Banking & Insurance
China Bank posts record P22 billion net profit in 2023, up 15%
China Banking Corp., one of the lenders owned by the Sy Group, said Tuesday net profit in 2023 rose 15 percent to a record P22 billion on double-digit growth in net interest income and lower provisions for possible loan losses.
GoTyme Bank seeks distinction as first among lenders accredited under BSP’s coin deposit machine program
Digital-only GoTyme Bank on Monday bared optimism in catching the distinction as the first among lenders to be accredited under the massively popular coin deposit machine program of the Bangko Sentral ng Pilipinas (BSP)
Treasury bill yield continue rise at auction Monday; yield on 182-day paper capped
Treasury bill rates rose at the auction Monday, tracking higher yields in the secondary debt market.
Growth across all market segments push BDO income 28% higher in 2023
BDO Unibank Inc., the country’s largest lender, reported net income growing 28 percent in 2023 to P73.4 billion from only P57.1 billion in 2022, from growth across its core businesses.
PSBank income up 23% in 2023
The Philippine Savings Bank, the thrift banking arm of the Metropolitan Bank and Trust Co. (Metrobank), on Monday reported a record-high net income of...
