Insurance Sector Posts Robust Income

The country’s insurance industry posted a strong net income growth in the first nine-months of the year due to increase in underwriting and investment income, the Insurance Commission said yesterday. Related Articles:BSP, DOF, IC, PDIC, and SEC to Create Financial Stability Coordination CouncilBDO on Track to Meet PhP8.1B Net Income Goal for 2010PNB Increases Stake […]
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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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PNB Increases Stake at Japan-PNB Leasing

Philippine National Bank (PSE: PNB) increased its equity interest in Japan-PNB Leasing & Finance Corp. from 60% to 90% by acquiring IBJ Leasing Co. Ltd’s (IBJL) 25% share and Mizuho Corporate Bank’s 5% stake in the leasing company. IBJL remains as an active joint-venture partner with a 10% equity interest and one seat in the […]
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