Banking & Finance

Metropolitan Bank & Trust Co. (Metrobank) reported a net income of ₱12.6 billion in the first quarter of 2026, supported by steady asset growth, improved margins, and stronger fee-based revenues. In a recent statement, the bank said net interest income rose by 13 percent to ₱33.4 billion, reflecting sustained lending activity and better yields. Gross loans expanded by 9.2 percent, …

The Asian Development Bank recently launched a new financing facility designed to help countries in Asia and the Pacific develop critical minerals supply chains that support clean energy technologies, electric vehicles, batteries, and digital industries. The Critical Minerals-to-Manufacturing Financing Partnership Facility includes two main components: a grant window and a catalytic finance window. The initiative aims to support the full …

The Land Bank of the Philippines has partnered with the Department of Science and Technology to expand financing and technical support for micro, small and medium enterprises (MSMEs) and startups across the country, reinforcing efforts to promote innovation-driven growth. The agreement was formalized through a Memorandum of Understanding signed on May 4, 2026, led by DOST Secretary Renato Solidum Jr. …

The Philippine National Bank (PSE: PNB) reported a net income of ₱6.37 billion for the first quarter of 2026, marking a 5 percent year-on-year increase, supported by sustained growth in core banking operations, higher lending activity, and disciplined cost management. The bank said growth was driven by improved loan volumes and steady expansion in its revenue streams despite a volatile …

Malacañang has underscored that the Bangko Sentral ng Pilipinas (BSP) remains the key institution responsible for managing peso stability, as the local currency continues to weaken against the US dollar and hit record-low levels. Palace Press Officer Claire Castro said the government views the peso’s depreciation as largely driven by external pressures rather than domestic economic weaknesses. She pointed to …

The Land Bank of the Philippines is rolling out a wider set of financial support measures to help cushion the impact of rising fuel prices, aligning its programs with the government’s Unified Package for Livelihoods, Industry, Food and Transport (UPLIFT). Land Bank of the Philippines President and CEO Lynette Ortiz said the bank is working closely with the Department of …

The Bureau of the Treasury (BTr) successfully raised ₱25 billion from a dual-tranche issuance of Treasury bonds on Tuesday, reflecting continued investor demand for government securities despite elevated interest rates. The Bureau of the Treasury sold reissued bonds across two tenors, including a four-year-and-two-month paper and a 10-year benchmark bond. The reissued four-year T-bond fetched an average rate of 6.741 …

BDO Unibank reported a modest rise in first-quarter earnings, posting a net income of ₱20.1 billion, up 2 percent from ₱19.7 billion in the same period last year, driven by steady growth across its core lending and deposit businesses. In a disclosure, the bank said net interest income increased by 11 percent, supported by strong expansion in consumer lending. Gross …

The Philippine government has welcomed the inclusion of peso-denominated government bonds in a major global benchmark, a move officials say underscores growing investor confidence in the country’s economic fundamentals. In a joint statement, the Department of Finance (DOF), Bureau of the Treasury (BTr), and Bangko Sentral ng Pilipinas confirmed that J.P. Morgan will add Philippine government bonds to its Government …

The Bangko Sentral ng Pilipinas on Thursday raised its key policy rate by 25 basis points to 4.5 percent, citing worsening inflation pressures driven by rising global oil prices linked to the Middle East conflict. In its latest move, the Monetary Board also adjusted the overnight lending and deposit facility rates to 5 percent and 4 percent, respectively. It was …