Philippines
HSBC sees Philippines as major renminbi market
HSBC’s push to become the largest international renminbi bank also targets the Philippines.
HSBC sees Philippines as major renminbi market
HSBC’s push to become the largest international renminbi bank also targets the Philippines.
East-West bank in successful IPO
The first Philippine bank to IPO in eight years sees its shares oversubscribed by more than three times.
Philippine Savings Bank doubles net profit to $12.9M
Philippine Savings Bank reported a net income to US$12.9 million in the first quarter of 2012.
Philippine Deposit Insurance Corp takes over Exportbank
The Export & Industry Bank has been placed under receivership of the PDIC by the Philippines' Monetary Board.
Bankers Association of the Philippines appoints Alberto Villarosa as president
Mr Villarosa is also the President and CEO of Security Bank Corporation.
Malaysia's CIMB close to acquiring 60% stake in Philippines' BoC
CIMB's acquisition of a 60% stake in the Bank of Commerce is now awaiting the Philippine central bank's approval.
ChinaBank Savings in huge branch expansion
ChinaBank Savings, Inc plans to quintuple its number of branches in the next three to five years.
RCBC and Resona Bank forge alliance
Two of the largest banks in the Philippines and Japan have agreed to work together to leverage growth prospects in their respective countries.
BDO to raise $1B core capital through rights offer
BDO Unibank Inc would raise $1 billion addtional capital through a rights offer.
Philippine central bank accredits 4 rural financial institutions
The Bangko Sentral ng Pilipinas has accredited four rural banks as rural financial institutions.
Philippine banking system quite profitable
Its rising incomes should see Philippine banks lend more as the Philippine economy continues on its growth curve.
Banco de Oro braces for Basel III
Banco de Oro Unibank, Inc intends to raise at least US$200 million in Tier 1 Capital this year.
Will CIMB finally break into Philippine banking?
According to recent reports, CIMB is to acquire a 60% stake in Bank of Commerce - but will it succeed?
HSBC denies exit plans from Bangladesh, Pakistan, NZ and Phiippines
HSBC dismissed a Financial Times report saying it plans to scale back or even exit certain Asian countries to concentrate on core areas.
Philippine deposits surge to US$120 billion
The Philippine baking system showed robust deposit strength in 2011.
Philippine banks advised to comply with FATCA
Banks in the Philippines were encouraged to participate in the Foreign Account Tax Compliance Act to prepare them for the global banking environment.
Banco de Oro posts record profit
The Philippines’ largest bank in assets, loans and deposits reports record performance metrics for 2011.
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The Bank of Thailand is eyeing to expand connectivity with more countries.
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