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Union Bank gets BSP nod to triple capital

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unionbank

Union Bank of the Philippines has obtained approval from the Bangko Sentral ng Pilipinas (BSP) to triple its authorized capital to P23.1 billion in line with the bank’s goal to become one of the country’s top three banks by 2020.

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

Banks face future from position of strength

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Theymostly outperformed the rest of the local stock market in the first semester and did not disappoint when it was time to report their interim earnings. Hardened by the Asian financial crisis of 1997 and some minor hiccups during the Wall Street-centered global crunch that followed the collapse of Lehman Brothers in 2008, Philippine banks are seen on track to post another banner year this 2012—notwithstanding a bleak global economic backdrop.

Posted: October 19th, 2014 in Headlines | Read More »

BSP lowers inflation guard, sees stable conditions

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INQUIRER FILE PHOTO

Consumer price increases likely reached their peak at close to 5 percent in July and August, and conditions for the rest of the year should stabilize, a senior monetary official Friday said.

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

FDIs stood at record high in July

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INQUIRER FILE PHOTO

Job-generating investments in the country rose to a record high in July as the Philippines continued to attract more capital from abroad, according to the central bank.

Posted: October 11th, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

SMEs’ fund access improved in Q3

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INQUIRER FILE PHOTO

Small businesses’ access to finance was easier in the third quarter of the year, with banks confident that the country’s strong economic growth would translate into more profitable enterprises.

Posted: October 4th, 2014 in Headlines,Latest Business Stories | Read More »

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