State-owned Development Bank of the Philippines (DBP) full-year net income surged by 50 percent in 2022 reaching P5.61-billion compared to the P3.74-billion that it earned in 2021, as lending activit

Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla said they will do another 25 basis points (bps) rate increase on March 23 on expectation of a lower inflation for the month of February, o

The current Senate version of the proposed Maharlika Investment Fund (MIF) is more acceptable than previous design, particularly since it will not touch the country’s US dollar reserves, according to

An Islamic bank based in Turkey is exploring ways to put up a subsidiary or unit in the Philippines and could possibly be the first foreign bank to go into Islamic finance here, according to a centra

The government will infuse P10 billion as additional capital to the Bangko Sentral ng Pilipinas (BSP), raising its current P50 billion to P60 billion authorized capitalization, but still short of the

The central bank raised the auction volume of 28-day securities on Monday, Feb. 27 to P160 billion from the previous week’s P140 billion but it was undersubscribed with a higher yield.Bangko Sentral

Rizal Commercial Banking Corporation reported a 71 percent surge in net income to P12.1 billion last year, supported by the double-digit increase in core business income.In a disclosure to the Philip

BOO Unibank, Inc. reported a 33 percent jump in profits to P57.1 billion last year from P42.8 billion in 2021, driven by robust growth across its core businesses.In a disclosure to the Philippine Sto

The Bangko Sentral ng Pilipinas (BSP) forecasts February inflation to hit a high of 9.3 percent or a low of 8.5 percent versus January’s actual rate of 8.7 percent amid persistent high prices.In a st

Security Bank Corporation posted a 53 percent jump in net income to P10.6 billion in 2022, driven by growth in core businesses, lower credit provisions and normalized income tax provisions. In a disc