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  • Profits of Philippine banks hit P179 B in 2018

    February 11, 2019

    MANILA, Philippines — Earnings of Philippine banks climbed by 6.4 percent to P178.83 billion last year from P168.07 billion in 2017 on the back of higher trading gains and interest income, according to preliminary data from the Bangko Sentral ng...

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  • More bank offices built in towns, cities in 2018

    January 24, 2019

    MORE TOWNS in the Philippines had bank offices in 2018, with the central bank seeing further room to widen financial access through basic deposit accounts. Around 66.3% of towns and cities in the country have banking presence as of end-2018,...

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  • Banks’ trust assets grow 2.4% in Q3

    December 26, 2018

    Banks’ trusts business went up by 2.40 percent year-on-year to P2.470 trillion as of end-September from P2.412 trillion, based on Bangko Sentral ng Pilipinas (BSP) data. The big banks accounted for P2.424 trillion while thrift banks contributed...

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  • Big banks’ net profit up 9% as of Sept.

    November 18, 2018

    Big banks reported combined net profits of P116.07 billion as of end-September, up 9.23 percent from same time last year of P106.26 billion with increased loans to corporations and continued financial health overall. Based on Bangko Sentral ng...

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  • Deposits hit P12 trillion in first semester of 2018

    October 29, 2018

    DEPOSITS in the country grew to double digits in the first half of 2018, compared to its level last year, driving the expansion in the banking industry’s assets for the period.  Data from the Bangko Sentral ng Pilipinas (BSP) showed deposits...

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