News for Bank of the Philippine Islands (BPHLY)

A financial board official from the Archdiocese of Manila has been appointed to the Vatican Bank’s board of supervisors. The archdiocese announced that Atty. Sheila Marie Uriarte-Tan is the newest member of the Vatican Bank, known formally as the Institute for the Works of Religion (IOR). Jean-Baptiste de Franssu, president…

Operator: Ladies and gentlemen, thank you for standing by, and welcome to Global Payments' Fourth Quarter and Full Year 2024 Earnings Conference Call.

GLOBAL uncertainty over trade policies prompted the Monetary Board to keep the policy rate steady at 5.75 percent. At the Bangko Sentral ng Pilipinas’ (BSP) monetary policy meeting on Thursday, the seven-man Monetary Board said it “decided to keep the BSP’s Target Reverse Repurchase Rate at 5.75 percent.” BSP Governor…

BROKER Unicapital Inc. sees the benchmark Philippine Stock Exchange index (PSEi) may reach 7,800 points by year-end, slightly down from its earlier assumption of 8,000 points. Wendy Estacio-Cruz, the broker’s head of research, said they assume a 10-percent increase of earnings per share (EPS) of companies and a market price-to-earnings…

Razon-led Bloomberry Resorts Corp. on Wednesday said it signed with a group of banks a P40 billion syndicated refinancing facility. The said loan will be used to refinance the existing P40 billion syndicated term loan facility obtained in February 2019 to partially finance the construction of Solaire Resort North in…

MANILA, Philippines — The Bank of the Philippine Islands (BPI) announced on Wednesday that it would disable the 'load e-wallet' on its mobile banking app starting Feb. 13.

Boutique property developer Italpinas Development Corp. (IDC) has appointed former Security Bank President and CEO Alfonso L. Salcedo and underwriter Melchor C. Guerrero as its new independent directors.   Their appointment took effect immediately. The two replaced Emeraldo C. Magnaye and Rafael A. Dominguez, who both resigned last week from…

IN a commendable feat, the Bank of the Philippine Islands (BPI) has been awarded by the International Finance Corp. (IFC) Climate Assessment for Financial Institutions for its exceptional commitment to climate action and efforts to mitigate climate change. The recognition for the “Highest Estimated Greenhouse Gas Emissions Mitigated” in the…

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DESPITE the decline in rice prices, the Philippines still faces a double whammy of high food and oil prices that could lead to faster inflation this year, according to the Philippine Statistics Authority (PSA) and local economists. On Wednesday, PSA reported that inflation averaged 2.9 percent in January 2025, faster…

AYALA-LED Bank of the Philippine Islands (BPI) on Monday said that it posted a record net income of P62 billion last year, up 20 percent from 2023's P51.7 billion and led by strong revenues that were partly offset by higher operating expenses and provisions.

BAGUIO CITY — Another interest rate cut is 'on the table' as the economy continues to grow below its potential, Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said on Friday.

The country’s top power firms have achieved financial close for their liquefied natural gas (LNG) facility which recently received the green light of the government’s competition watchdog. In separate disclosures, the Manila Electric Co. (Meralco), San Miguel Corp. (SMC), and Aboitiz Power Corp. said their subsidiaries have completed the financial…

EXECUTIVES of GoTyme Bank Corp. flagged the dearth of cyber hygiene among Filipinos after the government alerted the public on the rise of loan scams. “We have to be constantly reminded to never share personal information, never click links, use a strong password combination, update cellphone’s security settings, and the…

THE Cybercrime Investigation and Coordinating Center (CICC) has issued a warning to the public about the rising cases of loan scams circulating on social media and fraudulent SMS messages masquerading as coming from the Bank of the Philippine Islands (BPI). CICC Executive Director Alexander K. Ramos cautioned individuals to be…

Ayala Corp. has appointed Juan Carlos L. Syquia as deputy chief financial officer (CFO) effective May 1 under a succession plan that seeks to ensure a "seamless transition" in its financial team. Syquia will support current Ayala CFO Alberto M. de Larrazabal before succeeding him on January 1, 2026 after…

MANILA Electric Co. (Meralco) on Tuesday said that it would draw from a P75-billion credit loan facility with three domestic banks this week to fund planned investments.

THE Manila Electric Co. (Meralco) will tap a P75-billion credit facility from local banks to mainly support the company’s gas investment in Chromite Gas Holdings, Inc. In a disclosure at the stock exchange on Tuesday, Meralco said it will draw from its P75 billion credit facility with BDO Unibank Inc.,…

ROBUST household spending, low unemployment and election-related economic activity are expected to bolster the country's economic growth, potentially hitting the official target.