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China Bank posted P5.56-billion earnings

China Bank posted P5.56-billion earnings.....»»

Category: financeSource: thestandard thestandardNov 8th, 2018

China Bank earnings fall 2% in 9 months

Earnings of listed China Banking Corp. slipped 2.1 percent to P5.56 billion in the first nine months from P5.68 billion in the same period last year due to lower trading gains and non-recurring income......»»

Category: financeSource:  philstarRelated NewsNov 8th, 2018

World’s biggest bank, other Chinese banks post solid profit growths in 2018

Chinese banking giant ICBC, the world's biggest bank by assets, posted solid profit growth for the first half of the year Thursday but warned that the US-China trade war could pose risks. Net profit for Industrial & Commercial Bank of China climbed almost five percent to 160.4 billion yuan ($23.5 billion) between January and June compared to the same period last year, the bank said in a statement to the Hong Kong exchange, where it is listed. The country's three other top banks posted similarly strong results this week. China's second-largest lender, China Construction Bank, said earlier this week that its net profit grew 6.3 percent to 147 billion yuan. Agricultural Bank...Keep on reading: World’s biggest bank, other Chinese banks post solid profit growths in 2018.....»»

Category: newsSource:  inquirerRelated NewsAug 30th, 2018

World’s biggest bank, other Chinese banks post solid profit growths in 2018

Chinese banking giant ICBC, the world’s biggest bank by assets, posted solid profit growth for the first half of the year Thursday but warned that the US-China trade war could pose risks. Net profit for Industrial & Commercial Bank of China climbed almost five percent to 160.4 billion yuan ($23.5 billion) between January and June… link: World’s biggest bank, other Chinese banks post solid profit growths in 2018.....»»

Category: newsSource:  manilainformerRelated NewsAug 30th, 2018

China Bank profit hits P3.6B

Sy family-led China Bank Corp. posted P3.6 billion in net profit in the first half, unchanged from a year ago, on reduced reliance on securities trading. Six-month core or recurring operating incom.....»»

Category: newsSource:  philippinetimesRelated NewsAug 3rd, 2018

China Bank profit flat at P3.6 B in H1

Earnings of Sy-led China Banking Corp. was flat at P3.6 billion in the first half despite the sharp drop in fee-based revenues as the listed bank reduced its reliance on securities trading......»»

Category: financeSource:  philstarRelated NewsAug 2nd, 2018

LT Group profit rises 15% in 2017 lifted by PNB

LT Group, Inc. (LTG) posted a net income of P10.83 billion in 2017, higher by 15% compared with P9.39 billion in the earlier year, with its banking unit accounting for nearly half of earnings, the listed holding firm told the stock exchange on Friday. Philippine National Bank (PNB) accounted for P4.83 billion of the attributable […] The post LT Group profit rises 15% in 2017 lifted by PNB appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 17th, 2018

China Bank net profit up 15%

CHINA BANKING Corp. (China Bank) saw its net income grow in 2017 on the back of sustained growth in its core and fee-based businesses. In a disclosure to the local bourse on Friday, China Bank said it posted a consolidated income of P7.4 billion last year, 15% higher than the P6.5 billion it recorded in […] The post China Bank net profit up 15% appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 9th, 2018

China Bank books higher earnings in 3rd quarter

CHINA BANKING Corp. (China Bank) saw its net income grow in the third quarter as its core and fee-based businesses expanded. In a disclosure on Thursday, Sy-led China Bank said its consolidated net income in the third quarter stood at P2.09 billion, up by 32% from the P1.58 billion recorded in the same period a […] The post China Bank books higher earnings in 3rd quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 10th, 2017

Security Bank income up in Q3

SECURITY BANK Corp. saw its net profit rise in third quarter on the back of interest earnings. In a disclosure to the Philippine Stock Exchange on Monday, Security Bank said its net income stood at P2.14 billion in the three months ended September, up 21% from the P1.8 billion posted in the same period a… link: Security Bank income up in Q3.....»»

Category: newsSource:  manilainformerRelated NewsNov 7th, 2017

Security Bank income up in Q3

SECURITY BANK Corp. saw its net profit rise in third quarter on the back of interest earnings. In a disclosure to the Philippine Stock Exchange on Monday, Security Bank said its net income stood at P2.14 billion in the three months ended September, up 21% from the P1.8 billion posted in the same period a […] The post Security Bank income up in Q3 appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 6th, 2017

PH’s 2018 dollar outflow blows through BSP’s worst-case forecast

  The amount of dollars spent by the Philippines will outstrip its total dollars earnings by a significantly higher gap this year than government planners' already pessimistic projections, the latest data from the Bangko Sentral ng Pilipinas revealed on Friday.   In a press briefing, BSP officials said that they expect the country's balance of payments ---the aggregate net value of all transactions between the local economy and the rest of the world---to end 2018 at a deficit of $5.5 billion.   This marks a 266-percent increase in the expected net dollar outflows from the $1.5-billion yearend deficit the central bank projected just six months ago which was, ...Keep on reading: PH’s 2018 dollar outflow blows through BSP’s worst-case forecast.....»»

Category: newsSource:  inquirerRelated NewsDec 15th, 2018

World Bank projects growth in remittances to PH slowing to 2.8%

The Philippines is expected to remain among the biggest destinations of remittance flows this year even as the World Bank projected slower growth due to the repatriation of overseas Filipino workers (OFWs) from the Middle East.   In its December 2018 Migration and Remittances: Recent Developments and Outlook report, the Washington-based multilateral lender said the top remittance-receiving countries would be India ($79.5 billion), China ($67.4 billion), the Philippines and Mexico (both $33.7 billion), Egypt ($25.7 billion), and Nigeria ($25.1 billion).   Also among the 10 countries seen receiving the largest remittance flows in 2018 were Pakistan ($20.9 billion), Uk...Keep on reading: World Bank projects growth in remittances to PH slowing to 2.8%.....»»

Category: newsSource:  inquirerRelated NewsDec 14th, 2018

BPI Posts 12% Increase in Q3 Net Income

Bank of the Philippine Islands (BPI) posted P5.98 billion in net income for the third quarter of 2018, up 12% from P5.36 billion in the same period last year, led by 21% growth in net interest income. For the first nine months of the year, net income reached P17.01 billion, flat versus last year. Comprehensive […].....»»

Category: newsSource:  metrocebuRelated NewsNov 24th, 2018

Bank of China, DOF sign MOU on panda bond issuance

The Department of Finance (DOF) and the Bank of China (BOC) on Tuesday forged a cooperation agreement to help facilitate the Philippine government’s future panda-bond issuances worth six billion renminbi (RMB) over the next two years......»»

Category: financeSource:  philstarRelated NewsNov 22nd, 2018

Security Bank Q3 net income up 5% to P2.25B

For the July-to-September quarter, Security Bank Corp. reported P2.25 billion in net income, up 5 percent from year-ago level and 15 percent from a quarter earlier. A key driver for the earnings growth was the continued expansion of its consumer loans and low-cost deposits. Consumer loans grew 48 percent year-on-year while low-cost deposits increased 18 […].....»»

Category: newsSource:  tribuneRelated NewsNov 5th, 2018

UnionBank’s net earnings down to P6.1B

Union Bank of the Philippines’ (UnionBank) net profit decreased by 4.6 percent to P6.1 billion in the first nine months of 2018 from P6.4 billion in the same period last...READ MORE The post UnionBank’s net earnings down to P6.1B appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 29th, 2018

Philippines’ Sept. BOP deficit highest in nearly 5 years

MANILA — The Philippines posted its largest monthly balance of payments deficit in nearly five years in September, mainly due to the central bank’s foreign exchange operations and the government’s foreign debt payments, the central bank said on Friday. September’s balance of payments (BOP) deficit of $2.7 billion, which was the highest since January 2014, brought the gap […] The post Philippines’ Sept. BOP deficit highest in nearly 5 years appeared first on Interaksyon......»»

Category: newsSource:  interaksyonRelated NewsOct 19th, 2018

Trillanes eyes President’s son as hostile witness in drug probe

Sen. Antonio Trillanes IV on Sunday said Paolo Duterte's filing libel charges against him had given him a chance to call the son of President Rodrigo Duterte as a hostile witness in a Senate drug smuggling inquiry. A hostile witness is someone who is called to an investigation but refuses to tell the truth. In a statement, Trillanes said Paolo Duterte's legal actions would enable him to pressure the resigned vice mayor of Davao City to open his bank accounts. Duterte has filed libel charges against Trillanes for linking him to the smuggling into the Philippines of "shabu" (crystal meth) worth P6.4 billion from China and for alleging that he and his brother-in-law, lawyer Manases...Keep on reading: Trillanes eyes President’s son as hostile witness in drug probe.....»»

Category: newsSource:  inquirerRelated NewsSep 23rd, 2018

Current account gap hits $3.1B

The Philippine economy spent substantially more than what it earned through foreign trade in the first half of 2018, with the resulting currency outflows further depressing the value of the peso against the US dollar. In a statement, the Bangko Sentral ng Pilipinas (BSP) said the country's current account posted a deficit of $3.1 billion in the first six months of the year. This was markedly higher than the $133-million deficit recorded in the same period in 2017. At this level, the current account---which tallies the country's trade surplus of gap with the rest of the world---already hit the $3.1-billion full year target of the central bank only halfway into 2018. "This outcome...Keep on reading: Current account gap hits $3.1B.....»»

Category: newsSource:  inquirerRelated NewsSep 15th, 2018

Asia Inc. Q2 profits grow at slowest pace in nearly 2 years

ASIAN companies posted their lowest profit growth in nearly two years in the June quarter and earnings are likely to come under further pressure, weighed down by the escalating US-China trade war and high currency volatility, Reuters analyses showed. The post Asia Inc. Q2 profits grow at slowest pace in nearly 2 years appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 13th, 2018