BANK of Commerce, an affiliate of conglomerate San Miguel Corp., on Tuesday said its trade finance business grew more than six times in the last three years given its accelerated support to both small and medium enterprises and larger businesses throughout the Covid-19 pandemic.
Yearend estimates of BankCom’s trade-related contingent liabilities for 2022 are expected to reach over P19 billion average daily balance, or an increase of 637 percent over its 2019 volume of P2.7 billion.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DTI, SEIPI showcase electronics industry growth in US trade show | Andrea E. San JuanThe Department of Trade and Industry (DTI) promotes Philippine capabilities in the electronics industry at the Consumer Electronics Show (CES) 2023 in the US. The DTI said in a news statement issued on Monday that it has partnered with the Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI),…
Source: BusinessMirror - 🏆 19. / 59 Read more »
Philippine Chamber of Commerce and Industry chief voices ‘cautious optimism’ on growth outlook | Andrea E. San JuanPhilippine Chamber of Commerce and Industry (PCCI) President George T. Barcelon said he is “cautiously optimistic” on the economic outlook of the country for this year, noting that high food prices could “stunt” business. While he expects the Philippine economy to “sustain a healthy pace” in the first half of…
Source: BusinessMirror - 🏆 19. / 59 Read more »