Banking & Finance

BSP readies disaster-recovery plan

THE Bangko Sentral ng Pilipinas is nearly done fine tuning an expanded set of guidelines under which banks must work out their systems to recover quickly from any disaster. According…

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RCBC income up by 18%

NET profits of Yuchengco-led Rizal Commercial Banking Corp. (RCBC) rose by nearly 18% in the nine months ending September, with net interest and non-interest earnings climbing during the period. In…

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Land Bank of the Phils opens new branch in Buluan, Maguindanao

By SHAHANA JOY E. DUERME Contributor KORONADAL City — The Land Bank of the Philippines (LBP) formally opened its new branch in the Buluan, Maguindanao. Gilda E. Pico, president and…

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Maybank enhances product offering in the Philippines Launches Maybank Credit Card

Maybank enhances product offering in the Philippines Launches Maybank Credit Card To complement its present line of financial products and strengthen its presence in the Philippine retail market, Maybank Philippines,…

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Security Bank gets award for Corporate Governance

SECURITY Bank Corporation (PSE:SECB) was recognized as one of the Top-scoring Publicly-Listed Companies (PLCs) by the Institute of Corporate Directors’ (ICD) with the Silver Award during the ICD’s 9th Annual…

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Landbank loans to priority sectors up 10% in Q1

STATE-RUN Land Bank of the Philippines (Landbank) said loans to its priority sectors grew by nearly a tenth in the first quarter as it continued to reach out to more…

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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.

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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…

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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…

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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…

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