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Metrobank posts P8-B net income in first quarter 2022

ABS-CBN News
Posted at Apr 29 11:50 AM

Metropolitan Bank & Trust Company on Friday said it posted a net income of P8 billion in the first quarter of 2022. Read more »

UnionBank posts P2.6-B net income in Q1 2022

ABS-CBN News
Updated as of Apr 26 11:07 AM

UnionBank of the Philippines said its net income reached P2.6 billion for the first quarter of 2022. Read more »

BDO posts P11.7-B net income for Q1 2022

ABS-CBN News
Posted at Apr 22 04:22 PM

BDO Unibank said its net income for the first quarter of 2022 rose 13 percent to P11.7 billion. Read more »

UnionBank says net income up 9 percent in 2021

ABS-CBN News
Posted at Jan 31 11:23 AM

UnionBank of the Philippines on Monday said it posted a net income of P12.6 billion in 2021. Read more »

Digital bank Tonik says deposits surpass P5-B in first 8 months

ABS-CBN News
Posted at Dec 09 11:50 AM

Digital bank Tonik said Thursday consumer deposits have surpassed the P5 billion mark 8 months after it started to operate. Read more »

China, Russia mull developing coal deposits in Russia

Laura Zhou, South China Morning Post
Posted at Nov 19 01:38 PM

Beijing and Moscow are discussing long-term contracts to jointly develop coal deposits in Russia, the country’s deputy prime minister has said. Read more »

RCBC net income at P5.3 billion in first 9 months

ABS-CBN News
Updated as of Nov 15 10:09 AM

Rizal Commercial Banking Corp said Monday its unaudited consolidated net income surged 33 percent to P5.3 billion for the first 9 months of the year compared to the same period last year. Read more »

Basic deposit accounts up 51 percent in first quarter: BSP

ABS-CBN News
Posted at Nov 08 11:11 AM

Basic Deposit Accounts (BDAs) in the first quarter of 2021 rose by 51 percent to 7 million from 4.6 million in the same period last year, the central bank said Monday. Read more »

China Bank net income up 35 percent

ABS-CBN News
Posted at Nov 04 11:32 AM

China Banking Corp on Thursday said it posted a consolidated net income of P11.2 billion for the January to September period. Read more »

New digital bank Tonik offers time deposit interest up to 6 percent

Jessica Fenol, ABS-CBN News
Posted at Mar 18 05:53 PM

Newly-launched all-digital bank Tonik said it is offering a time deposit interest rate of up to 6 percent and savings account interest rate of up 4.5 percent. Read more »

Japan bank deposits rise at record pace as firms, households hoard cash

Leika Kihara, Reuters
Posted at Feb 08 10:43 AM

Japanese bank deposits surged at a record annual pace in January, data showed on Monday, a sign companies and households were continuing to hoard cash to guard against the prolonged damage from the coronavirus pandemic. Read more »

Could the world’s deep seas become China’s mining frontier?

Stephen Chen in Beijing, South China Morning Post
Posted at Feb 02 12:24 PM

Chinese researchers have spent the last decade mapping the globe’s ocean floors looking for potential mineral deposits. The results offer insight into what kind of reserves are out there, scientists say. Read more »

EastWest Bank says branch manager gone missing with money of 2 depositors

ABS-CBN News
Updated as of Jan 14 09:20 PM

In a statement, EastWest Bank admitted that one of its branch managers “has gone missing together with the deposits of her two customers with whom she had been transacting for years." Read more »

Thrift banks seek higher insurance coverage on deposits, other measures

ABS-CBN News
Posted at Oct 13 02:38 PM

The Chamber of Thrift Banks on Tuesday sought the help of the central bank to extend the lower minimum liquidity requirement for thrift banks and to raise the insurance coverage of deposits under the Philippine Deposit Insurance Corp. Read more »

De Lima wants to exclude gov't officials from Bank Secrecy Law

ABS-CBN News
Posted at Jul 26 05:40 PM

MANILA - Sen. Leila de Lima wants to exclude government officials and employees from the Bank Secrecy Law "to prevent corruption and ensure transparency in public office." Read more »