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Oil prices down in Asian trade

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Oil prices fell in Asian trade Monday on a stronger dollar as investors digested Federal Reserve chief Janet Yellen’s defense of the bank’s monetary policy, analysts said.

Posted: August 25th, 2014 in Latest Business Stories | Read More »

BPI Family Bank to pioneer auto loan securitization

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Screengrab from http://www.bpiloans.com/

Leading thrift bank BPI Family Bank plans to pioneer auto loan securitization in the country by unloading part of its auto loan portfolio into a special purpose trust (SPT) which will in turn sell P5 billion in retail bonds backed by these receivables.

Posted: August 20th, 2014 in Latest Business Stories | Read More »

Asia United Bank’s net profit grows by 7.6% to P879.5M in first half of 2014

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Screengrab from http://www.aub.com.ph/home

The Rebisco group’s banking arm Asia United Bank grew its six-month net profit by 7.6 percent year-on-year to P879.5 million on a double-digit growth in core lending and a recovery in treasury earnings, bucking the downturn seen by most of its banking peers.

Posted: August 18th, 2014 in Latest Business Stories | Read More »

BSP: Major banks’ loss buffers down but still above minimum

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Bangko Sentral ng Pilipinas. INQUIRER FILE PHOTO

Loss buffers of banks declined at the end of March following the implementation of stricter regulations over debt securities qualified as capital that took effect at the start of the year, regulators reported Monday.

Posted: August 11th, 2014 in Latest Business Stories | Read More »

Metrobank nets P9.1 B in first half of 2014

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FILE PHOTO

Metropolitan Bank and Trust Co. posted a first-semester net income of P9.1 billion, half the level chalked up in the same period last year when earnings were bloated by extraordinary treasury gains and one-time gains from divestment of shares in car and power generation businesses.

Posted: August 11th, 2014 in Latest Business Stories | Read More »

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