Security Bank Hits Record Revenue of Php7.5 Billion; Increases Branch Network

Makati—(PHStocks)—Security Bank Corporation (PSE: SECB) released its audited 2012 full year results posting a record-high net income of P7.5 billion and a return on equity of 22%. The Bank’s business volumes increased with customer loans growing by 30% to P119.7 billion, deposits increasing by 19% to P142.4 billion, and total assets expanding by 21% to […]
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China Bank Posts PhP5B Profit 2012

Makati—(PHStocks)—China Banking Corporation (China Bank, PSE: CHIB), the country’s first privately-owned commercial bank, posted an audited consolidated net income of PhP5.03 billion for 2012, which translates to a return on equity of 12.39% and return on assets of 1.72%. The robust income was fueled by a 29% increase in loans to PhP198 billion, which grew […]
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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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SM Prime Net Income Hits PhP7.9B

SM Prime Holdings Inc. (PSE: SMPH), the Philippines’ dominant shopping mall developer and operator, reported a 12% growth in consolidated net income to PhP7.9 billion from full-year 2010, as compared to PhP7 billion during the same period in 2009. Revenues for the period rose by 16% to PhP23.7 billion. EBITDA increased 14% to PhP15.9 billion, […]
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Globe Net Income Down 22% in 2010

Globe Telecom Inc. (PSE: GLO) closed 2010 on a high note with, normalized fourth quarter service revenues of PhP16.2 billion nearing all-time highs. The Company’s service revenues for the year reached PhP62 billion, just slightly below prior year’s level of PhP62.4 billion, and an improvement over the 2% or PhP1.1 billion gap as of the […]
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PH GIR Hit $63.6B in January

The country’s gross international reserves (GIR) as of end-January 2011 rose to $63.6 billion, higher by $1.2 billion compared to the end-December 2010 GIR of $62.4 billion, according to Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr.  Foreign exchange inflows coming from the foreign currency deposits by the National Government (NG) of proceeds […]
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PSBank Exercises Call Option on PhP2B Tier-2 Notes

Philippine Savings Bank (PSBank, PSE: PSB), the thrift banking arm of the Metrobank Group (PSE: MBT), exercised its call option on its PhP2 billion Unsecured Subordinate Notes on January 28, 2011. The Notes, issued January 27, 2006, had an original maturity of 10 years, but with an option to call the issue after five years. […]
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BDO on Track to Meet PhP8.1B Net Income Goal for 2010

Banco De Oro Unibank Inc.‘s (PSE: BDO) consolidated resources has breached the PhP1-trillion mark at the end of 2010, a 16% increase from the previous year’s level of PhP862 billion. The growth was driven by the steady performance of BDO’s various businesses. As such, BDO is also on track to attain its net income goal […]
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