BAP elects PNB s Veloso as head | BusinessWorld bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
PNB s Veloso voted as BAP President By JON VIKTOR D. CABUENAS, GMA News
Published March 15, 2021 7:40pm Philippine National Bank (PNB) President and Chief Executive Officer Jose Arnulfo Wick Veloso was elected as the new president of the Bankers Association of the Philippines (BAP) during its annual membership meeting on Monday. In an emailed statement, Veloso said his leadership will focus on collaborative efforts with the government to help speed up the economic recovery. We will work with the government, its lawmakers and our regulators especially in building, enhancing, or amending banking laws and regulations to help promote economic activity safely, he said.
Globe closes P10-B term loan facility with Metrobank bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Researcher
THE COUNTRYâS biggest banks lent less to households and firms in the fourth quarter of 2020, as profits fell and soured loans increased amid the coronavirus pandemic.
The latest edition of
BusinessWorldâs quarterly banking report showed the aggregate loans of 46 universal and commercial banks (U/KBs) contracted by 3.96% year on year to P9.582 trillion in the fourth quarter, more than the 0.74% decline in the preceding quarter, as banks remained risk averse.
The latest reading was the largest since the fourth quarter of 2003 when loans lent by U/KBs went down by 4.17%. Moreover, this was only the second decline in almost 11 years following the slump in the previous quarter.
McKee s first staff picks put Cumberland at center of RI political universe providencejournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from providencejournal.com Daily Mail and Mail on Sunday newspapers.