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United Coconut Planters Bank posts higher net income at end-September

UNITED COCONUT Planters Bank (UCPB) saw its net income rise in the first nine months of the year on the back of sustained growth in its consumer loan portfolio and the upbeat performance of its bancassurance business. In a statement sent to reporters on Tuesday, the state-led UCPB said it booked a net income of […] The post United Coconut Planters Bank posts higher net income at end-September appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineDec 6th, 2017

United Coconut Planters Bank posts higher net income at end-September

UNITED COCONUT Planters Bank (UCPB) saw its net income rise in the first nine months of the year on the back of sustained growth in its consumer loan portfolio and the upbeat performance of its bancassurance business. In a statement sent to reporters on Tuesday, the state-led UCPB said it booked a net income of […] The post United Coconut Planters Bank posts higher net income at end-September appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 6th, 2017

Finance: UCPB sees weaker Q4 income due to higher loss provisions

THE UNITED COCONUT Planters Bank (UCPB) expects its bottom line for the last quarter of the year to be weaker amid higher loan loss provisions during the three-month period, with its 2016 net income likely to be flat versus last year's level......»»

Category: financeSource:  bworldonlineRelated NewsDec 26th, 2016

BPI posts higher income

BANK of the Philippine Islands (BPI) saw an increase in its net income in the third quarter, driven by the growth in its interest-bearing businesses. In a statement released to the local bourse on Wednesday, the Ayala-led BPI said it booked a net income of P5.36 billion in the three months ended September, 14% higher […] The post BPI posts higher income appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 9th, 2017

Metrobank posts higher core income on loans, deposits

METROPOLITAN BANK & Trust Co. (Metrobank) posted higher income on a core basis in 2017 on the back of robust growth in its loans and deposits. In a disclosure to the local bourse on Thursday, the Ty-led Metrobank booked a consolidated net income of P18.2 billion in 2017, up by 10% on a core basis […] The post Metrobank posts higher core income on loans, deposits appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 1st, 2018

PBCom profit surges to P224 million in 3rd quarter

PHILIPPINE BANK of Communications (PBCom) saw its net income surge 71% in the third quarter, driven by sustained growth across all businesses and a slight decrease in operating costs. In a regulatory filing on Monday, the listed bank said its consolidated net income reached P224 million during the July to September period, higher than the […] The post PBCom profit surges to P224 million in 3rd quarter appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 13th, 2017

Metrobank posts higher earnings at end-Sept.

METROPOLITAN BANK and Trust Co. (Metrobank) booked a higher net income in the third quarter, with its core businesses continuing to grow. In its quarterly earnings report disclosed to the local bourse on Monday, Ty-led Metrobank said it recorded a consolidated net income of P4.52 billion in the third quarter, up by almost 10% from […] The post Metrobank posts higher earnings at end-Sept. appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 6th, 2017

Moody s: Restart on UCPB privatization credit positive

MANILA, Philippines — Moody’s Investors Service lauded the government’s plan to push through with the privatization of the United Coconut Planters Bank, sayi.....»»

Category: financeSource:  philstarRelated NewsSep 28th, 2017

Supreme Court paves way for UCPB privatization

MANILA, Philippines — The United Coconut Planters Bank (UCPB) welcomed yesterday the lifting of the Supreme Court’s temporary restraining order (TRO) on form.....»»

Category: financeSource:  philstarRelated NewsSep 25th, 2017

Government to privatize UCPB

MANILA, Philippines — The government remains keen on pushing through with the privatization of the United Coconut Planters Bank (UCPB), the Department of Fin.....»»

Category: financeSource:  philstarRelated NewsSep 24th, 2017

Finance: Security Bank posts higher income in first half

SECURITY BANK Corp. (Security Bank) recorded an increase in its earnings in the second quarter, boosting its first-half performance, fuelled by double-digit growth in its net interest income......»»

Category: financeSource:  bworldonlineRelated NewsAug 1st, 2017

Finance: UCPB to deactivate non-EMV cards by next month

THE United Coconut Planters Bank (UCPB) is set to deactivate cards that are not yet microchip-enabled by next month pursuant to central bank regulations on migrating to the Europay, Mastercard and Visa (EMV) technology......»»

Category: financeSource:  bworldonlineRelated NewsJul 20th, 2017

UCPB denies negligence in Provident Plans fund

MANILA, Philippines - United Coconut Planters Bank (UCPB) has denied claims its negligence has been a factor which led to the poor financial condition of Pro.....»»

Category: financeSource:  philstarRelated NewsJun 8th, 2017

Finance: BSP posts record high net profit

THE CENTRAL BANK posted a record high income in 2016 to end six years of losses, on the back of higher interest and trading gains coupled with lower operating costs......»»

Category: financeSource:  bworldonlineRelated NewsMar 16th, 2017

Higinio Macadaeg gets top UCPB post

MANILA, Philippines – The board of the state-owned United Coconut Planters Bank (UCPB) has approved President Duterte’s nominee for its top post, the Departm.....»»

Category: financeSource:  philstarRelated NewsOct 30th, 2016

Finance: China Bank posts higher net income in first half

NET INCOME of China Banking Corp. (China Bank) rose by a third in the first six months of the year on the back of strong growth in its core and fee-based income......»»

Category: financeSource:  bworldonlineRelated NewsAug 4th, 2016

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

Security Bank posts record P10.3-B profit in 2017

Listed Security Bank Corporation (SBC) chalked up a record-high net income of P10.3 billion in 2017, driven by double-digit growth in net interest and non-interest income......»»

Category: newsSource:  interaksyonRelated NewsFeb 6th, 2018

BPI net income climbs

BANK of the Philippine Islands (BPI) booked slightly higher net earnings in 2017 driven by the growth of its net interest income. In a disclosure to the Philippine Stock Exchange on Monday, the Ayala-led BPI said it recorded a net income of P22.42 billion last year, up by 1.7% from 2016. For the fourth quarter alone, […] The post BPI net income climbs appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 5th, 2018

Fed sanction puts brakes on Wells Fargo’s growth

BOSTON — The Federal Reserve’s surprise ban on Wells Fargo & Co. growing its balance sheet comes at a difficult juncture for the United States’ third-largest lender. The San Francisco-based bank has been dogged by higher expenses related to a long-running sales practices scandal and investors want it to reboot its revenue engine to help boost […] The post Fed sanction puts brakes on Wells Fargo’s growth appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 5th, 2018

Security Bank net profit up 20% to P10.3 billion

SECURITY BANK Corp. posted a higher net income in 2017 driven by growth across its business segments. In a disclosure to the local bourse on Monday, Security Bank said its net income grew by 20% to a “record high” P10.3 billion last year from P8.55 billion posted in 2016. The profit growth was mainly attributed to […] The post Security Bank net profit up 20% to P10.3 billion appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 5th, 2018