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Banking industry profit down 34.7% in first 6 months

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The earnings of the domestic banking industry slid by more than a third in the first half on the back of moderate interest rate increases, according to the Bangko Sentral ng Pilipinas (BSP).

Posted: November 5th, 2014 in Headlines | Read More »

CIMB eyeing PH thrift bank

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After the collapse of a deal to take over Bank of Commerce, Malaysian banking giant CIMB is in talks to invest in Philippine Business Bank, a thrift bank led by the group of Zest-O founder Alfredo Yao.

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

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 »

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