Banking & Insurance
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.
Ex-Senator Drilon joins BDO’s board as director
Former Senate President Franklin Drilon is joining the board of BDO Unibank Inc. as independent director, the country’s largest bank by assets said Wednesday.
UnionBank relaunches credit card business
The Union Bank of the Philippines has relaunched its Citi credit card business and bared four new products under the UnionBank brand to cater to the different needs and lifestyles of its customers.
