BDO, BPI express interest in Citi Philippines retail biz
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Metro Manila (CNN Philippines, April 23) Two of the country s largest banks are eyeing to absorb the consumer banking business of Citi Philippines, as the American investment bank has decided to end its operations in several markets.
A top official of Sy-led Banco de Oro Unibank, Inc. on Friday said the group may explore opportunities and pursue the retail and consumer business of Citi Philippines. We will likely take a look at it, BDO president and chief executive officer Nestor Tan said during the lender s virtual annual stockholders meeting.
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April 22, 2021 | 12:03 am
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YIELDS on the central bank’s term deposits slipped on Wednesday on easing US benchmark interest rates and as the Philippine government announced its plan to issue euro-denominated bonds.
Demand for the term deposit facility (TDF) of the Bangko Sentral ng Pilipinas (BSP) reached P582.773 billion on Wednesday, beyond the P490-billion offer but lower than the P634.779 billion in tenders seen a week earlier.
“The TDF auction results continue to show normal market conditions amid ample liquidity in the financial system,” BSP Deputy Governor Francisco G. Dakila, Jr. said
Broken down, tenders for the seven-day papers amounted to P179.141 billion, going beyond the P140-billion offer but lower than the P181.415 billion in bids logged during the previous auction.