by ev3v4hn | Aug 1, 2020 | Business News
SM group-led China Banking Corp. grew its second quarter net profit by 27 percent year-on-year to P3 billion, bucking the downturn seen by other banking peers amid constraints arising from the coronavirus pandemic. This brought six-month net profit to P5.2 billion, up by 24 percent year-on-year, even as the bank jacked up provisions for probable […]
by ev3v4hn | Jul 25, 2020 | Business News
The World Bank will extend three more loans worth about $1 billion to the Philippines by September to help in COVID-19 response and recovery efforts, the Department of Finance (DOF) said on Friday. In a statement, the DOF said the concessional financing extended by...
by ev3v4hn | Jul 25, 2020 | Business News
Lender Security Bank has raised P13.5 billion from an issuance of two-year bonds, which were warmly received by the cash-awash local financial market. The offering was upsized from the base offer of P5 billion as the bank took advantage of strong investor demand. This...
by ev3v4hn | Jul 23, 2020 | Business News
The central bank has scored another legal victory against erring bank officials after a court last month found the former owner of a shuttered Laguna-based rural bank guilty of fraud. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the Regional Trial Court...
by ev3v4hn | Jul 4, 2020 | Business News
In its bid to make available loans to small businesses badly hit by the COVID-19 crisis, the state-run Philippine Guarantee Corp. (Philguarantee) has green-lit P37.5 billion in credit guarantees as of end-June. Philguarantee said the total credit guarantee facilities...
