee-based income.
