Philippines
Philippine banks to put PEACe bond tax in escrow
Eight local lenders asked the court to stop the government from imposing a 20% tax on interest income from Php35b worth of bonds.
Philippine banks to put PEACe bond tax in escrow
Eight local lenders asked the court to stop the government from imposing a 20% tax on interest income from Php35b worth of bonds.
Philippine banks petitions to halt 20% bond tax enforcement
8 banks seek the country’s Supreme Court mandate to stop imposing the tax.
Innovations fuel BPI’s growth—CEO
The lender said it pioneered innovations through banking processes streamlining, computerizing and automating operations.
Omgeo appoints Nellie Dagdag as executive director in Asia Pacific
Ms Dagdag will be responsible for senior leadership at the sales and solution delivery department.
Bankers urge Philippine central bank to further liberalize forex rules
BSP officials believe easing of rules on foreign exchange would help prevent the steep fall or rise of the peso.
Philippine banks seen to withstand slowdown
The lender’s non-performing loan ratio was only 3.2% as of June as they continued to trim their soured loans and give out more loans.
Security Bank's net profit up 33% to PhP 2.4b
This resulted to an annualized return on equity of 19.0% as of June 2011.
BPI microfinance bank taps microinsurance business
3 BPI units join forces to deliver insurance products to low-income earning Filipinos
BPI launches investment service for overseas Filipino workers
With Investment 3.0, the lender provide online platform for investment opportunities though they are away from home.
Metrobank investment unit mulls offering $161.44mn retail bonds
FMIC’s debut access to the general capital markets has planned tenor of 5 years.
Banco de Oro plans issuing $69mn Tier 2 notes
The proceeds of notes having 10 years and 3 months maturity will be used for lender’s expansion.
Philippines' total bank profits up 23% to $1.07bn
Robust operating income and disciplined expenses fuelled growth.
Philippine banking system's excess liquidity remains high
This should keep the government bond yields low in Q4 2011.
LBC Bank placed under receivership
LBC Development Bank has been placed under receivership of the Philippine Deposit Insurance Corp.
EastWest Bank targets 2012 IPO
Yet the realization of the move still depends on the health of US and European economy.
Asia United Bank profit drops 30% to $12.48mn
The lender’s non-interest income income from trading and trust and fee-based profits, income from securities trading and earnings from foreign exchange trading suffered fall.
EastWest Bank engages in microfinance via M&A
The Philippine central bank allowed the lender to convert up to 41 of the 46 Green Bank branches.
Thought Leadership Centre
In Association with
In Association with
In Association with
Most Read
1. DBS CEO Piyush Gupta sells S$2.69m bank shares 2. Why tech is not the focal point of banks’ digital transformations 3. OCBC remains stable amidst strong credit fundamentals: Moody's 4. UOB to maintain good asset quality amidst profitability dip 5. Road closures set around Sports Hub, Marina Centre for OCBC Cycle on 11-12 MayResource Center
Read Here
Advertise
Sign Up
Awards
Jul
04
Jul
04
Jul
04
Events
Jun
24
Event News
Event News
Unlock the future through the Asian Banking & Finance Forum 2024 in Kuala Lumpur
![Unlock the future through the Asian Banking & Finance Forum 2024 in Kuala Lumpur]()
Co-Written / Partner
Join the journey on 25 June 2024, and be part of the catalyst for progress in this dynamic sector.
Join the journey on 25 June 2024, and be part of the catalyst for progress in this dynamic sector.
Videos
Partner Sites
Thought Leadership Centre
In Association with
In Association with
In Association with
Most Read
1. DBS CEO Piyush Gupta sells S$2.69m bank shares 2. Why tech is not the focal point of banks’ digital transformations 3. OCBC remains stable amidst strong credit fundamentals: Moody's 4. UOB to maintain good asset quality amidst profitability dip 5. Road closures set around Sports Hub, Marina Centre for OCBC Cycle on 11-12 MayAwards
Jul
04
Jul
04
Jul
04
Events
Jun
24
Commentary
Generative AI’s role in the evolution of banking
Beyond the Hype: Building Trust in Generative AI for a Secure Financial Future