Philippines

Metrobank will work with JBIC and Japanese financial institutions.

Lorenzo Tan was elected President of the Bankers Association of the Philippines yesterday.

Government plans to borrow US$3.7 billion from the local debt market in Q2.

Plans to open 25 branches this year and 25 in 2014.

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.