Finance & Investments Archives - Page 4 of 5

Updates in My Choice Investment UITFs

Metrobank Updates UITF Qualified Expenses Effective July 1, 2024, Metrobank Trust Banking Group will update the qualified expenses of six Unit Investment Trust Funds (UITFs), including licensing fees for MSCI indices, to preserve and enhance fund value. Effective July 1, 2024, the Metrobank Trust Banking Group is updating the qualified expenses of six (6)…

BDO 1Q 2024 earnings at ₱18.5 billion

BDO Unibank posts ₱18.5 billion profit in Q1 2024, a 12% increase from last year BDO Unibank, Inc. reported a ₱18.5 billion net income for Q1 2024, reflecting a 12% year-on-year growth driven by strong core business performance. The bank achieved a 14.3% annualized Return on Common Equity (ROCE) with significant increases in…

Home Credit Philippines: The Financial Ally for Every Filipino

With a customer base of over 10 million, Home Credit Philippines (HCPH) serves a wide range of Filipinos, with 78% percent of its sales coming from customers residing outside the National Capital Region. Recognizing the diversity within its customer base, Home Credit has developed offers tailored to resonate with various segments, aiming to empower their…

Is a personal loan good or bad?

Dispelling the Stigma: Understanding Personal Loans Personal loans are designed to help Filipinos grow their finances, but to do that, you need to be disciplined enough to know what you can’t use it for and ensure that you are avoiding the personal loan mistakes. “Utang” has a bad reputation among Filipinos. We often…

Easy Shopping via Home Credit and Puregold Partnership

Staying true to its commitment of being the Filipinos’ financial ally, Home Credit Philippines (HCPH) has recently formed a partnership with one of the country’s biggest chain of supermarkets, Puregold, to allow its customers to use credit when purchasing their necessities. Recently launched, this collaboration offers Puregold customers nationwide an easy, convenient, and…

Sun Life Financial Resilience Report

Millennials are most financially literate generation of Filipinos, but many lack a plan of action In a recent survey, Millennials in the Philippines emerge as most confident in meeting long-term financial goals. High confidence across all generations but 59% have no financial plan beyond one year. Only 21% of respondents seek professional help…

Chinabank declares record cash dividends of P5.9 billion, up 16%

Declares Record-High Cash Dividends for 2024 Chinabank has announced its declaration of an unprecedented cash dividend payout for the fiscal year 2024, marking a significant milestone in the bank's history. China Banking Corporation (Chinabank, stock symbol: CHIB) announced that its Board of Directors declared a P1.20 per share regular cash dividend and an…

Navigating prosperity with Metrobank

Metrobank: Your Trusted Partner in Building Lasting Legacies Metrobank is not just a custodian of its clients’ hard-earned money. Through the services provided by its Trust Banking Group, it's a reliable partner in building lasting legacies—strategically growing, preserving, and distributing its clients' wealth to their successors. In the realm of affluence and prosperity,…

Metrobank raises landmark USD1 billion from international debt capital markets

Metrobank's Dual-Tranche U.S. Dollar Denominated Notes Offering: A Resounding Success The 5-year and 10-year bonds were priced at 110 basis points and 130 basis points above the benchmark U.S. Treasury notes, carrying fixed coupon rates of 5.375% and 5.50%, respectively. Metrobank is the first private bank to issue a long-dated 10-year bond. Metropolitan…

Citi Philippines Checks

Notice: Discontinuation of Clearing for Citi Philippines Consumer Checks Citi Philippines consumer checks from the following branch numbers (BRSTN’s) are no longer acceptable for clearing as of March 22, 2024. In line with the migration of Citi-branded consumer business accounts to UnionBank systems, Citi Philippines consumer checks from the following branch numbers (BRSTN’s)…