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Keisha Ta-Asan
Keisha Ta-Asan
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BPI bullish this year amid continued loan growth
by Keisha Ta-Asan - April 24, 2024 - 12:00am
After posting record earnings in the first quarter, Bank of the Philippine Islands is optimistic about its growth prospects for this year as it sees its loan book growing by 11 to 12 percent, mainly driven by higher...
Investors pour over $700 million into Philippine digital banks
by Keisha Ta-Asan - April 24, 2024 - 12:00am
Global and local investors have poured over $700 million (around P40 billion) into the country’s digital banking sector to support the industry’s growth and potential to reshape the online financial...
BSP collects P649 million from coin deposits
by Keisha Ta-Asan - April 23, 2024 - 12:00am
The Bangko Sentral ng Pilipinas has collected more than P600 million worth of coins as part of efforts to bring these back to circulation and address the shortage due to improper storage or disposal.
Producers Savings Bank acquires Leyte rural bank
by Keisha Ta-Asan - April 23, 2024 - 12:00am
Producers Savings Bank Corp. has completed its merger with one more rural bank, bolstering the bank’s assets and profit growth via its branch network expansion.
UnionBank to kick off P10-B stock rights offer
by Keisha Ta-Asan - April 23, 2024 - 12:00am
The stock rights offering of Aboitiz-led Union Bank of the Philippines is set to kick off in May to raise as much as P10 billion to fund the capital infusion of its digital bank and for other general purposes.
BSP to be more cautious on lowering rates – S&P
by Keisha Ta-Asan - April 23, 2024 - 12:00am
The Bangko Sentral ng Pilipinas, along with other emerging market central banks, would be more cautious about cutting borrowing costs this year amid external risks, according to S&P Global Ratings.
Philippine Bank of Communications profit climbs 16.3 percent to P1.9 billion in 2023
by Keisha Ta-Asan - April 22, 2024 - 12:00am
Lucio Co’s Philippine Bank of Communications (PBCom) grew its income by 16.3 percent to P1.9 billion in 2023 from P1.6 billion a year earlier, mainly due to higher operating income from better trading per...
Another money changer gets license revoked by BSP
by Keisha Ta-Asan - April 22, 2024 - 12:00am
The Bangko Sentral ng Pilipinas (BSP) has cancelled the registration of another money changer as the regulator continues to ramp up its campaign against illegally operating money service businesses (MSBs).
Singapore bank hikes Philippines inflation forecast
by Keisha Ta-Asan - April 22, 2024 - 12:00am
DBS Bank Ltd. of Singapore raised its inflation forecast for the Philippines this year to 3.7 percent from 3.3 percent previously, a development which could prompt the Bangko Sentral ng Pilipinas (BSP) to keep rates...
EastWest ramping up credit business
by Keisha Ta-Asan - April 21, 2024 - 12:00am
Gotianun-led East West Banking Corp. is strengthening its credit business for possible upticks in loan demand later this year, its top officia
BDO to remain cautious amid risks
by Keisha Ta-Asan - April 21, 2024 - 12:00am
BDO Unibank Inc., the country’s largest bank, will remain cautious this year despite strong profit growth in 2023 and in the first quarter of the year.
BOP swings to $1.17 billion surplus in March
by Keisha Ta-Asan - April 20, 2024 - 12:00am
The country’s balance of payments (BOP) position reverted to a $1.17-billion surplus in March from a $196-million deficit in February, data from the Bangko Sentral ng Pilipinas (BSP) showed.
Chinabank declares P5.9 billion cash dividends
by Keisha Ta-Asan - April 19, 2024 - 12:00am
Sy-led China Banking Corp. will reward its shareholders with a record P5.9 billion in dividend payments, 16 percent higher compared to last year, the bank said yesterday.
BDO profit climbs to P18.5 billion in Q1
by Keisha Ta-Asan - April 19, 2024 - 12:00am
The net income of BDO Unibank Inc. rose by 12.2 percent to P18.5 billion in the first quarter from P16.5 billion in the same period last year on the back of sustained growth across its core businesses.
AMLC freezes assets of 8 terrorist groups
by Keisha Ta-Asan - April 19, 2024 - 12:00am
The Anti-Money Laundering Council has issued orders to freeze the assets of eight groups and a person designated as terrorists by the Anti-Terrorism Council.
FEF: Charter amendments to boost FDIs, clear policies
by Keisha Ta-Asan - April 18, 2024 - 12:00am
The proposed Charter amendments expanding foreign ownership rights in key sectors could attract more foreign direct investments into the country and help drive economic growth, according to the Foundation for Economic...
Moody’s affirms ratings of 3 Philippine banks
by Keisha Ta-Asan - April 18, 2024 - 12:00am
Moody’s Investors Service has affirmed the long-term deposit ratings of China Banking Corp., Philippine National Bank (PNB) and Security Bank Corp., citing strong capital position and stable profitability...
2 potential applicants to vie for Islamic banking licenses
by Keisha Ta-Asan - April 18, 2024 - 12:00am
There are at least two financial institutions that are looking to set up Islamic banking operations in the Philippines, officials of the Bangko Sentral ng Pilipinas said yesterday.
Peso weakness won’t affect policy – BSP chief
by Keisha Ta-Asan - April 18, 2024 - 12:00am
The depreciation of the local currency to a near 17-month low is not large enough to affect inflation expectations, which may lead to rate cuts later this year or early next year, Bangko Sentral ng Pilipinas Governor...
PBB nets P1.82 billion in 2023
by Keisha Ta-Asan - April 17, 2024 - 12:00am
Philippine Business Bank posted a net income of P1.82 billion in 2023, up 39.1 percent or P513 million from the P1.31 billion recorded in 2022, the bank said in a disclosure to the Philippine Stock Exchange.
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