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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

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

Net FDI flows surge to $754M

Net foreign direct investments (FDI) surged in September from a year earlier, the Bangko Sentral ng Pilipinas (BSP) reported on Monday, but were lower than the previous month’s 16-month high. At $754 million, September’s net inflow was 61.8 percent higher year on year, central bank data showed. August’s tally, however, was larger at $1.20 billion. [...] The post Net FDI flows surge to $754M appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsDec 11th, 2017

Fourth quarter finds Filipinos less bullish

FILIPINOS remained optimistic this quarter, although confidence slid for the second time this year as concerns about higher prices and expenses as well as peace and order ate into bullishness on expected additional family income, higher salary and availability of more jobs, the central bank said in its latest survey. The Fourth-Quarter 2017 Consumer Expectations […] The post Fourth quarter finds Filipinos less bullish appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 8th, 2017

Amid troubled World Cup sales, FIFA set to hit $5.66B target

MOSCOW --- Even taking a financial hit from Italy and the United States failing to qualify, FIFA's top salesman insists the 2018 World Cup will make its income target. Italy's loss in the playoffs wiped tens of millions of dollars off the value of an unsold broadcasting deal. One of FIFA's most valuable markets is typically worth $200 million per World Cup. The surprise U.S. elimination --- as Panama qualified --- affects finding four North American sponsors in a new, and stalled, regional sales program. Just one of 20 slots has sold worldwide, to an oligarch-owned bank in host nation Russia. "Everybody is annoyed with the non-qualification of the U.S. which was not expecte...Keep on reading: Amid troubled World Cup sales, FIFA set to hit $5.66B target.....»»

Category: newsSource:  inquirerRelated NewsDec 1st, 2017

NKorean missile frustrates SKorean Olympic preparations

By Kim Tong-Hyung, Associated Press SEOUL, South Korea (AP) — Just when South Korea thought it was finally creating a buzz for February's Winter Olympics, North Korea fired its most powerful missile yet and re-ignited safety worries about the small mountain town that will host the games not far from the rivals' anxious border. The Pyeongchang Olympics probably aren't in jeopardy because of Wednesday's launch for a number of reasons, including that the North is unlikely to attack the more powerful, U.S.-backed South. Despite its belligerent neighbor, South Korea is also one of the safest places in the world with a wealth of experience hosting international sporting events. Still, the launch, which followed a 10-week lull, was a frustrating development for Pyeongchang's organizers, who have only recently got on track after facing construction delays, controversies over cost overruns and wary sponsors. They can also do little to calm international fears created by North Korea's accelerating nuclear weapons and missile tests. Shortly after North Korea fired the Hwasong-15 into the sea Wednesday, South Korean President Moon Jae-in convened a national security meeting where he ordered government officials to closely review whether the launch could hurt South Korea's efforts to successfully host the Olympics, which begin on Feb. 9. South Korea wants more than a million spectators for the Olympics, which will be held just 80 kilometers (50 miles) from the border, and expects 30 percent of them to be foreign visitors. Organizers have struggled for months to spark enthusiasm for the games locally, where the national conversation over the past year have been dominated by a massive a massive corruption scandal that toppled and jailed the last president and North Korea's flurry of weapons tests. Sung Baikyou, an official from Pyeongchang's organizing committee, on Thursday downplayed worries that North Korea would scare away athletes and visitors to Pyeongchang. Organizers and government officials have held briefings and site inspections for Olympics officials, members and sponsors to reassure them of South Korea's security readiness. The 92 nations that have so far registered to participate in the Pyeongchang Games represent the largest ever Winter Olympics field. And after a slow start, organizers had managed to sell more than half of the available tickets by the end of November. Sung said there hasn't been any talk with the International Olympic Committee about moving or canceling the games. "It wouldn't make sense for anyone to cancel tickets to Pyeongchang because of fears about North Korea," Sung said. "There's no war; bombs aren't being dropped on Pyeongchang." Hyun Jae-gyung, an official from Gangwon province, which governs Pyeongchang and nearby Gangneung, a coastal city that will host the skating and hockey events during the Olympics, said cancelations at hotels and other accommodation facilities in the areas have been few and sporadic and unlikely linked to security concerns. But there's nothing organizers can do if North Korea raises fears even higher with more tests. North Korea has conducted 20 ballistic missile launches just this year, and the tests are becoming increasingly aggressive; some in the South fear that Washington might consider a pre-emptive strike on the North as the intercontinental ballistic missile tested Wednesday may be able to reach anywhere in the continental United States. Koh Yu-hwan, a North Korea expert at Seoul's Dongguk University and a security adviser to South Korea's presidential office, thinks it's highly unlikely that the North will do any significant weapons tests or other aggressive acts that would disrupt the Olympics. After Hwasong-15's successful flight test, delighted North Korean leader Kim Jong Un declared that the country has "realized the great historic cause of completing the state nuclear force." Many experts, including Koh, believe that this suggests the country could soon consider its nuclear program as "enough" and shift the focus to its dismal economy. It would do nothing for heavily-sanctioned Pyongyang to worsen its awful reputation by creating trouble during the Olympics, Koh said. In recent government statements, including the one announced after Wednesday's missile test, North Korea has repeatedly claimed itself as a "responsible" and "peace-loving" nation, something it has been emphasizing since the United States relisted the country as a state terror sponsor, Koh said. "Even if they do conduct a missile or nuclear test during the Olympics, the games will go on as tests don't start wars. But I think there's almost no possibility that they will," said Koh. "If anything, they might have pushed hard to get their tests done before the start of the Olympics." It would help ease worries if North Korea participates in the Pyeongchang Games. While a North Korean figure skating pair qualified for the Olympics in September, it's unclear whether the North will let them compete in the South. North Korea boycotted the 1988 Summer Olympics in South Korea's capital Seoul and has ignored the South's proposals for dialogue in recent months. Securing North Korea's commitment to attend the Pyeongchang Games will be a critical topic at the IOC's next executive board meeting in December, which will be the last one before the start of the Olympics. The IOC has already offered to pay the costs should North Korea decide to participate, and Pyeongchang officials have been talking about granting special entries for North Korean athletes in some ice sports. Kim Kyung-hyup, a lawmaker for South Korea's ruling party, said Thursday that Seoul should consider sending a special envoy to the North to persuade it to participate in the Pyeongchang Games. Other than hoping that North Korea accepts the invitation, organizers are stuck. "If there's any other solution, tell me," Sung said. "It's not like we can jump up and catch North Korean missiles with a net.".....»»

Category: sportsSource:  abscbnRelated NewsDec 1st, 2017

Govt posts P21.8-B budget deficit for Oct

The budget deficit widened in October from a year earlier, government data showed on Wednesday, as state spending grew faster than revenues. The P21.8-billion shortfall for the month was significantly higher than the P2.3 billion posted last year, documents obtained by reporters showed, but was lower compared to the September deficit of P36.9 billion. Government [...] The post Govt posts P21.8-B budget deficit for Oct appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 23rd, 2017

Big banks’ NPLs climb

SOURED DEBTS held by big banks inched slightly higher in the third quarter as total loans surged by a fifth, latest central bank data showed, which allowed lenders to post a modest increase in net profits. Non-performing loans (NPLs) held by universal and commercial banks reached P105.36 billion as of September, up by 7.1% from […] The post Big banks’ NPLs climb appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 21st, 2017