Banking & Insurance
PH poised to lead in sustainable finance, ING Bank says
The Philippines is strategically positioned to harness the expanding momentum in sustainable finance, driven by strong economic stability and favorable market conditions, according to ING Bank in Manila. The country’s stable inflation, coupled with proactive monetary policies by the Bangko Sentral ng Pilipinas, has created an optimal environment for green financing.
T-bill yields mixed at auction
Treasury bill yields were mixed at Monday’s auction, with shorter-dated debt papers softening following the Bangko Sentral ng Pilipinas' decision to reduce banks’ reserve requirement ratio, effective later this month.
Security Bank posts record P11.2B net income in 2024
Security Bank Corp., the country 8th largest lender by assets, posted a record-high net income of PHP11.2 billion in 2024, a 23 percent year-on-year growth, driven by improve lending and fee-based income.
PSBank posts 15% more net income of P5.2B in 2024
Philippine Savings Bank (PSBank), the thrift banking arm of the Metrobank Group, has achieved record high net income of P5.21 billion for 2024, marking a 15 percent increase from the previous year’s P4.53 billion.
Banks poised for continued profit growth in 2025
Fitch Ratings has forecast continued strong profitability for the country's major banks in 2025, building on last year's solid performance.
