Tag: San Miguel
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BankCom Jan-Sep profits up 24% on strong loans, forex gains
Bank of Commerce (BankCom), the lending arm of diversified conglomerate San Miguel Corp., delivered a solid P2.75-billion unaudited net income in the first nine months of 2025, a 24 percent jump from a year ago, powered by robust loan growth, higher net interest margins, and hefty foreign exchange gains.
San Miguel preferred shares sale starts Oct 13, up to P30B eyed
San Miguel Corp., one of the country’s largest and most diversified conglomerates, will launch a week-long public offering of up to P30 billion in preferred shares starting Monday, October 13, as part of efforts to refinance maturing obligations and fund large-scale infrastructure projects.
San Miguel seeks bondholder consent for waivers of negative covenant
San Miguel Corp., one of the largest conglomerates in the Philippines, is seeking the consent of bondholders for proposed amendments to several outstanding fixed-rate Philippine Peso bonds.
Bank of Commerce appoints veteran banker Abacan to board
Bank of Commerce, the country’s 15th largest lender and a member of the San Miguel Group, said its board has elected Antonio Abacan Jr. as an independent director to serve the unfinished term of Rebecca Maria Ynares, who has resigned.
San Miguel completes Meralco deal with Landbank after 17 years
San Miguel Corp. (SMC), one of the Philippines’ largest conglomerates, announced that its power unit, San Miguel Global Power Holdings Corp., has finally acquired a long-contested 3.9 percent stake in Manila Electric Co. (Meralco), nearly two decades after first attempting the deal.
