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Lawrence Agcaoili
Lawrence Agcaoili
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Citi sees shallow rate cuts in 2024, 2025
by Lawrence Agcaoili - May 12, 2024 - 12:00am
Global banking giant Citi is now expecting smaller interest rate cuts from the Bangko Sentral ng Pilipinas in the next two years due to a more cautious stance on inflation risks.
Metrobank sets aside P5 billion for capital expenses in 2024
by Lawrence Agcaoili - April 18, 2024 - 12:00am
Metropolitan Bank & Trust Co. has earmarked as much as P5 billion for its capital expenditures this year.
Ex-ombudsman hits back at GSIS management, questions deals
by Lawrence Agcaoili - April 16, 2024 - 12:00am
Former ombudsman Ma. Merceditas Gutierrez lashed back at the management of the Government Service Insurance System after the state-run pension fund manager questioned her eligibility as a member of the board of...
‘Ex-ombudsman not qualified to sit on GSIS board’
by Lawrence Agcaoili - April 15, 2024 - 12:00am
Results of an inquiry conducted by the Government Service Insurance System (GSIS) showed that former ombudsman Ma. Merceditas Gutierrez is not qualified to be a member of its board of trustees for not being a member...
UBS sees 2-digit credit growth for Philippines banks
by Lawrence Agcaoili - March 2, 2024 - 12:00am
Banks operating in the Philippines are expected to post a double-digit credit growth this year on the back of robust economic expansion, according to banking giant UBS.
Metrobank raises record $1 billion from international bond market
by Lawrence Agcaoili - March 1, 2024 - 12:00am
Metropolitan Bank & Trust Co. has raised $1 billion as investors gobbled up its dual tranche offering of five and 10-year dollar-denominated notes as part of its return to the offshore debt market.
China Bank nets record P22 billion
by Lawrence Agcaoili - February 28, 2024 - 12:00am
Higher core business revenues boosted the net income of Sy-led China Banking Corp. by 15 percent to hit an all-time high of P22 billion in 2023.
Metrobank eyes return to offshore debt market
by Lawrence Agcaoili - February 28, 2024 - 12:00am
Metropolitan Bank & Trust Co. is returning to the offshore debt market to raise at least $500 million to diversify the bank’s funding sources and support its operations.
RCBC income hits all-time high in 2023
by Lawrence Agcaoili - February 28, 2024 - 12:00am
Rizal Commercial Banking Corp. grew its net income by 1.1 percent to hit a record P12.22 billion in 2023, fueled by faster-than-industry loan and deposit growth.
Wider margins, lower loan provisions boost PNB profit
by Lawrence Agcaoili - February 27, 2024 - 12:00am
Wider margins and lower provisioning for potential loan losses helped boost the profit of Philippine National Bank by 55 percent to P17.97 billion in 2023.
BDO profit hits record P73.4 billion in 2023
by Lawrence Agcaoili - February 27, 2024 - 12:00am
BDO Unibank Inc. grew its earnings by 28.5 percent to hit an all-time high of P73.41 billion in 2023, driven by strong growth across its core businesses.
PNB asset sale seen to yield P5.4 billion
by Lawrence Agcaoili - February 26, 2024 - 12:00am
Philippine National Bank will raise at least P5.41 billion from the disposition and monetization of foreclosed assets in Makati, Mandaluyong and Quezon City next month.
Philippines remains on FATF gray list
by Lawrence Agcaoili - February 25, 2024 - 12:00am
The Philippines failed anew to exit the gray list or list of jurisdictions under increased monitoring after falling short in addressing the remaining concerns on its anti-money laundering and counter-terrorist financing...
Metrobank earns record P42.2 billion in 2023
by Lawrence Agcaoili - February 23, 2024 - 12:00am
Metropolitan Bank & Trust Co. posted record-high earnings of P42.2 billion in 2023, driven by asset expansion, higher margins, improving efficiency levels and better asset quality.
BPI lends fresh P7 billion to Home Credit Philippines
by Lawrence Agcaoili - February 22, 2024 - 12:00am
Bank of the Philippine Islands has extended an additional P7 billion loan to Home Credit Philippines, making it the financing firm’s biggest lender.
Gradual BSP rate cuts likely by Q3
by Lawrence Agcaoili - February 18, 2024 - 12:00am
The Bangko Sentral ng Pilipinas is expected to make gradual interest rate cuts starting in the third quarter of the year, according to global banking giant Citi.
BSP may cut rates by mid-2024
by Lawrence Agcaoili - February 17, 2024 - 12:00am
The Bangko Sentral ng Pilipinas may start cutting interest rates as early as June this year, according to economists.
Philippines, German central banks partner on capacity-building
by Lawrence Agcaoili - February 15, 2024 - 12:00am
The central banks of the Philippines and Germany have formalized their partnership on capacity-building through the signing of a memorandum of understanding.
BPI renews alliance with Mizuho Bank
by Lawrence Agcaoili - February 15, 2024 - 12:00am
The Bank of the Philippine Islands has renewed its alliance with Japan’s Mizuho Bank Ltd., expanding and strengthening the scope of business cooperation between the two banks.
BSP seen to keep rates unchanged
by Lawrence Agcaoili - February 12, 2024 - 12:00am
The Bangko Sentral ng Pilipinas is likely to leave rates unchanged anew this week as it remains on a hawkish stance despite easing inflation.
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