Banking & Insurance
EastWest Bank reports record net income of P7.6B for 2024
EastWest Banking Corp. posted record-high net income of P7.6 billion for 2024, a 25 percent increase over the year prior.
T-bill rates rise at auction after BSP pause
Average rates of treasury bills rose at the auction held Monday, with the dealers of government securities driving up yields after the Bangko Sentral ng Pilipinas decided last week to hit the pause button on monetary policy easing.
Markets price in BSP rate cut amid economic pressures – Manulife
The Philippine equity markets are factoring in a potential 25-basis-point (bps) rate cut by the Bangko Sentral ng Pilipinas (BSP) at its upcoming policy meeting this Thursday, according to Manulife Investment Management Philippines.
CIMB Bank aims for 10M clients this year
CIMB Bank PH, the country’s top digital-only bank, has surpassed 9 million customers in only six years after its launch. The achievement underscores its success in providing accessible, innovative banking solutions to millions of Filipinos, and positions it to exceed 10 million customers by 2025.
Bank lending sees robust growth of 12.2% in December 2024
Bank lending posted a notable year-on-year increase of 12.2 percent in December 2024, up from 11.1 percent in November, according to preliminary data released by the Bangko Sentral ng Pilipinas (BSP).
