Philippines
Malaysia’s RHB scouting for JV partner in the Philippines
Malaysia’s RHB scouting for JV partner in the Philippines
Part of plan to expand overseas presence and profits.
Metrobank sold 20% stake in GBP to Meralco PowerGen
Deal completion targeted by end-2013.
Philippine banks' core lending business to drive profits in 2014
Earnings will be less reliant on volatile trading gains.
Philippines’ RCBC partners with Japan’s Resona Group
Will focus on Japanese small and medium enterprises.
Philippines will welcome more Chinese investments
This despite strained diplomatic ties.
Metrobank forges strategic alliance with Tokai Tokyo Financial Holdings
Alliance will broaden their product offerings and services.
BPI foresees slower loan growth in 2014
Due to higher interest rates and delays in PPP projects.
Fruit juice drinks firm buys Philippines’ Maybank ATR Kim Eng
Mazy’s Capital, Inc. takes 89.8% share in investment house.
Philippine central bank seeks broad changes to its charter
Will ensure stability of the economy and the financial system.
Bank consolidation in the Philippines seen to intensify next year
Despite lower earnings trend.
PNB denies rumours that it is for sale
But this Malaysian bank is said to be wooing PNB.
Philippines encourages Islamic banking
Will craft regulations to spur its growth.
Philippines’ ChinaBank takes majority ownership in Plantersbank
ChinaBank will acquire of two-thirds of Plantersbank’s shares.
Joey Bermudez named President of Philippine Veterans Bank
Wants to transform bank into a 'game-changer'.
Why we should rethink the ethics of finance
The changing landscape of finance is a huge subject so let’s start with a short history of banking (thanks here to Wikipedia).
BDO provision charges predicted to decline 29% to PHP4b next year
Thanks to improved NPL cover.
Lending by Philippine banks jumps to US$75 billion in July
Indicates strong demand for loans from businesses and households.
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Nearly 8 in 10 MSMEs still face barriers to accessing loans, an expert said.
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