Banking & Insurance
PNB 2022 net income dropped 63% on lower one-off gains
Philippine National Bank said Monday net income last year dropped 63 percent year-on-year to P11.6 billion, with the double-digit growth in total operating income not enough to cover the one-off gains from properties-for-shares swap booked in 2021.
Customs on track to hit Q1 collection goal
The Bureau of Customs (BOC), the government’s second largest tax unit, is on track to meet its first-quarter collection target on the back of better tax compliance.
Filinvest eyes loans from Landbank for various projects
Gotianun-led Filinvest Group of Companies is tapping state-run Land Bank of the Philippines to finance the conglomerate’s business ventures in real estate, power and...
BSP reiterates Philippine banks have no exposure to failed US banks
The Bangko Sentral ng Pilipinas (BSP) on Friday reiterated that Philippine banks do not have any material exposure to the collapsed Silicon Valley Bank...
UnionBank pegs 2023 capex at P5B
Union Bank of the Philippines of the Aboitiz Group has set aside P5 billion as capital expenditures this year.
