Philippines

Banks to cut reserve requirement to boost lending. Sources said the Bangko Sentral ng Pilipinas, the central bank, is considering another reduction in the reserve requirement imposed on banks to halt the peso’s unabated rise in value.

Exceptional gains amounted to 23% of overall revenue.

Launches lending program for livestock owners nationwide.

The Philippines’ largest bank said this was because of strong demand.

Growth in January, however, is slower than December’s.

The system’s ratio of credit to GDP is low at about 30%.

But profit growth may slow sharply.

Attractive financial instruments needed to achieve this.

It's from the lower-than-expected loan-loss provision of PHP4.9b.

BDO Unibank's net income jumped 36 percent courtesy of its robust lending, deposit-taking, and fee-based businesses.

The Philippines is eyeing a tool is that provides deposit and lending facilities and ensure sufficient money supply.

UCPB registered a net income of P3.73 billion for 2012 boosted by its loan protfolio and  trading and securities earnings.

Foregone trust income could range from a low of PHP20m to as high as PHP440m.

Loans to SMEs and forex gains fuel profit increase in 2012.

Investors are urged to cut their holdings in Philippine banks.

Loan releases of Philippine commercial banks increased 16.2 percent to P3.219 trillion for the full year 2012.