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Friday, April 19, 2024

Banking & Finance

Recto heads G24 meeting, asks WB, IMF for more action

Finance Secretary Ralph Recto called on the World Bank and the International Monetary Fund (IMF) to act decisively and ramp up support for developing nations. “The peace and prosperity of future generations rest in our hands. We cannot afford any delay or inaction,” Recto said in his opening remarks as chair of the Intergovernmental Group of Twenty-Four (G-24) on April 16, 2024. Formed in 1971, G-24 helps coordinate the positions of...

BDO’s income rose 12% to P18.5b in first quarter

BDO Unibank Inc., the country’s largest lender led by the SM Group,...

China Bank declares P5.9b cash dividends

China Banking Corp. (Chinabank) on Thursday declared total cash dividend of P5.9...

Peso continues to slide, closes at 57.18 a dollar

The Philippine peso fell against Wednesday, closing at 57.18 against the US...

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BPI plans to raise P10 billion to fund green projects

Bank of the Philippine Islands, the third-largest lender in terms of assets, plans to raise P10 billion to finance green projects through its Green...

Banks sustained positive momentum in first half

Banks sustained their positive momentum in the first half going into the third quarter as loan growth and asset quality stayed resilient in the...

BSP delivers 75-bps interest rate hike to catch up with Fed

The Monetary Board, the policy-setting body of the Bangko Sentral ng Pilipinas, on Thursday raised the benchmark policy rate by 75 basis points to...

EastWest Bank’s income improved in third quarter

East West Banking Corp. said Wednesday net income in the first nine months declined 41 percent to P3 billion from P5.1 billion a year...

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