+ Follow CHINATRUST PHILS Tag
CHINATRUST PHILS
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[results] => Array
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[0] => Array
(
[ArticleID] => 77344
[Title] => Cavite RTC junks Steniel petition
[Summary] =>
[DatePublished] => 2008-08-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 267442
[Title] => Commercial banks look to consumer market for growth
[Summary] => sBanks continue to look at the consumer lending market for growth in the same manner that the National Economy looks to private and personal consumption to fuel the country’s sputtering economy.
The three major contributors to the impressive 6.2-percent growth rate in the first nine months of 2004 are services, industry, and agriculture.
The services sector accounts for 47.3 percent of GDP, industry 34.7 percent, and agriculture 18 percent. "The economy so far has been consumption driven," government economic managers said.
[DatePublished] => 2004-12-20 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 247864
[Title] => Chinatrust quarterly net income up
[Summary] => Chinatrust (Phils.) Commercial Bank Corp. posted a net income of P201.5 million for the first quarter of 2004, exceeding last year’s first quarter net income of P197.12 million.
The growth was due to higher net interest margins on the loan portfolio and lower funding costs.
Recoveries from non-performing loans (NPLs), gains from foreign exchange trading, profits from sale of foreclosed assets, prudent spending, and reversal of loan loss provisions due to continued improvement in risk asset quality, likewise contributed to the income growth.
[DatePublished] => 2004-04-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[3] => Array
(
[ArticleID] => 242339
[Title] => Chinatrust launches new consumer banking products
[Summary] => Chinatrust (Philippines) Commercial Bank Corp. is set to launch a host of new consumer banking products, led by a five-year time deposit, that would help finance its expanding core activities.
Bank officials said they will be re-launching consumer banking products as well as introduce variants of its personal products. There are also new banking products in the pipeline.
The five-year time deposit product, called Innov8, would raise funds for lending to the personal or consumer market the bank said.
[DatePublished] => 2004-03-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 230291
[Title] => Casino Filipino, Petron lead new additions to ‘superbrands’ in RP
[Summary] => More than 10 new companies have been identified as among the best and strongest brands in the Philippines by Superbrands Philippines, an independent arbiter of branding for nearly a decade.
Superbrands, which also has a strong presence in London, Dublin, Paris, New York and Dubai, follows a standard set of criteria of what makes a brand the absolute representation of goods and services.
[DatePublished] => 2003-12-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 225820
[Title] => Chinatrust net income up 27%
[Summary] => Medium-sized Chinatrust (Philippines) Commercial Bank Corp. registered a 27-percent growth in net income in the first three quarters of 2003 to P473 million, against P373 million in the same period last year. The better-than-expected net earnings performance was due to sustained loan portfolio growth, continued improvement in risk asset quality, profitable treasury activities, and prudent spending.
"The major sources of revenue for the bank continued to be interest on loans and investments, and trading gains.
[DatePublished] => 2003-10-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[6] => Array
(
[ArticleID] => 222564
[Title] => Chinatrust 8-month income surpasses 2002 earnings
[Summary] => Recoveries from bad assets, trading gains, early repayments of huge loans, and steady flow in deposits continued to buoy most banks during the economies weak performance, and foreign bank Chinatrust (Philippines) Commercial Bank Corp. is no exception.
After only eight months into 2003, Chinatrust Philippines registered a net income of P442 million which is better than the P410.9 million realized for the whole of 2002 for a 28- percent growth.
[DatePublished] => 2003-09-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[7] => Array
(
[ArticleID] => 194955
[Title] => Steniel creditors agree to loan restructuring
[Summary] => The major creditor banks of listed packaging firm Steniel Manufacturing Corp. have agreed to a restructuring of the company’s existing loans by way of lower amortization and the extension of the principal payment period.
The company informed the Philippine Stock Exchange (PSE) that it has struck an agreement with the banking consortium made up of Metrobank, Chinatrust Phils. and BPI-Family Savings Bank to amend omnibus loan agreement dated Nov. 10, 2000.
[DatePublished] => 2003-02-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096615
[AuthorName] => Christina Mendez
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 193460
[Title] => Chinatrust posts 68% profit hike
[Summary] => Foreign bank Chinatrust (Philippines) Commercial Bank Corp. reported a net income of P410.9 million for 2002, up 68 percent from the P244.7 million recorded in 2001.
Total resources rose to P17 billion representing an eight-percent growth from the P15.66 billion in 2001. Chinatrust Phils. president Joey Bermudez said the increase in earnings was due to a 22-percent growth in the bank’s loan portfolio even as its bond portfolio fell by 16 percent.
[DatePublished] => 2003-01-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 191474
[Title] => KBs start work on P600-B bad assets
[Summary] => Major commercial banks are now holding serious talks with interested parties mostly foreign for the formation of asset management corporations (AMCs) for the disposal of banking system’s bad assets reportedly reaching P600 billion.
President Arroyo signed Republic Act (RA) 9183, otherwise known as the Special Purpose Asset Vehicle (SPAV) bill last week, thus paving the way for the country’s banking system to start disposing of their bad debts.
[DatePublished] => 2003-01-14 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
)
)
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October 28, 2003 - 12:00am
September 30, 2003 - 12:00am
January 30, 2003 - 12:00am
