Philippines
New law allows 60% ownership in Philippine rural banks
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.
Fitch affirms ratings of four top Philippine banks
Gives them a stable rating.
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.
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