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Lawrence Agcaoili
Lawrence Agcaoili
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Wider margins, lower loan provisions boost PNB profit
by Lawrence Agcaoili - February 27, 2024 - 12:00am
Wider margins and lower provisioning for potential loan losses helped boost the profit of Philippine National Bank by 55 percent to P17.97 billion in 2023.
BDO profit hits record P73.4 billion in 2023
by Lawrence Agcaoili - February 27, 2024 - 12:00am
BDO Unibank Inc. grew its earnings by 28.5 percent to hit an all-time high of P73.41 billion in 2023, driven by strong growth across its core businesses.
PNB asset sale seen to yield P5.4 billion
by Lawrence Agcaoili - February 26, 2024 - 12:00am
Philippine National Bank will raise at least P5.41 billion from the disposition and monetization of foreclosed assets in Makati, Mandaluyong and Quezon City next month.
Philippines remains on FATF gray list
by Lawrence Agcaoili - February 25, 2024 - 12:00am
The Philippines failed anew to exit the gray list or list of jurisdictions under increased monitoring after falling short in addressing the remaining concerns on its anti-money laundering and counter-terrorist financing...
Metrobank earns record P42.2 billion in 2023
by Lawrence Agcaoili - February 23, 2024 - 12:00am
Metropolitan Bank & Trust Co. posted record-high earnings of P42.2 billion in 2023, driven by asset expansion, higher margins, improving efficiency levels and better asset quality.
BPI lends fresh P7 billion to Home Credit Philippines
by Lawrence Agcaoili - February 22, 2024 - 12:00am
Bank of the Philippine Islands has extended an additional P7 billion loan to Home Credit Philippines, making it the financing firm’s biggest lender.
Gradual BSP rate cuts likely by Q3
by Lawrence Agcaoili - February 18, 2024 - 12:00am
The Bangko Sentral ng Pilipinas is expected to make gradual interest rate cuts starting in the third quarter of the year, according to global banking giant Citi.
BSP may cut rates by mid-2024
by Lawrence Agcaoili - February 17, 2024 - 12:00am
The Bangko Sentral ng Pilipinas may start cutting interest rates as early as June this year, according to economists.
Philippines, German central banks partner on capacity-building
by Lawrence Agcaoili - February 15, 2024 - 12:00am
The central banks of the Philippines and Germany have formalized their partnership on capacity-building through the signing of a memorandum of understanding.
BPI renews alliance with Mizuho Bank
by Lawrence Agcaoili - February 15, 2024 - 12:00am
The Bank of the Philippine Islands has renewed its alliance with Japan’s Mizuho Bank Ltd., expanding and strengthening the scope of business cooperation between the two banks.
BSP seen to keep rates unchanged
by Lawrence Agcaoili - February 12, 2024 - 12:00am
The Bangko Sentral ng Pilipinas is likely to leave rates unchanged anew this week as it remains on a hawkish stance despite easing inflation.
BPI eyes return to debt markets in 1st half
by Lawrence Agcaoili - February 10, 2024 - 12:00am
Bank of the Philippine Islands is looking to tap the local and foreign debt markets within the first half of the year to raise funds to refinance its maturing obligations and beef up its lending portfolio.
Nomura hikes Philippines growth target for 2024
by Lawrence Agcaoili - February 10, 2024 - 12:00am
Nomura Global Markets Research has upgraded its economic growth forecast for the Philippines to six percent from 5.8 percent for this year after a better-than-expected expansion in 2023.
BSP to keep policy stance sufficiently tight
by Lawrence Agcaoili - February 7, 2024 - 12:00am
Despite the slowdown in the rise in consumer prices in the past four months, monetary authorities deem it necessary to keep monetary policy settings sufficiently tight until there is sustained decline in inflat...
BPI sees stronger credit growth
by Lawrence Agcaoili - February 6, 2024 - 12:00am
Bank of the Philippine Islands expects a robust growth in credit this year amid the country’s economic expansion and the planned interest rate cuts by the Bangko Sentral ng Pilipinas.
InstaPay money transfers swell to P5 trillion
by Lawrence Agcaoili - February 6, 2024 - 12:00am
Real-time fund transfers via InstaPay jumped by 45 percent to P5 trillion last year as volume surged by 56 percent to 838.56 million, BancNet said.
AUB profit hits record high in 2023
by Lawrence Agcaoili - February 6, 2024 - 12:00am
Rebisco-led Asia United Bank and its subsidiaries boosted earnings by 32 percent to a record high of P8.3 billion in 2023, from P6.3 billion in 2022.
Inflation likely eased below 3 percent in January
by Lawrence Agcaoili - February 5, 2024 - 12:00am
Economists believe inflation further eased for the fourth straight month in January, with some convinced that the rise in consumer prices slowed to below three percent for the first time in more than three year...
BPI profit hits record high P51.7 billion in 2023
by Lawrence Agcaoili - February 3, 2024 - 12:00am
“The bank’s solid financial performance is a reflection of its strengthened customer franchise and deeper customer engagement which led to record volumes and market share gains in several businesses...
Security Bank, Epson partner for financing
by Lawrence Agcaoili - February 3, 2024 - 12:00am
Security Bank Corp. has partnered with Epson Philippines Corp. for a special financing program for Epson’s distributors and dealers to help them fulfill big-ticket orders which usually tighten liquidity.
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