Philippines
BPI: Redefining opportunities
Bank of the Philippine Islands prioritised liquidity over market share last year in anticipation of a difficult environment after the unprecedented shakeout in Wall Street. But from this year onwards, Southeast Asia's oldest bank is going after consumers as well as micro and small and medium enterprises (SMEs) in a big way.
BPI: Redefining opportunities
Bank of the Philippine Islands prioritised liquidity over market share last year in anticipation of a difficult environment after the unprecedented shakeout in Wall Street. But from this year onwards, Southeast Asia's oldest bank is going after consumers as well as micro and small and medium enterprises (SMEs) in a big way.
Bank of the Philippine Islands seeks slower provisioning
Lender upbeat on ‘solid’ 10-15% growth in 2010 after incurring flat total revenue in 1Q.
PSBank Q1 profit up 57% at $11mln
Lender sees surge in consumer loans to continue due to improved consumer confidence.
Philippine Bank of Communications equity sale goes on
Lender opted to look forward to divesting 67% of its equity even beyond March deadline.
Philippine National Bank partners with Bank of China
Agreement is part of Philippines lender’s goal of expanding its non-Filipino remittance business.
No Philippine bank big enough to fail
Central bank pledged vigilance over possibility of future crises by ensuring large banks are adequately capitalized.
Moody's says Philippines banking system outlook stable
Rating attributed to banks' well preserved and deposit-funded balance sheets and improving domestic and global economy.
Bank of the Philippine Islands expects $5bln remittances
BPI positive it will surpass $4.5 billion in 2009 as US and global economy rebounds.
Metrobank 2009 profit up 36.8% at $131mln
Double-digit surge in interest income and more efficient operations jacked up lender’s net profit.
BPI Family extends loan exposure to small firms
Customised business package by thrift bank aimed to support growth of micro and small businesses.
Banco De Oro 2009 profit up 173%
Higher operating income and better cost management boosted bank's net to $132.53mln.
Philippines eyes double-digit bank lending growth in 2010
Bankers cited estimated 4% GDP growth powered by consumption-driven economic expansion as cause.
Bank of Philippine Islands Q4 net up 7%
2009 full year 33% unaudited income rise is part of BPI’s recorded earnings growth.
Bank of Philippine Islands Q4 net up 7%
2009 full year 33% unaudited income rise is part of BPI’s recorded earnings growth.
Bank of Philippine Islands Q4 net up 7%
2009 full year 33% unaudited income rise is part of BPI’s recorded earnings growth.
Bank of the Philippine Islands launches yuan-denominated account
Growth in yuan transactions to $25.54mln in 2009 from $7,313 in 2008 prompted Renminbi products offering.
Standard Chartered loans Philippine bank CARD $1.62 M
Standard Chartered Plc. has agreed to lend Philippines-based Card Bank P75 million, or about $1.62 million.
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