Philippines
Philippine banks agree on $410m debt-equity swap to save troubled Hanjin
The five creditors have agreed to swap debt for shares in the parent firm.
Philippine banks agree on $410m debt-equity swap to save troubled Hanjin
The five creditors have agreed to swap debt for shares in the parent firm.
Bad loans threaten Philippine banks amidst steep interest rates
Soured assets held by Philippine banks hit $430m in November 2018.
Big Philippine banks' profits rose 9.3% to $3.07b in 2018
Interest earnings buoyed yearly profits despite higher borrowing costs.
Philippine bank accounts up 6.8% to 57.1 million in 2017
The number of unbanked local government units also dipped to 554 from 582.
Union Bank of the Philippines profits down 13% to $140m in 2018
It fell prey to margin pressures amidst steep interest rates.
The Philippines beefs up bank branch network even as Asian peers trim down
Roughly 66.3% of towns and cities have banking presence in 2018.
Philippines' BPI taps on IBM for $260m digital transformation plan
The firm will provide IT infrastructure to support an agile IT and hybrid cloud.
Philippine banks can weather their largest corporate default
The combined loan exposure of Korean shipbuilder Hanjin to its five creditors is at $412m.
Philippine bank loans grow 16.8% to $155.85b in November
This represents a slower growth rate compared to October.
Philippine Business Bank merges with Insular Savers Bank
The deal facilitates PBB’s entry into the microfinance space.
Philippine banks scramble after Korean shipbuilder default
The country’s five biggest banks have a $412m loan exposure.
Philippine banks' bad loan ratio to hold steady at 3.5% in 2019
Strong capital buffers can help weather volatile currency risks.
Will Philippine banks' rapid lending activities drain capital?
Funding will also tighten as banks ramp up credit extensions.
Philippine thrift banks reverse loss with Q3 $235.64m profit gain
Net interest income hit $890.79m.
Only a fifth of Philippine rural and thrift banks ready to digitise
They still need to make heavy investment in foundational technologies.
Philippine bank lending to small enterprises misses target in H1
Legislative requirements were not met despite recording 10.4% growth.
Korea's Kookmin Bank ties up with the Philippines' RCBC
The partnership aims to provide financial services to corporate customers in both countries.
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