Listed San Miguel Corp. (SMC) affiliate Bank of Commerce said Wednesday it has been conferred the authority to operate as a universal bank in the Philippines. In a disclosure to the Philippine Stoc…
Listed San Miguel Corp. affiliate Bank of Commerce said Wednesday it has been conferred the authority to operate as a universal bank in the Philippines.
The bank said it will boost its lending portfolio to support local businesses, particularly small and medium enterprises, to help propel activities driving the country’s economic growth, following the change of its status from commercial bank to universal bank.
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