SM Investments Expands Net Income 16.3% to Php24.7 billion

Pasay—(PHStocks)—SM Investments Corporation (SM) reported that net income for full-year 2012 amounted to Php24.7 billion, for a higher than expected growth of 16.3% from its 2011 earnings of Php21.2 billion. The growth in earnings was broad-based, with SM’s mall, property, retail and banking businesses delivering strong results. Revenues increased 12.0% to Php223.9 billion from Php199.9 […]
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Security Bank Posts PhP6.7B Net Income for 2011

Makati—(PHStocks)—Security Bank Corp. (PSE: SECB) released its unaudited 2011 full year results showing a net income of PhP6.7 billion and a return on equity (ROE) of 25%, exceeding its targets for the year. This accomplishment was achieved as Security Bank continued to uphold its commitment to deliver superior customer experience and shareholder value. Total assets […]
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BSP Issues Rules to Strengthen Banks’ Compliance Systems

Manila–(PHStocks)–The Bangko Sentral ng Pilipinas (BSP) has instituted significant revisions to the compliance program which banks are required to maintain and operate within their organization. The new compliance program defines compliance as the overall handling by the bank of business risks that could negatively affect the franchise value of the bank. Under the new circular of […]
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EastWest Bank Looks Back on a Great Year and Looks Forward

Manila–(PHStocks)–Seventeen years since it first opened its doors to the public, EastWest Bank, a subsidiary of Filinvest Development Corporation (PSE: FDC), is now one of the country’s fastest growing and most profitable banking institutions. The year 2011 was marked with performance milestones that have set the stage for a bigger and bolder 2012 for one of […]
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AEV 4Q Net Income Up 107%

Aboitiz Equity Ventures Inc. (PSE: AEV) has registered a consolidated net income of PhP5 billion for the fourth quarter of 2010, up 107% from the same period in the previous year. Of the total earnings contributions from the company’s four strategic business units (SBUs), Power accounted for 90%. Income share of the Banking and Food […]
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