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ONB eyes 2,000 POS
by TPT - May 8, 2012 - 12:00am
The Mindanao-based One Network Bank (ONB) is planning to deploy 2,000 Pera Agad cash points or point-of-sale (POS) in merchants, schools, utility companies, transport companies, credit coops, pawnshops and even in...
BPI Family eyes gains through SMEs
by TPT - May 1, 2012 - 12:00am
BPI Family Savings Bank (BPI Family Savings) is looking at a 10-percent increase in its net earnings and double-digit growth in total loan and deposit portfolio, supported by the promising loan package for the franchise...
Phil Prudential sells record microinsurance premiums in 2011
by TPT - May 1, 2012 - 12:00am
Philippine Prudential Life Insurance Co. Inc. (Philippine Prudential) has recorded a total of P26.730 million in microinsurance premiums in 2011, an increase of 186.16 percent against the P9.34 million in 2010....
New capital ruling for thrift banks induces further consolidation
by TPT - March 15, 2011 - 12:00am
The latest ruling of the Bangko Sentral ng Pilipinas (BSP) increasing the minimum capital requirements for new entrants in the thrift banking sector will stimulate further competition and consolidation.
GM Bank of Luzon raising capital, eyeing 10 new branches in 2011
by TPT - March 8, 2011 - 12:00am
GM Bank of Luzon Inc., the newly consolidated rural bank based in Nueva Ecija, is still in the expansion mode.
ATM outsourcing specialist courts foreign investor
by TPT - March 8, 2011 - 12:00am
ATM provider Encash is in talks with a foreign investor that will boost its capability to make cash within reach in the countryside by scattering automated teller machines (ATMs) nationwide.
Manulife eyes mutual funds, microinsurance
by TPT - March 1, 2011 - 12:00am
The Manulife Financial Philippines is opening two new business sectors as part of its aggressive organic growth in the Philippine market.
UCPB posts double-digit growth in unit investment trust fund
by TPT - February 8, 2011 - 12:00am
The United Coconut Planters Bank (UCPB) has reported that two of its equity-based unit investment trust funds (UITFs) posted double-digit growth in net asset value per unit (NAVPU) in 2010 “as share prices...
Investing in mutual funds results in huge earnings
by TPT - February 8, 2011 - 12:00am
The year past was marked not only with peaceful elections but record-setting levels in the country’s stock market. The benchmark Philippine Stock Exchange Index (PSEi) posted a gain of 37.62 percent to a historical...
Sun Life mutual funds surpass all time record
by TPT - November 9, 2010 - 12:00am
The Sun Life Asset Management Co. Inc. (SLAMC) has reported combined assets under management (AUMs) of a little over P18.6 billion at the end of October 2010, higher than the record level of P18.2 billion accumulated...
Philippine insurance market third smallest in East Asia
by TPT - November 2, 2010 - 12:00am
The Philippines has been ranked as the third smallest in the East Asian region in terms of insurance premiums, better only than floor dwellers Macau and Brunei, according to Swiss Reinsurance (Swiss Re).
ONB resources hit P10 billion
by TPT - October 26, 2010 - 12:00am
Industry leader One Network Bank (ONB) has reported total resources hitting P10.3 billion, a record level for the bank and for the country’s rural banking sector.
FAMI bullish over stronger equities
by TPT - October 26, 2010 - 12:00am
The First Metro Asset Management Inc. (FAMI) is bullish in the long-term prospects of higher equity prices as the Philippine and regional economies remain strong.
Banco de Oro, EIB asset deal nears completion: But EIB will be transformed into a shell company indefinitely
by TPT - September 21, 2010 - 12:00am
When the deal between Banco de Oro Unibank Inc. (BDO) and Export and Industry Bank (EIB) are finalized, the latter will be transformed into a shell company without assets or liabilities.
ONB deposits expand to P7.4 billion
by TPT - August 3, 2010 - 12:00am
One Network Bank (ONB) has recorded a 26-percent increase in its deposit levels, or from P5.85 billion in the first six months of 2009 to P7.38 billion this year.
BPI net income balloons to P5.6 billion
by TPT - August 3, 2010 - 12:00am
The Bank of the Philippine islands (BPI) has reported a five-percent growth in net income for the first semester of 2010, to P5.6 billion.
SB Corp urges full implementation of penalties in mSME lending
by TPT - July 27, 2010 - 12:00am
The Small Business Corp. (SB Corp.) is asking the Bangko Sentral ng Pilipinas (BSP) to fully enforce the Magna Carta for Micro, Small and Medium Enterprises (mSME) or Republic Act (RA) 6977, particularly the issue...
Banks in emerging markets dominate global players
by TPT - May 11, 2010 - 12:00am
In the next four years, the major banks of the emerging markets will outperform the global banking giants, who will need to raise as much as $600 billion in capital.
Rural banks train for housing microfinance, microinsurance
by TPT - May 4, 2010 - 12:00am
The Rural Bankers Association of the Philippines Microenterprise Access to Banking Services (RBAP-MABS) had conducted its second module of the Housing Microfinance (HMF) Product Development Workshop held at the Pan...
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