US Consulting Firm Specializing in Commercial Loan Workouts
Breakwater Equity Partners, a consulting firm specializing in commercial loan workouts, today announced the firm has surpassed $1 billion in total loan workout volume. The 21-person firm, located in San Diego, CA, has been doubling every ninety days to accommodate the growing demand for commercial loan modifications. Breakwater Equity attributes its fast growth and success [...]
Bangko Sentral ng Pilipinas to Raise Rate
By Michelle Remo Philippine Daily Inquirer The Bangko Sentral ng Pilipinas has hinted it might soon raise its key policy rates, saying that while current price movements were still favorable, the buildup of inflationary pressures was reducing its flexibility to keep rates at historic lows. “Indeed the scope for keeping rates has narrowed,” BSP Governor [...]
Bank of America Annual Report
Say this about Bank of America chief Brian Moynihan: He certainly knows how to talk the talk. In his letter to shareholders, Moynihan went out of his way to thank U.S. taxpayers for making $45 billion in TARP funds available. He also described how he is working closely with “policy leaders” on financial reform. Whether [...]
Non-performing Loans Reported by Bangko Sentral
Higher lending activities along with the drop in non-performing loans enabled universal and commercial banks (U/KBs) to post its lowest non-performing loan (NPL) ratio of 2.88 percent in end-December 2010. The Bangko Sentral ng Pilipinas (BSP) said the end-December 2010 level, which is the 27th consecutive month that is below four percent, is lower by [...]
Banco De Oro BDO at Philippine Stock Exchange
Banco de Oro Unibank Inc. (BDO) reported a 46-percent year-on-year increase in its net income in 2010 at P8.8 billion over year-ago’s P6 billion. In a disclosure with the Philippine Stock Exchange (PSE) Monday, the Sy-led bank said it was able to surpass its P8.1 billion net income target last year due to “more diversified [...]
Net Income of UCPB: United Coconut Planters Bank
Rise in loans and investments along with lower fund cost enabled UCPB to surpass by 44 percent its 2009 net income and exceeded its 2010 target after it registered a P2.39-billion unaudited net income last year. The bank’s 2009 net income stood at P1.66 billion while last year’s income target is P2.2 billion. “Higher loan [...]
Benefits of Metrobank Mobile Banking
Experience the ultimate convenience with Metrobank Mobile Banking! Now, you can make these secure transactions using your phone anytime, anywhere Send load to any network Inquire about your account balance Pay your bills like credit cards, utilities, and insurance fees Transfer funds to other Metrobank accounts enrolled in Mobile Banking Request for your transaction history [...]
What is Metrobank Passbook Bankbook Saving Account
An interest-bearing deposit account evidenced by a passbook . Funds may be deposited or withdrawn by presenting the passbook with duly accomplised deposit or withdrawal slips, Withdrawals may be made at one’s depository branch. Details: * Passbook account * Balance Requirements & Fees * 0.50% p.a. interest * Subject to Withholding Tax * Available in [...]