PBB grew net profit to P593M in first quarter
Newly listed Philippine Business Bank grew its first-quarter net profit by 34.1 percent year-on-year to P593 million on strong contributions from its treasury business.
Newly listed Philippine Business Bank grew its first-quarter net profit by 34.1 percent year-on-year to P593 million on strong contributions from its treasury business.
The Zest-O group’s newly listed thrift bank arm Philippine Business Bank posted P654 million in net profit last year, 12 percent lower than the previous year, due to narrower interest margins and some nonrecurring expenses. Excluding one-time expenses booked in 2012, core net profit stood at P734 million, still lower than P746.97 million a [...]
Shares of Philippine Business Bank rose by 15.39 percent on the thrift bank’s stock trading debut Tuesday, riding on a buoyant equities market and upbeat prospects for the bank.
It was not part of his tight schedule during his trip to Davos but (WEF) newbie P-Noy had a brief encounter with the iconic Bill Gates coming out of a meeting with WEF founder and executive chair Klaus Schwab. Emerging from the meeting with Schwab, it so happened that Gates was the next person in line so the two were able to exchange pleasantries and pose for photos. The chance encounter with Gates—a long-time WEF backer and regular Davos attendee—took about three minutes.
One would think that, after all the financial malfeasance that has happened these last few years, people would have wisened up to scammers by now.
Thrift bank Philippine Business Bank, the first local company to go public this year, plans to expand its branch network to 100 by yearend to boost its capability to reach out to its target market: small and medium enterprises (SMEs).
The Philippine Stock Exchange has approved an initial public offering worth about P4.25 billion by Philippine Business Bank, setting the stage for the first Philippine stock market debut this year.
PHILIPPINE Business Bank (PBB) wants to ramp up treasury services offered to small- and medium-enterprise clients through the help of a front-to-back office banking software that the central bank is also rolling out.
Philippine Business Bank (PBB), the thrift bank arm of businessman Alfredo Yao’s Zest-O group, has obtained approval from the Securities and Exchange Commission to conduct an initial public offering worth up to P4.25 billion.
The organizers of the two-day International Conference on Mining in Mindanao late last week in Ateneo de Davao University seem to have had a pre-ordained result in mind.
After a nine-year wait, the Philippine Stock Exchange now sees the proverbial “light at the end of the tunnel” for the construction of its future headquarters and unified trading floor in Bonifacio Global City. The PSE and Ayala Land Inc., with much prodding from PSE chairman Jose “Titoy” Pardo, are now nearing a compromise on the long-stalled BGC property donation that was committed to the exchange even before the Ayalas’ takeover of BGC (originally a project of the Metro Pacific group).
