Philippines
Philippine banks' real estate exposure reaches PHP821.7b
It surpassed the 20% cap on real estate loans.
Philippine banking system deposits rise 10.7%
Government says it highlights ability of banks to provide credit to the economy.
Philippines sues Maybank affiliate for tax evasion
Philmay Property, Inc being sued for US$4.2 million in unpaid taxes.
Philippines increases MBO deposit limits by 63%
Move intends to help promote financial inclusion in rural areas.
Consing takes over as BPI President
Cezar Consing last week formally became the 13th President and CEO of the Bank of the Philippine Islands.
BPI sees strong business growth in Q1
The second largest bank says growth will be driven by the Philippines’ strong economic performance.
Citi Philippines has new head
Batara Sianturi is the new Citi Country Officer for the Philippines and the Philippines/Guam Cluster Head.
Citi Philippines named Best Bank in Asia Pacific--again
Is the ninth straight year the bank has won the award.
3 in 4 Filipinos do not visit bank branches anymore
They prefer to do banking online.
Citibank aims to become Asia’s top digital bank
More clients discover the convenience of online and mobile banking.
BDO aims for 800 branches in 2013
Branch expansion a hedge against tougher regional competition.
Philippine banks to enforce most Basel III reforms
Are vying to be among the first Asian banks to price Basel III-compliant subordinated debt.
BPI introduces low interest credit cards
Claims 2% finance charge is the market’s lowest.
Metrobank signs deal to support Japanese SMEs
Metrobank will work with JBIC and Japanese financial institutions.
Tan named president of Philippine bankers’ group
Lorenzo Tan was elected President of the Bankers Association of the Philippines yesterday.
Domestic banks to provide almost 100% of Philippine government borrowings
Government plans to borrow US$3.7 billion from the local debt market in Q2.
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