Banking & Insurance
Union Bank core lending bolsters Q1 profit
Union Bank of the Philippines, the country’s 9th largest lender by assets, reported a sharp rebound in earnings for the first quarter, with net income more than doubling to P3.8 billion as core lending and digital-driven revenues offset market volatility.
PNB posts higher Q1 profit on loan growth, steady income
The Philippine National Bank (PNB) reported a net income of ₱6.37 billion in the first quarter of 2026, up 5 percent from a year ago, driven by steady growth in its core businesses.
RCBC exec urges agile rules for Asia banking
Lito Villanueva, executive vice president and chief innovations and Inclusion of Rizal Commercial Banking Corp., the country’s 6th largest lender by assets, called for stronger cross-industry collaboration and more adaptive regulation to accelerate digital banking across Asia.
Security Bank, partners expand access to Isuzu vehicles in Mindanao
Security Bank has teamed up with SBM Leasing Inc. and North-Min Auto Dealership, Inc. (NMADI) to make it easier for businesses in Mindanao to acquire Isuzu commercial vehicles through flexible financing.
BDO earnings rise to P20.1B despite higher provisions
BDO Unibank, Inc. on Friday reported a net income of ₱20.1 billion in the first quarter of 2026, up 2 percent from ₱19.7 billion a year earlier, driven by steady performance across its core businesses.
