Union Bank eyes 15% profit growth
By
Ted P. Torres
| May 29, 2004 - 12:00am
The Union Bank of the Philippines (UBP) is looking at a modest 10 to 15 percent growth in net income for 2004 after averaging an annual growth of nearly 40 percent in the past few years. From P2.15 billion last...
Business
Union Bank posts record net income
By
Ted P. Torres
| July 28, 2003 - 12:00am
Union Bank recorded a whopping P1.707 billion in net income for the first semester this year, more than double the P851 million registered in the same period last year. Union Bank president and chief operating...
Business
Valdepeñas reappointed to MB; Montecillo named BSP consultant
August 10, 2002 - 12:00am
President Arroyo has reappointed her former economics professor Vicente Valdepeñas as member of the Monetary Board but another outgoing board member, Teodoro Montecillo, was not so lucky after his reappointment...
Business
RP lending rates 3rd lowest in Asia
By
Des Ferriols
| July 22, 2002 - 12:00am
The Philippines has one of the lowest lending rates in the Asian region but this has done little to stimulate economic activity as banks continued to avoid aggressive lending to the corporate sector that has little...
Business
Treasury bill rates plunge to new historic lows
By
Des Ferriols
| April 30, 2002 - 12:00am
Treasury bill (T-bill) rates plunged to new historic lows in yesterday’s auction, with long-term bills finally closing the gap with the benchmark 92-day T-bills.
Business
Forcing down T-bills not healthy for banking sector, says banker
By
Des Ferriols
| April 22, 2002 - 12:00am
Few bankers are willing to say that Treasury bill rates have bottomed out, but some say forcing interest rates down is no longer healthy for the banking industry since lending rates have long been de-linked from...
Business
BSP to extend credit lines with JP Morgan, Citibank
January 15, 2002 - 12:00am
The Monetary Board (MB), the policymaking body of the Bangko Sentral ng Pilipinas (BSP), approved a plan for the central bank to seek an extension of its credit line with JP Morgan Chase, and possibly, also with...
Business
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