
Ty family’s thrift bank unit more than doubles profit in Q1
Philippine Savings Bank (PSBank), the thrift banking arm of Ty-led Metrobank Group, grew its first quarter earnings by 102 percent to P888 million, buoyed higher
Philippine Savings Bank (PSBank), the thrift banking arm of Ty-led Metrobank Group, grew its first quarter earnings by 102 percent to P888 million, buoyed higher
Philippine Savings Bank, the thrift banking arm of the Ty family’s Metrobank Group, reported a 32.4 percent drop in the first semester to P879 million amid a drop in loan demand.
The Ty family has taken in a former president of Rizal Commercial Banking corp. to join its thrift bank arm.
Industry giants BDO Unibank, Bank of the Philippine Islands and Metropolitan Bank & Trust Co. are among the 12 lenders and e-wallets set to resume interbank fund transfer fees to customers by October 1.
It seems like they had a strong start this year.
This bank is serious about upsizing.
Investors better be ready.
This bank will start 2019 with a bang.
This thrift bank won’t just piggyback off its mother firm’s money.