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.
Ayala Land Inc., the flagship real estate developer of the Ayala Group, has successfully sold 88 million common shares of AREIT, Inc. at P42 per share, raising P3.7 billion before fees and taxes.
Premium electric vehicle brand DENZA Philippines has formally launched retail operations in the country, opening its first flagship dealerships in Metro Manila and Cebu as it builds its presence in the growing new energy vehicle (NEV) market.