Philippines

BDO funding US$130 million wind farm

Four leading Philippine lenders are bankrolling project.

Maybank opens third branch in Cebu City

Now has 56 branches in the Philippines.

Loan growth of Philippine banks slows down

Current lending can support sustainable economic growth, however.

Metrobank to issue the Philippines’ first ETFs

Will also list on the Hong Kong Stock Exchange.

Maybank Philippines reports 36.8% revenue rise

Also posts 55.9% year-on year jump in pre-tax profit.

BPI launches agriculture loan program

It has a US$441m agriculture portfolio.

M&A binge predicted for Philippine banks

Will be led by mid-sized commercial banks.

More Philippine banks to list on PSE

Financial sector outperforming the main PSE index.

Philippines wants rural banks to expand operations

Over a third of towns without banking offices.

What you can do to improve access to finance

Did you know that there are over 2.5 billion people without any bank accounts in the world, and most of them are in Asia? And less than one quarter of the world’s 2.4 billion poor have a bank account. Managing their money using formal financial services – savings accounts, loans, insurance, and remittances -- is a wonderful, terrible, impossible dream for many, many families.

New law allows 60% ownership in Philippine rural banks

President Benigno Simeon Aquino signs Republic Act 1057 into law.

Citi focuses on rich Filipinos

Says wealth management services becoming more popular.

BPI opens first branch powered by solar energy

Intends to equip more branches with solar arrays.

Bank’s access to SDAs curbed by Philippine government

Total cuts now more than 200 basis points since July 2012.