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PCC clears Landbank buyout of Postal Bank

MANILA, Philippines — The Philippine Competition Commission (PCC) has given the go-signal to the transfer of state-run Philippine Postal Savings Bank’s asset.....»»

Category: financeSource: philstar philstarJan 13th, 2018

LANDBANK offers P472 million to buy PSE shares in PDS

The Philippine Stock Exchange, Inc. (PSE) said it has received an offer from the Land Bank of the Philippines (LANDBANK) to buyout its shares in the Philippine Dealing System Holdings Corp. (PDSHC) for P472.12 million. In a disclosure to the stock exchange on Friday, April 27, the PSE said LANDBANK offered to buy its shares […] The post LANDBANK offers P472 million to buy PSE shares in PDS appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 27th, 2018

Dominguez backs Landbank move to acquire controlling stake in PDS

By Melissa Luz T. Lopez, Senior Reporter FINANCE Secretary Carlos G. Dominguez III is backing the move of the Land Bank of the Philippines (Landbank) to acquire the majority stake in the country’s fixed-income exchange, saying that the local stock market operator has taken too much time for the buyout. Mr. Dominguez said he is […] The post Dominguez backs Landbank move to acquire controlling stake in PDS appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 19th, 2018

Landbank buys Postal Savings Bank to make OFW bank

MANILA, Philippines — The Philippine Competition Commission has approved the acquisition of Postal Savings Bank, Inc......»»

Category: financeSource:  philstarRelated NewsJan 11th, 2018

BSP approves Landbank acquisition of postal bank

THE central bank has approved the acquisition of the Philippine Postal Savings Bank (PPSB) by Land Bank of the Philippines (Landbank), which intends to position the takeover target as a lender for overseas Filipinos. At a signing ceremony involving the Bangko Sentral ng Pilipinas (BSP) and the Philippine Competition Commission (PCC), BSP Deputy Governor Chuchi […] The post BSP approves Landbank acquisition of postal bank appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 22nd, 2017

Bank for OFWs could open in February 2018

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) announced on Friday, December 22, that it gave state-run Land Bank of the Philippines (Landbank)  the green light to acquire the Philippine Postal Savings Bank (Postbank). The acquisition will pave the way for the opening of the Overseas Filipino (OF) Bank expected as early ........»»

Category: newsSource:  rapplerRelated NewsDec 22nd, 2017

Transfer of Postal Bank assets to Landbank now for Palace OK

MANILA, Philippines — The Department of Finance (DOF) has submitted to President Duterte a draft executive order for the transfer of state-run Philippine Pos.....»»

Category: financeSource:  philstarRelated NewsSep 22nd, 2017

Finance: Landbank takeover of Postal Bank seen 'very doable' by next year

THE planned takeover by the Land Bank of the Philippines (Landbank) of the Philippine Postal Savings Bank, Inc. (Postal Bank) by next year would be "very doable," a senior central bank official said, with the process before the regulator seen to go smooth.....»»

Category: financeSource:  bworldonlineRelated NewsDec 28th, 2016

Landbank mulls OFW Bank listing

MANILA, Philippines – State-owned Land Bank of the Philippines plans to list Postal Savings Bank, which will be converted into a lender catering to overseas.....»»

Category: financeSource:  philstarRelated NewsDec 20th, 2016

Palace tells LANDBANK to ease lending requirements for farmers

MALACAÑANG said Thursday that President Rodrigo R. Duterte wants the Land Bank of the Philippines (LANDBANK) to reduce the hurdles for obtaining farm loans. The post Palace tells LANDBANK to ease lending requirements for farmers appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 20th, 2018

Duterte to LBP: Ease bank requirements for small farmers

    President Rodrigo Duterte has ordered the Land Bankof the Philippines (LBP) to ease its requirements and make the state-run financial institution accessible to farmers. Presidential Spokesperson Harry Roque said Duterte discussed this matter to LBP officials in a meeting in Malacanang on Wednesday. "Ang gusto kasi niya, yung Landbank bumalik sa kanilang mandato na tulungan yung maliliit na magsasaka, hindi naman kasi pupwede na isang bangko na binuo ng gobyerno para tulungan ang magsasaka, hindi na malapitan ng magsasaka dahil napakadaming requirements na hindi pupuwedeng ma-comply ng mga maliliit na magsasaka," Roque said in a Palace briefing. (What he w...Keep on reading: Duterte to LBP: Ease bank requirements for small farmers.....»»

Category: newsSource:  inquirerRelated NewsSep 20th, 2018

Landbank allots funding to encourage more young agripreneurs

Government-run Land Bank of the Philippines has started a new credit facility that aims to draw more young Filipinos to the local agriculture sector in a bid to boost growth and ensure sustainability of the farm industry......»»

Category: financeSource:  philstarRelated NewsSep 14th, 2018

Metrobank buys out partner in credit card joint venture

Ty-led Metropolitan Bank & Trust Co. (Metrobank) spent another P7.4 billion to complete the buyout of its foreign joint venture partner in the country’s leading credit card provider......»»

Category: financeSource:  philstarRelated NewsSep 6th, 2018

LANDBANK launches JICA-backed lending program to boost ARMM agri

THE LAND BANK of the Philippines (LANDBANK) launched a P2.12-billion financing scheme in the Autonomous Region in Muslim Mindanao (ARMM) and conflict-affected areas in Mindanao (CAAM) to boost the region’s agricultural sector. The post LANDBANK launches JICA-backed lending program to boost ARMM agri appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 4th, 2018

LandBank to lower PDS takeover offer

State-run Land Bank of the Philippines (LandBank) will be lowering its offer price for Philippine Dealing System Holding Corp. (PDSHC), citing a decline in the fixed income exchange operator’s net asset value. “Basically it will be lower than P360 because we have to factor in the dividends they have declared,” LandBank President and CEO Alex [...] The post LandBank to lower PDS takeover offer appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsAug 10th, 2018

Landbank plans lower price offer for PDS shares

State-run Land Bank of the Philippines plans to lower the price it is offering for the purchase of Philippine Dealing System Holding Corp.’s (PDSHC) shares, a top official of the bank said......»»

Category: financeSource:  philstarRelated NewsAug 9th, 2018

Hawks waive Anthony after buyout agreement

The Atlanta Hawks have placed Carmelo Anthony on waivers, hours after reaching an agreement on a contract buyout. He will become a free agent once he clears waivers. A source told ESPN that terms of the buyout call for the 34-year-old Anthony to receive the $27.9 million due to him under the terms of his […].....»»

Category: newsSource:  interaksyonRelated NewsJul 31st, 2018

LandBank extends loans to transport firms for PUV modernization program

State-run Land Bank of the Philippines recently signed loan agreements with two transport companies to help them get started with the shift to safer and more efficient jeepneys in compliance with the government’s PUV modernization program......»»

Category: financeSource:  philstarRelated NewsJul 29th, 2018

Landbank to clients: Preventive maintenance set Saturday morning

Landbank clients, do your electronic banking now. The Land Bank of the Philippines on Friday afternoon advised its clients that there will be a preventive maintenance activity scheduled on Saturday.....»»

Category: newsSource:  philippinetimesRelated NewsJul 28th, 2018

COA to Landbank: Fix cashless ATMs

The Commission on Audit (COA) has called on the Land Bank of the Philippines to address the continuing problem of cashless or offline automated teller machines (ATMs) in Metro Manila......»»

Category: newsSource:  philstarRelated NewsJul 23rd, 2018

COA hits out of cash Landbank ATMs

MANILA, Philippines – The Commission on Audit (COA urged the Land Bank of the Philippines (Landbank) to find a new private firm to handle its automated teller machine (ATMs) due to poor performance of its current service provider. The current service provider was not identified ........»»

Category: newsSource:  rapplerRelated NewsJul 22nd, 2018