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Inflation seen below 9% in February

Most economists believe inflation remained elevated, but stayed below nine percent in February after accelerating to a fresh 14-year high of 8.7 percent in January.

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Bank assets grow to record P23.7 trillion

Philippine banks booked a double-digit growth in assets last year as the country’s economy continues to recover from the impact of the COVID-19 pandemic, data from the Bangko Sentral ng Pilipinas showed.

China , Rizal , San-carlos , Negros-occidental , Philippines , Manila , Philippine , Benguet , Philippine-islands , Philippines-general- , Bangko-sentral , Felipe-medalla

Economists split over level of BSP rate hike Â

Bank economists are divided on whether the Bangko Sentral ng Pilipinas is going for a softer 25-basis-point interest rate hike or maintain the aggressive 50-basis-point increase this week, as inflation blew past expectations to hit a fresh 14-year high of 8.7 percent in January from 8.1 percent in December.

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Inflation seen easing below 8% in January

Inflation likely eased below eight percent in January after accelerating for four consecutive months to hit a 14-year high of 8.1 percent, according to bank economists.

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PNB eyes P12 billion as it rebids various assets

Lucio Tan’s Philippine National Bank is eyeing close to P12 billion as it rebids next month several acquired assets in the National Capital Region and the provinces.

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Rate hikes boost net interest margins of banks

The series of rate hikes have started feeding through to the net interest margins of big banks in the Philippines, according to independent credit research provider CreditSights Inc.

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Allianz PNB doubles down on sustainability commitment

The joint venture between Lucio Tan’s Philippine National Bank and Allianz continues to double down on its sustainability commitment.

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Big banks' earnings rise 26.7% in Q1

The profit of universal and commercial banks operating in the Philippines went up by 26.7 percent to P61.38 billion in the first quarter from P48.44 billion in the same quarter last year, according to the Bangko Sentral ng Pilipinas.

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BSP may reopen digital bank window sooner

BSP may reopen digital bank window sooner
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