Wednesday 15 August
Powered by Ajaxy
Feb 17, 2018 @ 12:25

PBB to raise P10B from notes offer

 

This bank from Caloocan City is off to conquer greater heights.

The Philippine Business Bank (PBB) wants to pursue its aggressive expansion plans this 2018 by raising additional capital which it needs. In a disclosure on Feb. 9, the bank owned by businessman Alfredo Yao bared their plan to raise up to P10 billion worth of Long-Term Negotiable Certificates of Deposit.

“The additional funding will allow the Bank to capitalize on attractive lending opportunities as the Philippine economy continues to expand,” PBB told the stock exchange.

PBB also revealed that its board of directors also instructed bank executives to start discussions on capital-raising, in order to “exploit opportunities in the banking sector.”

Tags: , , ,

Related Stories
Did all these come from their supposed drug deals?
Core income growth is stronger this year.
This bank denied a news report tying it to a state-owned bank in Taiwan.
Philippine Business Bank is looking to raise as much as P10 billion from the sale


 

Trending News

Recommended on sister sites

Copyright © 2018 Bilyonaryo - Latest news on the richest Filipinos and Family Business.