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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 »

Metrobank offers P5B in LTNCDs

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FILE PHOTO

Local banking giant Metropolitan Bank and Trust Co. launched on Tuesday an offering of least P5 billion worth of long-term negotiable certificates of deposits (LTNCD), taking advantage of ample liquidity in the financial market to generate long-term funding.

Posted: October 8th, 2014 in Headlines | Read More »

8 Philippine banks make it to global rankings list

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bdo

The SM group’s banking arm BDO Unibank Inc. has kept its bragging rights as the Philippines’ top bank in the Top 1,000 Global Banks Ranking 2014 report of British publication The Banker.

Posted: September 12th, 2014 in Headlines,Latest Business Stories | Read More »

GT Capital buys 40% of Toyota Financial

Conglomerate GT Capital Holdings Inc. of the Ty group is buying a 40-percent stake in Toyota Financial Services Philippines Corp. (TFSPC) from the group’s banking arms Metropolitan Bank and Trust Co. and Philippine Savings Bank for P2.1 billion.

Posted: September 2nd, 2014 in Headlines | Read More »

Metrobank H1 earnings drop sans one-time gains

Taipan George Ty-led 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 the bank got a big earnings boost from extraordinary treasury earnings and one-time gains from divestment of shares in car and power generation businesses.

Posted: August 12th, 2014 in Headlines | Read More »

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