Philippines
Landbank posts $211M net income in 2011
The Land Bank of the Philippines posted a record high net income of P9 billion or US$211 million in 2011
Landbank posts $211M net income in 2011
The Land Bank of the Philippines posted a record high net income of P9 billion or US$211 million in 2011
Banco Filipino does a phoenix--for the second time
A leading Philippine savings bank shuttered twice by the government in a span of 25 years is to re-open for the second time this March.
Rothschild comes to the Philippines
In Asia, Rothschild provides investment banking, private banking and venture capital services.
Banks lead record Philippine Stock Exchange surge
A strong rally yesterday led by banks pushed the Philippine Stock Exchange Index to a record 4822.08 points, up by 2.3%.
The Philippines’ 2nd largest bank is expanding
Adding 50 more branches will bring the branch network of Metropolitan Bank and Trust Company (Metrobank) to over 800, the largest in the Philippines.
Union Bank of the Philippines posts cheery results
Another cash-flush Philippine bank reports sterling bottom line results for 2011.
Government-owned bank in Philippines’ biggest public issuance
Land Bank of the Philippines said it raised P10.5 billion from the sale of Tier-2 notes.
Philippines’ EastWest Bank in massive branch expansion
East West Banking Corporation is getting ambitious to the tune of P6.63 billion.
Leading Philippine bank to go on M&A spree
Rizal Commercial Banking Corporation wants to buy more Philippine banks with nearly P5 billion.
Philippines faces volatile banking crisis
The Philippines’ financial system isn’t as immune to the worsening Eurozone debt crisis as it thinks it is.
CIMB Thai to acquire TM Bank
CIMB Thai Bank plc would acquire TMB Bank, formally known as The Thai Military Bank.
Philippines expects loan growth in 2012
The Bankers' Association of the Philippines (BAP) believes demand for loans will grow by 15% to 20% this year because of the country’s sound macroeconomic fundamentals.
Philippine banks’ total resources up 10%
The total resources of the Philippine banking system rose by almost 10 percent at the end of September. This is indicative of the public’s continued trust in the banking sector, according to the Bangko Sentral ng Pilipinas.
Closed Philippine rural banking system opens to foreign investments
A recently passed bill will allow non-Filipinos to buy and own up to 40% of a rural bank’s authorized capital stock.
RCBC loans Globe Telecom a whopping $114m
The seven-year loan is the telecom's second borrowing this year.
Metrobank nine month profit up 47.6% to $205.08mn
The lender's performance brought the bank’s annualized return on equity to 12.3%.
PSBank nine month profit up 1% to $35.72mn
The lender's loans and investments interest revenue soared to $19.15mn, offsetting a decline of $19.15mn in trading income.
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The Bank of Thailand is eyeing to expand connectivity with more countries.
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