BPI Inks $400M Syndicated Term Loan

Makati—(PHStocks)—Bank of the Philippine Islands (PSE: BPI), an acknowledged leader in Philippine banking, successfully closed and signed a $400‐million, three‐year syndicated term loan facility attracting a diverse group of Asian, European, and American lenders. The facility is the first of its kind for BPI in the USD syndicated loan market. Following several months of syndication and documentation, the […]
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Ayala Net Income Climbs 15% to PhP5.8B in 1Q 2016

Makati—(PHStocks)—Ayala Corp. (PSE: AC) recorded a net income of PhP5.8 billion in the first quarter of the year, expanding 15% from a year ago, as most of its businesses performed well with largest growth coming from its real estate, power generation, and automotive businesses. This strong first quarter results was driven by the equity earnings contribution […]
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Mercedita Nolledo Joins D&L Industries Board of Directors

Quezon City—(PHStocks)—D&L Industries Inc. (PSE: DNL) announced today that Mercedita S. Nolledo has been elected to its Board of Directors as Independent Director. A lawyer, a Certified Public Accountant, and a veteran corporate executive of the Ayala group of companies, she will serve in the Audit Committee and Remuneration Committee. Her appointment was effective April […]
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Ayala Breaches Profit Target, Nets PhP22.3B in 2015

Makati—(PHStocks)—Ayala Corp.’s (PSE: AC) net income expanded 20 percent to PhP22.3 billion in 2015, beating its target a year earlier than planned. This was primarily driven by the solid performance of its real estate and telecommunications businesses and lifted by contributions from its power generation unit. Excluding capital gains primarily from the partial sale of […]
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BPI Nets PhP18.23B in 2015

Makati—(PHStocks)—Bank of the Philippine Islands (PSE: BPI), the banking arm of Ayala Corp. (PSE: AC), has reported a net income of PhP18.23 billion for 2015, 1.1% higher than the PhP18.04 billion earned in 2014. Total revenues rose by 6.4% to PhP59.36 billion, driven by net interest income, which rose 11% to PhP38.64 billion. Comprehensive income was […]
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