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‘BANKING AND FINANCE’ Archives
Depositors to file estafa case vs Export Bank execs
SEVERAL depositors of the closed Export and Industry Bank (EIB) are planning to file charges of syndicated estafa against bank officials. (more...)
Maybank Philippines announces new President
MAYBANK has announced the appointment of Mr. Herminio M. Famatigan Jr., as incoming President and CEO of Maybank Philippines, Inc. (MPI) with effect from March 15, 2012. The appointment is subject to the confirmation by the Monetary Board of the Bangko Sentral ng Pilipinas (BSP). Mr. Famatigan graduated from the University of the [...]
BPI Posts Net Income of P12.8 Billion in 2011
The Bank of the Philippine Islands (BPI) posted an unaudited net income of P12.8 billion for full year 2011, a 13.4% increase over the P11.3 billion reported in 2010. This result translated to a Return on Equity of 15.2% and a Return on Assets of 1.6%. Total revenues grew by 7% as net interest income improved by 10% due to the expansion of P48 [...]
One Network Bank income up by 38%
By CARMELITO Q. FRANCISCO, Correspondent DAVAO City -- One Network Bank Inc. increased its net income 38% annually to P428 million in 2011, driven by loans to key market segments like public school teachers, a statement on Monday read. The press statement quoted the Mindanao-based rural bank’s president and chief executive officer, Alex V. [...]
ONB ’11 RECORD INCOME JACKS UP NETWORTH TO P 2.5 B
ONB ’11 net comprehensive income hits P 428 Million for a record 38 % increase over previous year. With this record income, the widest and most modern rural bank’s networth or net capital reached P 2.5 Billion now exceeding the P 2.4 Billion minimum capital required of commercial banks. “ONB will not convert to KB status principally because [...]
Pag-IBIG to condone delinquent, unregistered employers but no recividists
By Apipa P. Bagumbaran CAGAYAN DE ORO CITY, Feb. 4 (PIA) -- The Home Development Mutual Fund, otherwise known as the Pag-IBIG Fund, is condoning penalties of delinquent and unregistered employers from January 2 to June 30, 2012 under its penalty condonation program. The program covers unregistered and delinquent employers, as well as [...]
Green Bank
Green Bank, Inc., headquartered in Butuan City, is a premier multi-awarded countryside (more...)
Siargao Bank
Siargao Bank ( A Rural Bank) Inc., was founded last September 24,1977. (more...)
GSIS extends P626-M loans to Sendong-hit members
By ALLAN MEDIANTE Executive Editor THE GOVERNMENT Service Insurance System (GSIS) has released more than half a billion pesos in emergency loans to members affected by tropical storm Sendong. The pension fund for government employees granted P626.1 million in emergency loans to nearly 32,000 GSIS members from December 21 to 27, a statement [...]
BSP extends relief to storm-hit banks
By ROLANDO SUDARIA, Reporter THE BANGKO Sentral ng Pilipinas (BSP) is extending relief to banks in areas affected by tropical storm Sendong so these lenders can in turn extend assistance to their clients. In a statement, the central bank said the relief measures apply to thrift, rural and cooperative banks in Catanduanes, Capiz, Bohol, [...]
