AEV aims to raise P24B via bond offering
Conglomerate Aboitiz Equity Ventures has started a P24-billion fund-raising through a public offering of fixed rate bonds. The post AEV aims to raise P24B via bond offering appeared first on Inquirer...
View ArticleBPI reports 16% increase in six-month net income
Ayala-led Bank of the Philippine Islands grew its net profit in the first semester by 16 percent year-on-year to P9.3 billion on the back of a double-digit rise in both interest income and non-interest...
View ArticleCan OFWs invest even when they’re abroad?
QUESTION: I’ve been reading your investing articles and want to try it myself. However, I’m an OFW. Is there any way for me to invest in the Philippines while I’m abroad? —Bea via e-mail The post Can...
View ArticleHappy to stay away from mergers game
Family businesses are alive and well in the Philippines and more than a dozen were worth more than a billion dollars at the end of last year. Most of the country’s major banks are owned by local...
View ArticleBPI to gain full control of BPI Globe BanKO
Ayala-led Bank of the Philippine Islands (BPI) is set to consolidate and take full control of BPI Globe BanKO (BanKO), the country’s first mobile phone-based savings bank. The post BPI to gain full...
View ArticleBanKO moves to attract underserved households
AYALA-LED Bank of the Philippine Islands (BPI) is reviewing the operations of BanKO—the country’s first mobile-powered, microfinance-oriented savings bank—to incorporate a new business model that will...
View ArticleBPI Family absorbs 8990 CTS receivables worth P1B
MASS HOUSING developer 8990 Holdings has unloaded P1 billion in housing receivables to leading retail bank BPI Family Savings Bank. The post BPI Family absorbs 8990 CTS receivables worth P1B appeared...
View ArticleMillennials seen as new growth driver for banks
UNLIKE the generations before them, today’s young people are not afraid or shy to tap bank loans to buy gadgets, cars, condominium units or to set up businesses. These millennials in their 20s to early...
View ArticleBureau of Plant Industry allows imports of red onions
THE BUREAU of Plant Industry has approved 121 permits for the importation of red onions as Typhoon “Lando” ravaged the country’s main onion-growing areas in Central Luzon. Paz J. Benavidez II,...
View ArticleCPG taps P2.2B loan for Forbes Tower
A CONSORTIUM led by property developer Century Properties Group Inc. (CPG) has tapped a P2.2 billion loan facility with Bank of the Philippine Islands to partly fund construction of the world’s first...
View ArticleLenders pool $525M for 330-MW power plant in Zambales
A consortium of banks led by Bank of the Philippine Islands (BPI) has pooled $525 million in funds to partly finance a new 330-megawatt (MW) coal power plant being developed by the local unit of...
View ArticleBPI nets P18.23B
AYALA-led Bank of the Philippine Islands chalked up a net profit of P18.23 billion last year, 1.1 percent higher than the level in the previous year, as higher interest income compensated for the slump...
View ArticleInterest income boosts BPI bottomline
Ayala-led Bank of the Philippine Islands reported a 1.1-percent increase in net profit to P18.23 billion last year from the level in the previous year, as higher interest income compensated for the...
View ArticleBPI launches index to guide institutional, retail investors
The Bank of the Philippine Islands (BPI) has launched an index series to guide institutional and retail clients who want to invest in Philippine securities. The post BPI launches index to guide...
View ArticleBPI: No breach of confidentiality
The Bank of the Philippine Islands (BPI) has denied there was a breach of confidentiality amid the controversy surrounding the bank accounts of presidential candidate Davao City Mayor Rodrigo Duterte....
View ArticleExpenses cap BPI’s income growth
The first-quarter net income of Ayala-led Bank of the Philippine Islands (BPI) inched up by 1.3 percent year-on-year to P4.98 billion as revenue growth was tempered by a faster increase in expenses....
View ArticleBiz Buzz: From ‘KYC’ to ‘KYR’
Remember how curious citizens deposited over the counter small sums to Davao City Mayor (and now incoming president) Rodrigo Duterte’s bank account in Bank of the Philippine Islands (BPI) to prove...
View ArticleBPI Foundation launches bigger ‘Sinag Business Challenge’
The Bank of the Philippine Islands’ social development arm, BPI Foundation, unveiled a bigger and bolder version of its iconic competition for young social entrepreneurs on Tuesday. Called “BPI Sinag...
View ArticleOneAyala holds PR soiree in San Francisco
SAN FRANCISCO — High up on the 36th floor of the Hyatt Regency on Stockton Street, an executive group headed by Ayala Managing Director, Paolo Borromeo, invited community leaders in a presentation...
View ArticleBPI invests in microfinance bank Rizal Bank
AYALA-led Bank of the Philippine Island has signed a deal to buy a 10 percent stake in microfinance-oriented rural bank Rizal Bank Inc. (RBI), expanding efforts to contribute to financial inclusion in...
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