^
+ Follow ALEX V Tag
ALEX V
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1426838
                    [Title] => ONB sale sets valuation standards
                    [Summary] => 

The acquisition by mega bank BDO Unibank Inc. (BDO) of the country’s largest rural bank has opened opportunities for further mergers and acquisitions (M&As) or consolidation of the Philippine rural banking system.

[DatePublished] => 2015-02-24 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [1] => Array ( [ArticleID] => 1406016 [Title] => BDO acquires largest rural bank [Summary] =>

BDO Unibank Inc. (BDO), the country’s largest bank, has acquired One Network Bank Inc. (ONB), the largest rural bank, for a still undisclosed amount.

[DatePublished] => 2014-12-24 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20140820/Bank-generic-sing-4.jpg ) [2] => Array ( [ArticleID] => 1382419 [Title] => ONB adds 2 more branches [Summary] =>

The inauguration of new branches in Barotac Nuevo in Iloilo and in San Jose de Buenavista in Antique last September brings One Network Bank’s (ONB) total branch count to 104.

[DatePublished] => 2014-10-21 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [3] => Array ( [ArticleID] => 1356474 [Title] => ONB sets P400-M capex for branch expansion [Summary] =>

The One Network Bank (A Rural Bank), otherwise known as ONB, has drawn up a P400-million capital expenditure (capex) program to open 30 branches and relocate another four branches by 2016.

[DatePublished] => 2014-08-12 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [4] => Array ( [ArticleID] => 1327576 [Title] => ONB targets P930-M income in 2014 performance [Summary] =>

One Network Bank (ONB), the largest rural bank in the country, is aspiring to end 2014 just a few million pesos short of P1-billion mark in terms of net operating income this year.

[DatePublished] => 2014-05-27 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [5] => Array ( [ArticleID] => 1283613 [Title] => ONB resources reach P25.65 B [Summary] =>

One Network Bank (ONB), the largest rural bank in the country, said its total resources reached P25.65 billion in 2013, up 28.89 percent from the P19.9 billion in the same period a year earlier.

[DatePublished] => 2014-01-28 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [6] => Array ( [ArticleID] => 1250482 [Title] => ONB earnings surpass 2012 level [Summary] =>

After just nine months into 2013, One Network Bank (ONB) has recorded a net income of P575 million, and in the process, surpassing its 2012 full year income of P556 million.

[DatePublished] => 2013-10-29 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [7] => Array ( [ArticleID] => 973671 [Title] => ONB income up 42% in H1 [Summary] =>

One Network Bank (ONB) has reported a 42.3-percent increase in net income in the first six months of 2013 to P373 million from P262 million in the same period in 2012.

[DatePublished] => 2013-07-16 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [8] => Array ( [ArticleID] => 952453 [Title] => ONB declares P357-M dividends [Summary] =>

During its annual stockholders’ meeting last month, One Network Bank Inc. (A Rural Bank) declared, and paid, a 19.4-percent stock dividend valued at P357 million equivalent to 36 million common shares in favor of its 1,600 shareholders.

[DatePublished] => 2013-06-11 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [9] => Array ( [ArticleID] => 933686 [Title] => ONB earnings up 77% [Summary] =>

Mindanao-based rural bank One Network Bank (ONB) has reported an audited net operating income after tax (NIAT) of P556 million, breaching for the first time the P500-million profit mark.

[DatePublished] => 2013-04-23 00:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) ) )
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