Chinabank hits record P18.4B net income in nine months

Chinabank hits record P18.4B net income in nine months

Achieves record-breaking profits on the back of robust core business growth Chinabank reports P18.4 billion in net income for January to September 2024, reflecting a 13% increase fueled by strong lending and strategic focus. Chinabank (PSE stock symbol: CBC) booked record earnings from January to September 2024 on the back of sustained strong…
Maya, Grab Team Up to Offer Instant Credit to Filipinos

Maya, Grab Team Up to Offer Instant Credit to Filipinos

Maya, the #1 Digital Bank in the Philippines, and Grab, Southeast Asia’s leading superapp, are teaming up to make borrowing money faster and easier for Filipinos.      Eligible Grab users can now access up to ₱30,000 instantly through Maya Easy Credit— without any wait, collateral, or paperwork. Accessing this credit line is straightforward:…
Petron raises nearly P17 billion in new preferred shares offering

Petron raises nearly P17 billion in new preferred shares offering

Petron raises P16.83 billion from its preferred shares offering, exceeding its target Petron Corporation secures P16.83 billion from its latest preferred shares listing at the Philippine Stock Exchange, surpassing its base offer by P3.83 billion. Oil industry leader Petron Corporation has raised P16.83 billion from its latest preferred shares offering listed today, September…
Turning loans into educational success with Home Credit

Turning loans into educational success with Home Credit

In Filipino families, education is considered the most valuable legacy parents can pass on to their children, providing a pathway to a brighter future. This belief drives parents to make every sacrifice and effort to ensure their young ones receive the education they deserve. However, even with unwavering determination, parents often need reliable…
UBOL Advisory on Deposit T&Cs

UBOL Advisory on Deposit T&Cs

UnionBank updates Right to Offset and Authority to Debit provision UnionBank will implement changes to its Deposit Account Terms and Conditions, effective November 16, 2024. Customers are advised to review the updates online. Please be advised that we have updated the Right to Offset and Authority to Debit provision in the UnionBank Deposit…
Kickstart Your Side Hustles with Maya Personal Loan

Kickstart Your Side Hustles with Maya Personal Loan

 Been dreaming of opening your own coffee shop or launching an online store but stuck without the funds? Fret not! With the Personal Loan product of Maya, the #1 Digital Bank in the Philippines, turning your side venture into reality is effortless with just a few taps. Boost Your Funds for your Side…
Advisory on Additional PESONet Cut-Off Time

Advisory on Additional PESONet Cut-Off Time

PESONet Expands Settlement Cycles with 3MBS Launch The PESONet ACH has officially introduced a third Multiple Batch Settlement (3MBS) cycle, effective August 1, 2024. This new 1:00 PM settlement time joins the existing 10:00 AM and 4:00 PM cycles, enhancing transaction efficiency for all participants. This has reference to PPMI Advisory 2024-0715-013 regarding…
Chinabank posts record-high first half 2024 net income of P11.4B

Chinabank posts record-high first half 2024 net income of P11.4B

Chinabank posts record P11.4B net income for H1 2024 China Banking Corporation (Chinabank) achieved a net income of P11.4 billion in the first half of 2024, marking a 6% increase from the previous year, driven by robust core lending and deposit-taking activities. China Banking Corporation (Chinabank, PSE Stock symbol: CBC) saw its net…
MONEYFESTO 3: The Curious Case Of Investments

MONEYFESTO 3: The Curious Case Of Investments

Unlock the Secrets of Investing: It's Easier Than You Think! The investment world may seem exclusive and mysterious, but it's accessible to everyone. Learn the basics and start your journey to financial freedom today. The investment world is shrouded with mysteries. It’s as if it’s another dimension made only for the rich. But…
Advisory on UnionBank Credit Card Late Payment Charge

Advisory on UnionBank Credit Card Late Payment Charge

UnionBank Updates Late Payment Charge Policy Effective November 4, 2024, UnionBank will implement a change in the Late Payment Charge for credit cards. This fee applies if the Minimum Amount Due is not paid by the Payment Due Date. For more details, visit the UnionBank Credit Card Rates and Fees page. This fee…