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PH banks' growth 'tempered' until 2021 on weaker economy, COVID cases: analyst

ABS-CBN News
Updated as of Nov 25 02:35 PM

MANILA - Philippine banks' recovery and growth are seen to be "tempered" until next year given the lingering effects of the pandemic on the economy, an analyst at Fitch Ratings told ANC's Market Edge. Read more »

BDO says all bank branches now open until 4pm

ABS-CBN News
Posted at Nov 19 04:21 PM

BDO Unibank Inc said all of its BDO and BDO Network Bank branches are now operating until 4 p.m. from 2 p.m. to cater to the banking needs of clients affected by shortened hours during the community quarantines. Read more »

SM Investments net income down 54 pct in Jan-Sept period as pandemic bites

ABS-CBN News
Posted at Nov 04 04:06 PM

SM Investments Corporation (SMIC) booked a net income of P15.2 billion in the January to September period, lower by 54 percent from P33.1 billion it posted in the same period last year, the company disclosed to the stock exchange Tuesday. Read more »

BDO says trust unit reaches P1-T milestone in managed assets

ABS-CBN News
Posted at Nov 03 01:08 PM

BDO Unibank's Trust Group reached the P1 trillion milestone for assets under management due to the strong take-up of its unit investment trust funds (UITFs), the bank said on Tuesday.   Read more »

BDO posts P12.3-B income in the third quarter, cautions pandemic impact not yet over

ABS-CBN News
Updated as of Oct 26 03:09 PM

BDO Unibank said on Monday it posted P12.3 billion in net income in the third quarter despite the continuing impact of the pandemic. Read more »

BDO partners with sari-sari stores, community businesses for cash needs in far-flung areas

ABS-CBN News
Updated as of Oct 21 11:06 AM

BDO Unibank said Wednesday it found a way to provide banking services such as withdrawals for the unbanked and residents of far-flung areas where there are no banks or automated teller machines.   Read more »

BDO says qualified clients may apply for 60-day loan reprieve under Bayanihan 2

ABS-CBN News
Posted at Oct 01 12:00 PM

BDO Unibank on Thursday said qualified clients may apply for the 60-day grace period on payment of loans under the Bayanihan to Recover as One law or Bayanihan 2.   Read more »

BDO digital channels inaccessible on 'substantially' higher volume, says upgrade in progress

ABS-CBN News
Updated as of Sep 30 01:27 PM

BDO Unibank said Wednesday it was taking steps to upgrade its digital banking channels as "substantially" higher volume made it inaccessible.  Read more »

BDO says digital banking app now 'fully supported' on iOS 14

ABS-CBN News
Posted at Sep 29 04:17 PM

BDO Unibank said Tuesday the upgraded version of its digital banking app is now available on the Apple App Store and that it is now "fully supported" on iPhone's iOS 14.   Read more »

BDO says working on app update for iPhone iOS 14 users

ABS-CBN News
Updated as of Sep 18 02:58 PM

BDO Unibank on Friday said it is working on updating its banking app after Apple iPhone users who upgraded to iOS 14 experienced "issues" with it. Read more »

BDO rural bank unit opens digital channels to extend 'lifeline loans', other services for MSMEs

ABS-CBN News
Posted at Sep 16 03:27 PM

BDO Unibank said Wednesday its rural banking unit opened digital channels to reach more consumers in need of loans and other services. Read more »

BDO rural bank unit says ATMs now accept VISA, Korea's KFTC cards

ABS-CBN News
Posted at Aug 26 04:59 PM

BDO Unibank said Wednesday its rural banking arm now accepts VISA and Korea Financial Intermediaries and Clearing Institute (KFTC) cards in its automated teller machines.  Read more »

Antitrust body approves Lim group’s buyout of shares in BDO Leasing

ABS-CBN News
Posted at Aug 11 02:00 PM

The Philippine Competition Commission said Tuesday it approved the Lim group's acquisition of shares in BDO Leasing and Finance Inc.  Read more »

SM Investments says H1 net income down 69 percent, within expectations

ABS-CBN News
Posted at Aug 05 03:49 PM

SMIC’s retail, property and banking businesses all saw sharp declines in their incomes as the COVID-19 pandemic and the ensuing lockdowns sapped sales.  Read more »

PSE Index falls as Metro Manila reverts to stricter lockdown

ABS-CBN News
Posted at Aug 03 02:49 PM

Philippine share prices took a beating on Monday after President Rodrigo Duterte announced that Metro Manila and several of the most economically productive provinces near the capital would again be placed under the second strictest quarantine measure.   Read more »

BDO nets lower H1 profit on provisioning for potential delinquencies

ABS-CBN News
Posted at Jul 27 03:34 PM

BDO Unibank said Monday said its net income for the first half reached P4.3 billion to reflect the provisions in anticipation of potential delinquencies due to the coronavirus pandemic. Read more »

AMLC: 57 people, 'entities of interest' probed in Wirecard scandal

Warren de Guzman, ABS-CBN News
Updated as of Jul 25 03:54 PM

MANILA - The Philippine Anti-Money Laundering Council (AMLC) said Friday it was looking to wrap up its investigation in August into the alleged $2.1-billion missing funds from German payments solution company Wirecard. Read more »

Bangko Sentral welcomes international coordination in Wirecard probe

ABS-CBN News
Updated as of Jul 17 11:58 AM

The Bangko Sentral ng Pilipinas said Friday it was open to coordination with international authorities to hold individuals involved in the Wirecard scandal accountable. Read more »

Wirecard scandal used names of PH banks to 'cover perpetrators tracks': BSP Diokno

ABS-CBN News
Updated as of Jul 06 04:07 PM

The Wirecard scandal used the names of the country's top lenders to cover fraudsters tracks, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday.  Read more »

Philippine financial system 'sound', strict rules in place for bank certifications: BAP

ABS-CBN News
Posted at Jun 30 10:13 AM

The Bankers Association of the Philippines said Tuesday the country's financial system was "sound" despite some rogue individuals who falsified documents to link local banks to the Wirecard scandal.  Read more »