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Lawrence Agcaoili
Lawrence Agcaoili
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CCAP, BSP to promote credit card literacy online
by Lawrence Agcaoili - August 25, 2024 - 12:00am
The Credit Card Association of the Philippines has partnered with the Bangko Sentral ng Pilipinas to raise consumer awareness on the responsible use of credit cards and to promote credit card literacy.
Maybank opens Islamic banking unit in Zamboanga
by Lawrence Agcaoili - August 25, 2024 - 12:00am
Maybank Philippines Inc., a member of the Maybank Group, has inaugurated its first Islamic banking unit in Zamboanga, marking a significant step in expanding the bank’s portfolio of inclusive financial so...
BDO cuts costs by retrofitting old buildings
by Lawrence Agcaoili - July 28, 2024 - 12:00am
Sy-led BDO Unibank Inc. continues to manage greenhouse gas emissions and energy consumption by retrofitting old buildings, beginning with its historic Dasmariñas- Binondo building in Manila.
BancNet fortifies cybersecurity, pushes tech enhancements
by Lawrence Agcaoili - June 30, 2024 - 12:00am
Electronic banking consortium BancNet Inc. is further fortifying cybersecurity measures as the banking sector leverages technology to enhance operational efficiency, detect fraud and improve customer experience...
Citi sees inflation falling fast with rice tariff cuts
by Lawrence Agcaoili - June 7, 2024 - 12:00am
Global banking giant Citi expects inflation to ease at a faster pace as the government approved the reduction of rice tariff to 15 percent from the current 35 percent until 2028.
Citi sees shallow rate cuts in 2024, 2025
by Lawrence Agcaoili - May 12, 2024 - 12:00am
Global banking giant Citi is now expecting smaller interest rate cuts from the Bangko Sentral ng Pilipinas in the next two years due to a more cautious stance on inflation risks.
Metrobank sets aside P5 billion for capital expenses in 2024
by Lawrence Agcaoili - April 18, 2024 - 12:00am
Metropolitan Bank & Trust Co. has earmarked as much as P5 billion for its capital expenditures this year.
Ex-ombudsman hits back at GSIS management, questions deals
by Lawrence Agcaoili - April 16, 2024 - 12:00am
Former ombudsman Ma. Merceditas Gutierrez lashed back at the management of the Government Service Insurance System after the state-run pension fund manager questioned her eligibility as a member of the board of...
‘Ex-ombudsman not qualified to sit on GSIS board’
by Lawrence Agcaoili - April 15, 2024 - 12:00am
Results of an inquiry conducted by the Government Service Insurance System (GSIS) showed that former ombudsman Ma. Merceditas Gutierrez is not qualified to be a member of its board of trustees for not being a member...
UBS sees 2-digit credit growth for Philippines banks
by Lawrence Agcaoili - March 2, 2024 - 12:00am
Banks operating in the Philippines are expected to post a double-digit credit growth this year on the back of robust economic expansion, according to banking giant UBS.
Metrobank raises record $1 billion from international bond market
by Lawrence Agcaoili - March 1, 2024 - 12:00am
Metropolitan Bank & Trust Co. has raised $1 billion as investors gobbled up its dual tranche offering of five and 10-year dollar-denominated notes as part of its return to the offshore debt market.
China Bank nets record P22 billion
by Lawrence Agcaoili - February 28, 2024 - 12:00am
Higher core business revenues boosted the net income of Sy-led China Banking Corp. by 15 percent to hit an all-time high of P22 billion in 2023.
Metrobank eyes return to offshore debt market
by Lawrence Agcaoili - February 28, 2024 - 12:00am
Metropolitan Bank & Trust Co. is returning to the offshore debt market to raise at least $500 million to diversify the bank’s funding sources and support its operations.
RCBC income hits all-time high in 2023
by Lawrence Agcaoili - February 28, 2024 - 12:00am
Rizal Commercial Banking Corp. grew its net income by 1.1 percent to hit a record P12.22 billion in 2023, fueled by faster-than-industry loan and deposit growth.
Wider margins, lower loan provisions boost PNB profit
by Lawrence Agcaoili - February 27, 2024 - 12:00am
Wider margins and lower provisioning for potential loan losses helped boost the profit of Philippine National Bank by 55 percent to P17.97 billion in 2023.
BDO profit hits record P73.4 billion in 2023
by Lawrence Agcaoili - February 27, 2024 - 12:00am
BDO Unibank Inc. grew its earnings by 28.5 percent to hit an all-time high of P73.41 billion in 2023, driven by strong growth across its core businesses.
PNB asset sale seen to yield P5.4 billion
by Lawrence Agcaoili - February 26, 2024 - 12:00am
Philippine National Bank will raise at least P5.41 billion from the disposition and monetization of foreclosed assets in Makati, Mandaluyong and Quezon City next month.
Philippines remains on FATF gray list
by Lawrence Agcaoili - February 25, 2024 - 12:00am
The Philippines failed anew to exit the gray list or list of jurisdictions under increased monitoring after falling short in addressing the remaining concerns on its anti-money laundering and counter-terrorist financing...
Metrobank earns record P42.2 billion in 2023
by Lawrence Agcaoili - February 23, 2024 - 12:00am
Metropolitan Bank & Trust Co. posted record-high earnings of P42.2 billion in 2023, driven by asset expansion, higher margins, improving efficiency levels and better asset quality.
BPI lends fresh P7 billion to Home Credit Philippines
by Lawrence Agcaoili - February 22, 2024 - 12:00am
Bank of the Philippine Islands has extended an additional P7 billion loan to Home Credit Philippines, making it the financing firm’s biggest lender.
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