Corporate
Top 3 listed banks grow loan portfolio in 4Q
BDO Unibank, Bank of the Philippine Islands, and Metropolitan Bank & Trust Co.—the largest, second and fourth largest lenders by assets, according to a central bank report—also reported improvements in their nonperforming loan ratios on the growth of the loan portfolio and the steady or lower nonperforming loans.
UnionBank raises P12B from stock rights offer; listing on Feb. 6
Union Bank of the Philippines said Friday it has completed a stock rights offer that raised P12 billion for the country’s 9th largest lender by assets.
Robinsons Retail plans up to P7B Capex this year
Robinsons Retail Holdings Inc., the retail arm of the Gokongwei Group, is increasing capital expenditure this year to as much as P7 billion from P4.74 billion as it expands its retail network on expectation of strong economic growth and consumer spending.
Roxaco Land resumes Tagaytay, Nasugbu projects stalled by pandemic
Roxaco Land Corp., a subsidiary of Roxas and Co., Inc., said Thursday it has embarked on an aggressive expansion program for its real estate and hospitality units.
Robinsons Retail 2022 net profits of P5.74B, up 27%
Robinsons Retail Holdings Inc., the retail arm of the Gokongwei Group, delivered record earnings in 2022, with net profit rising 27 percent to P5.74 billion—a level above pre-pandemic levels—bolstered by strong sales as the economy returned to normalcy and improved operating efficiencies.
