BSP seen keeping policy rates steady
By Paolo G. MontecilloMonetary authorities are expected to keep policy rates at record lows this Thursday amid benign inflation pressures and the economy’s rapid growth.
Monetary authorities are expected to keep policy rates at record lows this Thursday amid benign inflation pressures and the economy’s rapid growth.
Banco de Oro, the country’s largest bank, expects to breach the P20-billion net profit mark this year as hefty trading gains in the first quarter are seen complementing robust interest earnings.
Banco de Oro Unibank is set to redeem by end-May this year P10 billion worth of debt notes qualifying as tier 2 capital.
Banco de Oro Unibank started offering on Monday a new tranche of high-yielding deposits worth up to P5 billion as part of efforts to stretch out the maturity profile of its funding sources and support its medium-term growth objectives.
Q: In your last Friday’s column, you talked about banks extending their marketing to life insurance. We have also noticed that banks like the two largest banks—BPI and BDO—are also expanding into owning and operating real estate development and shopping malls. Why are banks going into these businesses?
The local stocks index was seen rallying for the fifth straight year in 2013, targeting the 6,000 to 6,500 levels alongside a rosy local economic backdrop, Banco de Oro Unibank’s chief market strategist said. In his yearend report, BDO’s Jonathan Ravelas also projected a peso-dollar range of 39 to 43.50 against the dollar for the [...]
BDO Unibank, Inc.’s (BDO) loyalty program—BDO Rewards—was recognized in the recently concluded 3rd Annual Colloquy Loyalty Awards held in California, USA.
Fund manager Marvin Fausto believes in long-term investing and has raised his own kids to be the perfect poster boys of learning about stock market investing early on. After all, the chief investment officer of the country’s largest bank Banco de Oro Unibank which has P730 billion worth of assets under management—has made it his lifetime advocacy to help empower Filipinos through prudence in handling hard-earned money.
BDO Unibank grew its first semester net income by 15 percent year-on-year to P5.83 billion on higher interest and non-interest income.
Publicly listed Phoenix Petroleum Philippines has gotten last week the approval of its board for the issuance of P500 million in convertible notes, with warrants worth P180 million.
Banco de Oro Unibank has completed a landmark $1-billion stock rights offering that will double its core or tier 1 capital, positioning tycoon Henry Sy’s banking arm for further growth amid a regime of more stringent capital adequacy requirements.
Moody’s Investors Service improved its outlook on the country’s four biggest banks from “stable” to “positive,” indicating a probability of better credit ratings in the near term given their generally sound financial performance.
