Small banks now lending more to SMEs

The country’s rural and cooperative banks remain stable and are in a strong position to support the financing needs of micro, small and medium enterprises as well as large firms in rural communities affected by the COVID-19 pandemic, according to the central bank. In a press briefing, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said […]

EastWest Bank’s H1 profit up 65%

Gotianun-led EastWest Bank grew its first semester net profit by 65 percent year-on-year to P4.5 billion as earnings from core lending and securities trading accelerated at a double-digit pace. This performance suggested a second quarter net profit of P2.25 billion,...

Local banks seen weathering COVID-19 crisis well

The local banking system is well-positioned to withstand the shocks brought about by the COVID-19 crisis as its resources continue to increase, the Department of Finance (DOF) said Friday. In an economic bulletin, Finance Undersecretary and chief economist Gil S....