‘BANKING AND FINANCE’ Archives
Pag-IBIG Fund launches the Land Bank Cash Card
The Pag-IBIG Fund Cagayan de Oro Branch will launch the Land Bank Cash Card (LCC) on November 8, 2011, which can be availed exclusively by the members/borrowers of the Multi-Purpose Loan (MPL), upon filing of application. Since there will be only 35,155 LCCs issued by the Land Bank of the Philippines (LBP) Cagayan de Oro Branch for free, [...]
PNB plans to issue long-term deposit certificates
LUCIO TAN-controlled Philippine National Bank (PNB) will issue long-term negotiable certificates of deposit (LTNCD) to raise P5 billion to help finance operations. In a disclosure to the stock exchange on Friday, PNB said it had obtained the central bank’s approval “to issue long-term negotiable certificates of up to P5 billion.” The [...]
DBP loans to borrowers up by 18.13%
STATEe-owned Development Bank of the Philippines (DBP) has increased its loans to borrowers to P112.9-billion as of September this year, up by 18.13% from the P95.5-billion reported during the same period last year. DBP president & chief executive officer Francisco F. Del Rosario, Jr. said that of this amount, the bank approved [...]
BPI increases loan to deposit ratio
WITH the Philippines showing resilience from the global crisis and the prevailing low interest rate environment, the Bank of the Philippine Islands (BPI) opted to grow its loan to deposit ratio with prudent domestic loans funded by low cost deposits. As such, the Bank’s asset base of P789 billion and deposits of P625 billion were just [...]
PSBank plans debt sale for acquisitions
PHILIPPINE SAVINGS Bank, the thrift banking arm of the Metrobank Group, is raising P5 billion from unsecured subordinated debt to strengthen its capital base as it scouts for acquisitions. In a disclosure to the stock exchange on Friday, PSBank said its “board of directors passed a resolution approving the bank’s issuance of up to P5 [...]
Cebuana Lhuillier targets 200 more branches by next year
PAWNSHOP chain Cebuana Lhuillier plans to add 200 branches by 2012 in a bid to corner a bigger share of the remittance market. “We have plans to increase the number of our branches to strengthen our presence nationwide and serve areas where there are no banks or remittance service providers yet,” Philippe Andre D. Lhuillier, Cebuana [...]
DBP loans to borrowers up by 18.13%
State-owned Development Bank of the Philippines (DBP) has increased its loans to borrowers to P112.9-billion as of September this year, up by 18.13% from the P95.5-billion reported during the same period last year. DBP president & chief executive officer Francisco F. Del Rosario, Jr. said that of this amount, the bank [...]
BANK OF THE PHILIPPINE ISLANDS FINANCIAL PERFORMANCE – SEPTEMBER 2011
With the Philippines showing resilience from the global crisis and the prevailing low interest rate environment, the Bank of the Philippine Islands (BPI) opted to grow its loan to deposit ratio with prudent domestic loans funded by low cost deposits. As such, the Bank’s asset base of P789 billion and deposits of P625 billion were just [...]
PVB Readies Next Installment of World War II True Stories Writing Contest
There are still thousands of stories out there waiting to be recorded. Thousands of narratives of little known or never heard events during the second World War in the Philippines that merit being written down as part of history. To compile and record these stories is the mission of Philippine Veterans Bank’s World War II True Stories [...]
Traveling Exhibit,World War II Lecture Make Its Way to Kidapawan City
KIDAPAWAN CITY – The multi-awarded War of Our Fathers Traveling Exhibit of Philippine Veterans Bank will be ending its tour of Mindanao this year with a stay in Kidapawan City in the province of North Cotabato. Fresh from Koronadal where it was on display last month, the well-traveled exhibit dedicated to the memory of Filipino World War II [...]
