Philippines

Philippines trims number of banks

The Philippines has 27 less banks.

DBP selling Al-Amanah Islamic bank

The Development Bank of the Philippines has received government approval to sell its 99.88% stake in the Philippines’ only Islamic bank.

Here's the latest on Philippine banks' real estate exposure

Philippine banks are now forced to submit a quarterly expanded report on real estate exposure from 30 January 2013.

Philippine central bank loans to govt, banks reach R117B

The central bank of the Philippines lent R117 billion to the government and banks as of end-April, up 11.4 percent year-on-year.

Philippines provides more incentives to bank mergers

The Bangko Sentral ng Pilipinas has revised its rules and allowed more incentives on banks’ mergers and consolidations.

BDO not in a hurry to tap fresh capital for lending

BDO  is not in a rush to tap fresh capital for its lending business, since it has adequate funds.

Philippine bank lending slows in August

Outstanding loans of Philippine commercial banks slowed to 14 percent in August from 16 percent in July.

ADB signs deal promoting Islamic banking in Asia

The Asian Development Bank has signed an agreement that will expedite the adoption of Islamic banking across Asia.

Here's why the best mobile solutions are yet to come

Real innovation is happening in most markets. Unfortunately often the development is in a vacuum.

Buenaventura heads DBP

Gil Buenaventura was sworn in as President and CEO of state-owned Development Bank of the Philippines this week.

Philippine banks pooling $1B to finance public projects

Philippine banks will pool up to US$1 billion to finance projects under the public private partnership initiative of the government.