Private placement generates P1B
PNB Capital and Investment Corp., the asset management arm of the Philippine National Bank, helped craft a perpetual bond exercise that allowed P.A. Alvarez…
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154 results for “Bank”
BSP shuts down rural bank
Deposit insurer PDIC prohibits the Laguna rural lender from engaging in any more business, making it the second rural bank to close shop this year. contributed…
bank employees paint school building donation
Security Bank volunteers painted the classroom walls and grills, corridors and stairways.
Agency lends China Bank prime rating
Universal lender China Bank gets top rating from the Philippine Rating Services Corp. or Philratings. Its PRS Aaa rating is a nod in its strong shareholder and…
Global stocks surge on US-China talks
China's new yuan-denominated loans stood at 3.23 trillion yuan ($477 billion) in January 2019, up 328.4 billion yuan year-on-year, central bank data showed…
BdO unit acquires Bulacan bank
Listed lender BdO Unibank Inc. (BdO) on Monday announced that its unit, One Network Bank Inc., (ONB) has acquired the lending business of Rural Bank of Pandi…
Educators thank lender for disaster relief
Education executives commend Cebu-based CitySavings Bank for helping keep disaster-struck schoolchildren interested in learning despite hardships. contributed…
RBA cuts growth outlook
Australia’s central bank cut its economic growth forecasts and kept interest rates at a record low Tuesday, as house prices in major cities slumped and…
WB doubles PH disaster insurance
Washington — The World Bank has renewed an insurance program to help the Philippines better respond to losses from climate and disaster risks. The renewal…
The changing nature of work
The World Bank recently reported its latest study on East Asia and the Pacific entitled “A Resurgent East Asia: Navigating a Changing World” and is available…
CitySavings Best CSR Bank Philippines 2018
Cebu-based City Savings Bank, Inc. (CitySavings) wins its first international award after it was named “Best CSR Bank Philippines 2018” by Global Banking and…
PNB strengthens CSR
The Philippine National Bank has reached out to communities through initiatives that support financial literacy, social entrepreneurship and environmental…
ADB boosts Duterte’s Mindanao programs
The Asian Development Bank (ADB) on Tuesday expressed willingness to extend help in President Rodrigo Duterte’s quest for a lasting peace in Mindanao.
ADB sells $3.5B 5-Year bond
The Asian Development Bank (ADB) returned to the US dollar bond market with the pricing of a $3.5 billion five-year global benchmark bond issue, proceeds of…
2018 GDP seen at 6.5%
Economists at the Asian Development Bank project higher growth averaging 6.7 percent this year from forecast growth of just 6.4 percent in 2018. bob dungo jr.
Ex-RCBC manager guilty of laundering
The former Rizal Commercial Banking Corp. (RCBC) manager suspected of involvement in the cyber theft of $81 million from Bangladesh Bank in 2016 was found…
Ex-bank manager convicted of laundering
The Makati Regional Trial Court Branch 149 on Thursday convicted a former branch manager of Rizal Commercial Banking Corp. on eight counts of violation of the…
Storm clouds brewing for global economy
The outlook for the global economy in 2019 has darkened.
Borrowing from banks
Borrowing money from a bank can be a fairly complex and scary proposition for most people, particularly if you have not tried it before.
TDF dip across-the-board
The term deposit rates of the Bangko Sentral ng Pilipinas fell across-the-board on Wednesday following central bank’s decision to increase its policy rates.