Philippines
China Banking Corp's net earnings up 24% to PHP3.9b
China Banking Corp's net earnings up 24% to PHP3.9b
But higher credit costs dragged down net profit.
Security Bank's net income surged to PHP4.2b
Thanks to higher trading gains.
Philippines’ DBP reports successful issuance of first Basel III compliant bonds
Issue is twice oversubscribed.
Philippines’ Metrobank ties-up with 46 Japanese banks
Will help Japanese expand Philippine operations.
Philippine bank lending rises 16%
Supports sustained expansion of productive sectors of the economy.
ADB sees bright outlook for Islamic finance in Asia
Islamic finance could help lower cost of financing well-structured investments.
Philippines, Bank of China launch Domestic Renminbi Transfer Service
Service will integrate with the renminbi global payment system.
Philippines’ Metrobank plans to raise US$464 million
Will tap the market for negotiable long-term deposit instruments.
Philippine central bank approves 143 applications for new bank offices
Approval was granted from April to June.
RCBC sold 89% stake in Bankard to PBB Trust
Purchase price yet to be revealed.
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.
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