by ev3v4hn | Aug 15, 2020 | Business News
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 […]
by ev3v4hn | Aug 14, 2020 | Business News
MANILA, Philippines — 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...
by ev3v4hn | Aug 5, 2020 | Business News
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,...
by ev3v4hn | Aug 5, 2020 | Business News
HONG KONG — International banks in Hong Kong are caught in the crossfire of competing laws enacted by the United States and China as the superpowers clash over the city’s future, with analysts warning businesses are being forced to pick a side. A US flag is seen...
by ev3v4hn | Aug 1, 2020 | Business News
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....
