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New BSP rule seen ‘credit positive’ for lenders

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The Bangko Sentral ng Pilipinas this month unveiled a new rule to dampen the banks’ appetite for the lucrative real estate business. This, according to many, is just what the banking industry needs.

Posted: October 31st, 2014 in Headlines | Read More »

Aboitiz Equity sees 3% rise in Q3 profit

Conglomerate Aboitiz Equity Ventures Inc. (AEV) saw its third quarter net profit grow by 3 percent year-on-year to P4.8 billion, aided by improved earnings from its banking business.

Posted: October 30th, 2014 in Headlines | Read More »

Aboitiz nets P14 billion in 9 months

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Screengrab from www.aboitiz.com

Aboitiz Equity Ventures Inc. grew its third quarter net profit by 3 percent year-on-year to P4.8 billion, aided by improved earnings from the banking business.

Posted: October 29th, 2014 in Latest Business Stories | Read More »

Security Bank gets BB+ rating

SCREENGRAB from www.securitybank.com

Global credit watchdog Standard & Poor’s has assigned a credit grade of BB+, or a notch below investment grade to Security Bank.

Posted: October 29th, 2014 in Latest Business Stories | Read More »

Home, car loans surged in 2nd quarter

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car-loan-stock-1029

Strong home and car sales fueled a healthy surge in consumer loans in the second quarter of the year despite reports by banks that credit standards have been tightened to avoid excess risks.

Posted: October 29th, 2014 in Editor's Pick,Headlines | Read More »

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