Banking & Finance

By Jerry Maglunog Rapid and huge bank financing is expected in 2016, as businesses grow and diversify into other ventures to take advantage of a growing market, a Bangko Sentral ng Pilipinas (BSP) official has predicted.

The Association of Southeast Asian Nations (Asean) attracted $136.2 billion in foreign direct investments (FDI) in 2014, up from $117.7 billion in 2013, marking a rise of FDI flows for the third consecutive year. 

By Jerry Maglunog While local banks are required to engage in lending to needy sectors, as it is the essence of banking, trading remains the biggest revenue source for most.

By Jerry Maglunog  Metropolitan Bank and Trust Company (Metrobank) has been named the Strongest Bank in the Philippines in The Asian Banker 500 (AB 500) Strongest Bank by Balance Sheet Ranking 2015. Metrobank ranked ninth overall in Asia, which marks the first time that a Philippine bank has made it to the Top 10 list. The AB 500 is an …

State pension fund Social Security System (SSS) has earned an international citation from the world’s leading association of social-security institutions for its various programs launched in recent years to promote inclusive growth by targeting informal sector (IS) workers and hard-to-reach rural areas of the country. 

By Jerry Maglunog Tougher competition in the banking sector is expected as more foreign banks and rapidly expanding domestic lenders are seen to open more branches by next year. 

By Riza Lozada The Philippine National Bank (PNB) reported a group profit of P4.7 billion for the first nine months ending September, which was P1 billion higher than the figure posted a year ago.

By Jerry Maglunog Regardless of the type of bank, the trend is to create units that will engage in the industrial sector to realize gains from the country’s fast-growing economy.

The Management Association of the Philippines (MAP) recently conferred on Bangko Sentral ng Pilipinas (BSP) Gov. Amando Tetangco Jr. the MAP Management Man of the Year 2015 award. 

By Jerry Maglunog The 512 rural banks (RBs), fast becoming an endangered breed, are mostly in dire need of white knights, according to the president of the Rural Bankers’ Association of the Philippines (RBAP).