Banking and Finance

Central bankers seek new role in brave new world

FRANKFURT- Having struggled to lift anaemic inflation for years, officials including the heads of the ECB, the US Federal Reserve and the Bank of England will attempt to figure out why monetary policy is...

Metrobank’s income before provisions surged 41%; 9M net profit at P11.0 billion

METROPOLITAN Bank & Trust Company (Metrobank) reported that income before provisions grew by 41% to P52.4 billion, which enabled the Bank to set aside additional provisions for bad loans in view of the ongoing...

BPI raises loss provisions to P21.1B

Bank of the Philippine Islands booked P21.06 billion in provisions for loan losses in the first nine months of 2020 in anticipation of an increase in NPL levels in light of the continued weakness...

Asian Banking and Finance awards BDO, subsidiaries

BDO Unibank, Inc. and its two subsidiaries brought home major accolades from Asian Banking and Finance (ABF) for exemplifying banking excellence. BDO Unibank won the Domestic Cash Management Bank of the Year-Philippines Award and ABF...

HSBC’s various campaigns help in rebuilding process

HSBC, throughout the years, has always been active in its efforts to support the community, especially given the challenges brought about by the COVID-19 pandemic. The bank not only came up with relevant and timely...

BPI makes saving for retirement easier

The Bank of the Philippine Islands (BPI) is intensifying its support for the Personal Equity and Retirement Account (PERA) Law. Its subsidiary, BPI Asset Management and Trust Corporation (BPI AMTC), offers clients a wide selection...

Metrobank releases P30M worth of grants to social development partners

Metropolitan Banking Corp. has recently released P30 million worth of grants to social development partners during its annual giving-back tradition, “Anniversary Grants Turnover Ceremony.” The company is celebrating its 58th year. The event was held virtually and attended by key officers...

Fuel marking collection nears P100B

Revenues collected by the government from duties and taxes slapped on fuel has nearly reached the P100 billion mark, since it started to implement its fuel marking program. Data shared by Carlos Dominguez, Department of...

China’s economic recovery underwhelms as consumer comeback stays elusive

BEIJING- China’s retail sales slipped in July, dashing expectations for a modest rise, as consumers in the world’s second-largest economy failed to shake off wariness about the coronavirus, while the factory sector’s recovery struggled...

FWD empowers local businesses to protect their employees

Fast-growing insurer FWD Life Insurance Corporation (FWD Insurance), part of pan-Asian FWD Group, recently launched LiveSafe Plus, a packaged group life insurance plan designed for employees of small and medium businesses. LiveSafe Plus is FWD...