'First tier' PH banks seen 'managing fine'

Mar 22, 2023 12:32 am

BIGGER domestic banks are expected to perform better than their smaller counterparts in an uncertain business environment highlighted by higher inflation and interest rates, a Fitch Group unit said in a report on Tuesday.

CreditSights affirmed a neutral or 'market perform' recommendation for three 'first tier' banks — BDO Unibank Inc., Metropolitan Bank and Trust Co. (Metrobank), Bank of the Philippine Islands (BPI) — and 'second tier' Rizal Commercial Banking Corp. (RCBC).

RIZAL Commercial Banking Corp. Photo by SOFJ

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