Banking & Insurance
CIMB Bank PH generates P60-B new deposits with 25% interest rate promo
CIMB Bank Philippines, a digital-only bank, attracted P60 billion in new deposits in just two months under a promotional campaign offering a 25 percent annual return on customer deposits.
Meralco secures P75B credit line for energy expansion
The Manila Electric Co. (Meralco) has secured a P75 billion credit facility to finance key investments, including the acquisition of energy assets and other corporate initiatives.
Asialink Finance, IFC partners in $130 million deal boosting women entrepreneur MSME lending
Asialink Finance Corporation (AFC), a major financne player, has secured a USD130 million investment from the International Finance Corporation (IFC), the World Bank Group's private-sector arm.
RCBC sets terms of USD bond issue; pricing later Tuesday
Rizal Commercial Banking Corp., the Philippines' sixth-largest bank by assets, on Tuesday set the terms of the benchmark-sized US dollar-denominated senior unsecured sustainability notes it plans to issue on 28 January.
Treasury bill yield eases at Monday auction on strong demand
Treasury bill rates averaged lower at Monday’s auction, with demand for short-term debt papers driven higher by anticipation of further monetary policy easing by the Bangko Sentral ng Pilipinas.
