GOTIANUN-LED bank East West Banking Corp. (EastWest) is planning to raise P10 billion from the issuance of high-yielding time deposits which will be used to support its loan business and expansion program.

In a disclosure to the Philippine Stock Exchange on Wednesday, EastWest said the Bangko Sentral ng Pilipinas has recently approved its plan to issue long-term negotiable certificates of time deposits (LTNCD) amounting to P10 billion.

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