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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 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

Bangko para sa mga overseas Filipino, magbubukas sa January 20, 2018- Bello

Inihayag Labor Secretary Silvestre Bello III na magbubukas na ang Overseas Filipino Bank (OFB) on January 20, 2018 na papalit sa Philippine Postal Savings Bank (PPSB). Source link link: Bangko para sa mga overseas Filipino, magbubukas sa January 20, 2018- Bello.....»»

Category: newsSource:  manilainformerRelated NewsDec 15th, 2017

Fitch upgrades lenders’ ratings

FITCH RATINGS raised its scores for government-owned Land Bank of the Philippines (Landbank) and Development Bank of the Philippines (DBP) to investment grade following its move to upgrade the sovereign’s rating earlier this week. The long-term issuer default ratings (IDRs) of Landbank and DBP were upgraded by a notch to “BBB-,” the minimum investment grade […] The post Fitch upgrades lenders’ ratings appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsDec 14th, 2017

Moody’s affirms LandBank credit rating

MOODY’S Investors Service has affirmed the Baa2/Prime 2 investment grade credit rating of state-run Land Bank of the Philippines (LBP), with a stable outlook. Moody’s has also upgraded the baseline credit assessment (BCA) and Adjusted BCA of LandBank to ba1 from ba2. In a statement, it said the affirmation of the bank’s deposit ratings of [...] The post Moody’s affirms LandBank credit rating appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsDec 6th, 2017

Sugar farmers get access to Landbank credit facility

MANILA, Philippines — The Sugar Regulatory Administration (SRA) and the Land Bank of the Philippines (LBP) agreed to provide quedan financing and socialized.....»»

Category: financeSource:  philstarRelated NewsNov 30th, 2017

Globe, Landbank ink P7 B loan deal

MANILA, Philippines — Globe Telecom Inc. is borrowing P7 billion from state-run Land Bank of the Philippines to fund its capital expenditures......»»

Category: financeSource:  philstarRelated NewsNov 29th, 2017

Landbank account holders can now pay taxes online

MANILA, Philippines — State-run Land Bank of the Philippines launched yesterday an electronic payment system which allows its account holders to pay their ta.....»»

Category: financeSource:  philstarRelated NewsOct 13th, 2017

Land Bank Acquires Postal Bank, Converts it to Overseas Filipino Bank (OFB)

Land Bank Acquires Postal Bank, Converts it to Overseas Filipino Bank (OFB).....»»

Category: newsSource:  metrocebuRelated NewsOct 10th, 2017

AIIB clears co-financing for Metro flood project

MANILA, Philippines — The Asian Infrastructure Investment Bank (AIIB) has approved co-financing for the $500-million Metro Manila Flood Management Project th.....»»

Category: financeSource:  philstarRelated NewsSep 28th, 2017

DOJ clears Philrem officials in Bangladesh Bank heist

DOJ clears Philrem officials in Bangladesh Bank heist.....»»

Category: newsSource:  rapplerRelated NewsSep 8th, 2017

Landbank exceeds H1 income target

MANILA, Philippines - State-run Land Bank of the Philippines exceeded its target net income for the first half on the back of robust earnings from loans and.....»»

Category: financeSource:  philstarRelated NewsAug 17th, 2017

Landbank implements $40-M project for ARMM

MANILA, Philippines - State-run Land Bank of the Philippines has started the implementation of a $40-million project, which aims to jumpstart agribusiness in.....»»

Category: financeSource:  philstarRelated NewsJul 23rd, 2017

AIIB clears funding for Metro Manila flood control

MANILA, Philippines - China-backed Asian Infrastructure Investment Bank (AIIB) has already approved the counterpart funding assistance for a $500 million flo.....»»

Category: financeSource:  philstarRelated NewsJun 26th, 2017

WB clears $231 M funding for agri projects

MANILA, Philippines - The World Bank has approved the counterpart funding for the $231 million government project that will improve the production and compet.....»»

Category: financeSource:  philstarRelated NewsJun 12th, 2017

Landbank loans to priority sectors reach new high

MANILA, Philippines - State-run Land Bank of the Philippines said yesterday its outstanding loans to small farmers, fishers, entrepreneurs and other priority.....»»

Category: financeSource:  philstarRelated NewsMay 23rd, 2017