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BDO posted P11B net profit in first 6 months

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The country’s biggest lender Banco de Oro Unibank posted a net profit of P11.05 billion in the first semester, declining by 22 percent year-on-year but attaining close to half of its full-year goal.

Posted: July 29th, 2014 in Headlines | Read More »

PH banks’ 1st quarter profits slip

More banks reported a double-digit decline in first quarter net profits in line with an industry-wide trend of declining trading gains or even booking trading losses compared to the much more benign market environment early last year.

Posted: May 17th, 2014 in Headlines | Read More »

Fitch: PH banks stable enough to withstand shocks

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The local banking industry will continue to help stabilize the country’s booming economy in the coming year, despite the risk of lower profits and tighter monetary conditions.

Posted: December 17th, 2013 in Headlines | Read More »

BSP eyes hike in banks’ capital requirements

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The capitalization requirements for local banks may be increased to ensure the continued strength of the local financial sector, which has grown exponentially since the minimum was last revised.

Posted: October 11th, 2013 in Headlines | Read More »

BSP urges creation of new benchmarks for loans

The central bank has moved for the creation of new benchmarks for loans in the country that would be more transparent and less prone to manipulation, to preserve the integrity of the local banking industry.

Posted: September 27th, 2013 in Headlines | Read More »

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