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                    [ArticleID] => 2214957
                    [Title] => Quick Takes: Updates on Eagle Cement, San Miguel and Metrobank
                    [Summary] => It’s basically Ramon Ang telling Ramon Ang that he’s selling his shares to Ramon Ang. 
                    [DatePublished] => 2022-10-07 09:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Stock Commentary
                    [SectionUrl] => stock-commentary
                    [URL] => https://media.philstar.com/photos/2021/11/17/stock-commentarymb_2021-11-17_08-59-59_thumbnail.jpg
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            [1] => Array
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                    [ArticleID] => 237484
                    [Title] => PSBank net income up 33%
                    [Summary] => The country’s second largest thrift bank is planning to grow by major double-digits this year despite negative feedbacks of the May national elections and the country’s feeble economy.


In fact, the Philippine Savings Bank (PSBank) plans to expand its branch network by 20 percent this year alone, evidence of a bullish long-term attitude towards the Philippine economy. PSBank is a subsidiary of the Metropolitan Trust and Banking Corp. (Metrobank), the biggest commercial bank in the country.


                    [DatePublished] => 2004-02-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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                    [ArticleID] => 236202
                    [Title] => PSBank expands branch network,  eyes double-digit growth this year
                    [Summary] => Philippine Savings Bank (PSBank) plans to expand its branch network by 20 percent this year in line with a forecast double-digit growth in earnings, a bank official said.


PSBank is a subsidiary of the Metropolitan Trust and Banking Corp. (Metrobank), the biggest commercial bank in the country.


"We have the momentum to achieve our goals this year," said PSBank president Pascual M. Garcia III.


Garcia said they are looking at significant growth in net earnings in 2003 and further improve this year.


                    [DatePublished] => 2004-01-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 224260
                    [Title] => PSBank expects to surpass income target for 2003
                    [Summary] => Philippine Savings Bank (PSBank) is optimistic it would be able to surpass its net income target for the whole of 2003 as  the economy shows positive growth signs.


Earlier, PSBank officials said they trimmed their growth targets for this year from 10 percent to 12  percent.


"We will beat that," Pascual M.Garcia III, PSBank  president said in a  formal press launch of PSBank Flexi Credit Line yesterday.


PSBank’s net income recorded a notable  72.8 percent growth  to P302 million in 2002 from P174.7 million  in 2001.


                    [DatePublished] => 2003-10-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 203665
                    [Title] => PSBank may revise its targets due to VAT, SARS
                    [Summary] => The Philippine Savings Bank (PSBank) may revise its projections this year due to the implementation of the 10-percent value-added tax (VAT) and the negative effect of the severe acute respiratory syndrome (SARS).


From 20 percent set early this year, bank officials said they might have to turn down the target to a more modest 10 to 12 percent.


                    [DatePublished] => 2003-04-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 159346
                    [Title] => BSP to revive incentives for bank mergers, acquisitions
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) is planning to revive incentives for mergers and acquisitions and add even more perks to encourage further consolidation in the banking industry.
                    [DatePublished] => 2002-05-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
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                    [ArticleID] => 136382
                    [Title] => BSP orders Equitable PCI Bank to expand its board
                    [Summary] => Citing possible violations of the Corporation Code, the Bangko Sentral ng Pilipinas (BSP) has ordered Equitable PCI Bank to expand its 15-man board of directors to create a voting seat for its president, Deogracias Vistan Jr.


BSP sources told reporters yesterday that the bank has been directed to call a special stockholders’ meeting to amend its articles of incorporation to correct the discrepancy created by the shakedown that led to Vistan’s appointment as bank president and chief executive officer.


                    [DatePublished] => 2001-10-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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METROPOLITAN TRUST AND BANKING CORP

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                    [ArticleID] => 2214957
                    [Title] => Quick Takes: Updates on Eagle Cement, San Miguel and Metrobank
                    [Summary] => It’s basically Ramon Ang telling Ramon Ang that he’s selling his shares to Ramon Ang. 
                    [DatePublished] => 2022-10-07 09:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Stock Commentary
                    [SectionUrl] => stock-commentary
                    [URL] => https://media.philstar.com/photos/2021/11/17/stock-commentarymb_2021-11-17_08-59-59_thumbnail.jpg
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            [1] => Array
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                    [ArticleID] => 237484
                    [Title] => PSBank net income up 33%
                    [Summary] => The country’s second largest thrift bank is planning to grow by major double-digits this year despite negative feedbacks of the May national elections and the country’s feeble economy.


In fact, the Philippine Savings Bank (PSBank) plans to expand its branch network by 20 percent this year alone, evidence of a bullish long-term attitude towards the Philippine economy. PSBank is a subsidiary of the Metropolitan Trust and Banking Corp. (Metrobank), the biggest commercial bank in the country.


                    [DatePublished] => 2004-02-03 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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                    [ArticleID] => 236202
                    [Title] => PSBank expands branch network,  eyes double-digit growth this year
                    [Summary] => Philippine Savings Bank (PSBank) plans to expand its branch network by 20 percent this year in line with a forecast double-digit growth in earnings, a bank official said.


PSBank is a subsidiary of the Metropolitan Trust and Banking Corp. (Metrobank), the biggest commercial bank in the country.


"We have the momentum to achieve our goals this year," said PSBank president Pascual M. Garcia III.


Garcia said they are looking at significant growth in net earnings in 2003 and further improve this year.


                    [DatePublished] => 2004-01-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 224260
                    [Title] => PSBank expects to surpass income target for 2003
                    [Summary] => Philippine Savings Bank (PSBank) is optimistic it would be able to surpass its net income target for the whole of 2003 as  the economy shows positive growth signs.


Earlier, PSBank officials said they trimmed their growth targets for this year from 10 percent to 12  percent.


"We will beat that," Pascual M.Garcia III, PSBank  president said in a  formal press launch of PSBank Flexi Credit Line yesterday.


PSBank’s net income recorded a notable  72.8 percent growth  to P302 million in 2002 from P174.7 million  in 2001.


                    [DatePublished] => 2003-10-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] =>  Ted P. Torres
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                    [ArticleID] => 203665
                    [Title] => PSBank may revise its targets due to VAT, SARS
                    [Summary] => The Philippine Savings Bank (PSBank) may revise its projections this year due to the implementation of the 10-percent value-added tax (VAT) and the negative effect of the severe acute respiratory syndrome (SARS).


From 20 percent set early this year, bank officials said they might have to turn down the target to a more modest 10 to 12 percent.


                    [DatePublished] => 2003-04-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 159346
                    [Title] => BSP to revive incentives for bank mergers, acquisitions
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) is planning to revive incentives for mergers and acquisitions and add even more perks to encourage further consolidation in the banking industry.
                    [DatePublished] => 2002-05-02 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 136382
                    [Title] => BSP orders Equitable PCI Bank to expand its board
                    [Summary] => Citing possible violations of the Corporation Code, the Bangko Sentral ng Pilipinas (BSP) has ordered Equitable PCI Bank to expand its 15-man board of directors to create a voting seat for its president, Deogracias Vistan Jr.


BSP sources told reporters yesterday that the bank has been directed to call a special stockholders’ meeting to amend its articles of incorporation to correct the discrepancy created by the shakedown that led to Vistan’s appointment as bank president and chief executive officer.


                    [DatePublished] => 2001-10-12 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

Quick Takes: Updates on Eagle Cement, San Miguel and Metrobank

October 7, 2022 - 9:00am

It’s basically Ramon Ang telling Ramon Ang that he’s selling his shares to Ramon Ang.

Stock Commentary

PSBank net income up 33%

February 3, 2004 - 12:00am

The country’s second largest thrift bank is planning to grow by major double-digits this year despite negative feedbacks of the May national elections and the country’s feeble economy. In fact, the Philippine...

Banking

PSBank expands branch network, eyes double-digit growth this year

By Ted P. Torres | January 24, 2004 - 12:00am

Philippine Savings Bank (PSBank) plans to expand its branch network by 20 percent this year in line with a forecast double-digit growth in earnings, a bank official said. PSBank is a subsidiary of the Metropolitan...

Business

PSBank expects to surpass income target for 2003

By Ted P. Torres | October 15, 2003 - 12:00am

Philippine Savings Bank (PSBank) is optimistic it would be able to surpass its net income target for the whole of 2003 as the economy shows positive growth signs. Earlier, PSBank officials said they trimmed their...

Business

PSBank may revise its targets due to VAT, SARS

By Ted P. Torres | April 25, 2003 - 12:00am

The Philippine Savings Bank (PSBank) may revise its projections this year due to the implementation of the 10-percent value-added tax (VAT) and the negative effect of the severe acute respiratory syndrome (SARS). From...

Business

BSP to revive incentives for bank mergers, acquisitions

By Des Ferriols | May 2, 2002 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) is planning to revive incentives for mergers and acquisitions and add even more perks to encourage further consolidation in the banking industry.

Business

BSP orders Equitable PCI Bank to expand its board

October 12, 2001 - 12:00am

Citing possible violations of the Corporation Code, the Bangko Sentral ng Pilipinas (BSP) has ordered Equitable PCI Bank to expand its 15-man board of directors to create a voting seat for its president, Deogracias...

Business