Banking & Insurance
AUB hits record P6.1B 1H net profit
Asia United Bank Corp. (AUB), the Philippines’ 12th largest lender, posted a record P6.1 billion net income for the first half, up 17 percent from P5.2 billion a year ago, nearly matching its full-year 2022 profit of P6.3 billion.
BDO raises P115B ASEAN Sustainability Bond offer
BDO Unibank Inc., the country’s largest lender by assets, said Tuesday it P115 billion through its fourth Peso-denominated ASEAN Sustainability Bond issuance, exceeding expectations with a subscription level 23 times higher than its initial P5 billion offering.
I-Remit narrows Q1 loss amid revenue collapse
i-Remit Inc., a listed fund transfer and remittance company servicing migrant Filipino workers, posted a net loss of P60.1 million in the first quarter, narrower than P104.5 million loss in the year-earlier period.
RCBC names ex-finance chief Dominguez as independent director
Rizal Commercial Banking Corp. (RCBC), the country’s sixth-largest lender by assets, has elected former Finance Secretary Carlos Dominguez as an independent director.
Treasury bill rates slipped amid easing hopes
Average rates on treasury bills were lower at Monday’s auction, reflecting expectations of further monetary easing by the Bangko Sentral ng Pilipinas (BSP).
