Philippine Economy Talk

[Monseratto]

Google to switch PH BPO partner following online scam

[kagalingan]

^

walanjo buhay naman yan. Ibang klase talaga,. Hindi lang sa bangko may kalokohan.

dreamy kamusta na.

[Monseratto]

National Book Store Statement on Store Closure

[baludoy]

bad news for badminton players because another popular shuttle swatting facility just bit the dust.

Asuncion Badminton Center closes doors due to pandemic | Tiebreaker Times

[jut703]

bad news for badminton players because another popular shuttle swatting facility just bit the dust.

Asuncion Badminton Center closes doors due to pandemic | Tiebreaker Times

Regularly played at ABC before the pandemic. The local badminton scene has really changed - no more queuing groups where you just show up and match up with others in a big group. These days you really just get to play with your core group.

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[Monseratto]

Wang Fu...

Richard umaaray na sa resto business: Grabe talaga, dagdag-hirap pa na walang work sa showbiz | Bandera

[Monseratto]

Security, Chinabank, RCBC, EastWest beat COVID nightmare as profits expand double digits H1 | Bilyonaryo

Security Bank posted the biggest profit with P5.7 billion during the first half of 2020, up 15 percent from the same period in 2019.

Security Bank generated P2.2 billion profits in the second quarter when the gross domestic product cratered 16.5 percent, the worst in the country’s post-war history.

The Sy-blings’ China Banking Corp. was the second biggest moneymaker with P5.228 billion in the first half of 2020, up by 24 percent.

The Gotianuns’ EastWest Banking Corp. had the biggest jump with 56 percent to P4.459 billion in the first six months.

Yuchengcos’ Rizal Commercial Banking Corp. netted P3.1 billion in the first half this year, higher by 16.5 percent.

Four other banks posted profits but lower than the previous year. .

[uls]

kawawa BDO

[boybi]

kawawa BDO

What happened to BDO and Metrobank?

[uls]

What happened to BDO and Metrobank?

malaki binaba ng profit nila sa 1st half 2020 compared to same period last year

since pinakamalaki sila they have the most assets (loans) they have to set aside huge loan loss allowances in anticipation of slow payment / non-payment of loans

sa accounting loan loss allowance is considered an expense so it eats into profits

[boybi]

And what did Security Bank do naman to increase its profits?

[shadow]

And what did Security Bank do naman to increase its profits?

I think mas conservative sila sa loans.


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[boybi]

I think mas conservative sila sa loans.


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Pero nag increase ang profit nila, so this does not have anything to do with being conservative sa loans.

Pwede siguro dahil binaba ng BSP ang rate, and these banks did not pass on the lower interest rates to their clients?

[uls]

isa ung net interest margin

ung charge nila sa loans mataas parin kahit nagbaba ng interest rate ang BSP

at dahil nagbaba ng interest rate ang BSP binaba ng mga bangko ang interest paid to depositors

so mas maliit ang gastos nila lumaki ang net interest margin

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maari security bank and other banks didn't have to set loan loss provisions as large as BDO and MBTC kaya di kasing laki ang kinain sa profit nila

[uls]

just look at how big binaba ng interest sa time deposit

[shadow]

-

maari security bank and other banks didn't have to set loan loss provisions as large as BDO and MBTC kaya di kasing laki ang kinain sa profit nila

Yan nga dahilan. Aggressive naman talag bdo and Metro sa mga loans eh, the bigger the bank the bigger he exposure.


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[uls]

yes silang dalawa ang pinakamalaki

they have the most loans on their books so they had to set aside very large loan loss provisions which ate into their profits

[boybi]

Should depositors be worried with BDO and Metrobank?

Generally, how's the banking industry doing now during pandemic and economic lockdowns, both here in the Philipplines and internationally?

[uls]

Should depositors be worried with BDO and Metrobank?

Generally, how's the banking industry doing now during pandemic and economic lockdowns, both here in the Philipplines and internationally?

concern ko din yan... in March/April i was expressing concern about the health of banks coz worried ako in advance na madami di makakabayad ng utang

pero i think hindi naman pababayaan ng Bangko Sentral na meron mag fail na big bank

ung mga rural bank ok lang pero ung mga size ng BDO and MBTC i don't think they'll be allowed to fail

same thing with major international banks

their central banks won't let them fail

[Monseratto]

May profit naman Metrobank and BDO. Metrobank still made more than Security bank...

Net income of the Ty family’s Metrobank retreated 30 percent P9.3 billion.

The Aboitiz family’s Union Bank of the Philippines posted a six percent drop in profit to P4.504 billion.

The biggest losers were Lucio Tan’s Philippine National Bank (down 65 percent to P1.357 billion net income) and BDO (down 79 percent to P4.3 billion).