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BANKING and FINTECH

BDO to infuse more capital in BDO Network Bank

BDO Unibank, Inc. (BDO), has disclosed plans to increase the capital position of its rural banking arm BDO Network Bank (BDONB), by up to P2.0 billion, to be funded through

EastWest income at ₱4.5 billion, ROE at 7.7%

Gotianun-led EastWest Bank (EW) posted a ₱4.5 billion net income for 2021 from the impact of lower loan levels, credit card rate cap and normalized trading gains. “The pandemic hit

BDO Leasing earns P43.6 million in 2021

BDO Leasing and Finance, Inc. (BLFI) posted P43.6 million profit in 2021 derived mainly from fairvalue gain from investments in Unit Trust Investment Funds (UITFs). The 2021 results were higher

PSBank Net Income Up 39% in 2021

Philippine Savings Bank (PSBank) closed the year 2021 with a net income of Php 1.5 billion, higher by 39% from previous year. The strong income performance was on the back