Philippines
Why Metrobank's PHP7.15b sale of non-core assets is credit positive
Why Metrobank's PHP7.15b sale of non-core assets is credit positive
Tier 1 capital ratio will increase to 15.3%.
Philippine banks forced to declare tax on interest income from Central Bank
This covers years 2009 to 2013.
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.
BOC finally sold to CIMB for US$279m
58% of BOC is now CIMB-owned.
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.
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