Philippine National Bank (PSE: PNB) posted a consolidated net income of P18.5 billion for the first nine months of the year, a 23 percent increase from the year-earlier period, driven by growth in core lending, investment securities, and fee-based income.
The major groups representing government workers and retirees — the Philippine Government Employees Association (PGEA), the Philippine Alliance of Retired Educators (PARE), and the GSIS Retirees Association, Inc. (GRAI) — have declared their full support for GSIS president and general manager Wick Veloso.
The Bangko Sentral ng Pilipinas (BSP) and the Philippine Deposit Insurance Corp. (PDIC) have signed a revised memorandum of agreement (MOA) on bank examination to improve coordination in assessing the country’s banking institutions.