Philippines
BDO and BPI to be hit the hardest by policy reform in reserves on trust
BDO and BPI to be hit the hardest by policy reform in reserves on trust
Foregone trust income could range from a low of PHP20m to as high as PHP440m.
RCBC profit up to US$153 million
Loans to SMEs and forex gains fuel profit increase in 2012.
Nomura predicts slower profit growth for Philippine banks
Investors are urged to cut their holdings in Philippine banks.
Philippine bank lending up 16.2%
Loan releases of Philippine commercial banks increased 16.2 percent to P3.219 trillion for the full year 2012.
Moody’s maintains PNB’s stable and positive outlooks
Moody’s Investors Service maintained all its ratings on Philippine National Bank.
BanKo expands banking services in Visayas region
Philippines’ first mobile-based savings bank takes two partners in expansion move.
Beware the nasty ATM scam in the Philippines
The culprit seems to be an international organized crime network.
Philippines' bank lending standards eased in 4Q12
It's attributed to improvement liquidity of banks’ asset portfolio.
PSBank reports 14% net income growth in 2012
Attributes it to increases in loans and investment portfolio.
East West bank introduces own debit card
New card suitable for families of Overseas Filipino Workers.
Security Bank net profit up 12% to PHP7.5b in 2012
But 4Q12 earnings fell 53% to PHP1.3b.
Bank of the Philippine Islands net profit up 27% to PHP16.3b in 2012
Thanks to a 25% jump in non-interest income.
Assets of BDO and subsidiaries rise 13%
The Philippines’ largest bank said combined assets increased to US$30.8 billion.
Philippine rural banks get P525-M assistance
The Philippine Deposit Insurance Corp. has approved P524.9 million of financial for rural banks.
Security Bank added 72 branches in 2012
Its now has 208 branches in the Philippines.
Foreign-owned banks balk at new Philippine regulation
Philippines wants them to list on the Philippine Stock Exchange.
Philippine banks to raise more capital to meet Basel 3 guidelines
Maybank says capital instruments issued in 2011 will be qualified until 2015 but older issuances will be ineligible.
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