Philippines
China Bank opens first of 40 new branches
China Bank opened its Cebu-Mandaue Cabancalan Branch, its 248th nationwide and 15th in Cebu.
China Bank opens first of 40 new branches
China Bank opened its Cebu-Mandaue Cabancalan Branch, its 248th nationwide and 15th in Cebu.
Metrobank entrusted to manage BSP Provident Fund
Lender's fund management excellence earned accreditation from the Philippines' central bank.
BPI Globe BanKO to lend $21.67bln for microfinance
Venture resulting from partnership of BPI and Globe Telecom aims to maximise lender’s wholesale microfinance portfolio.
Philippine Bank of Communications sale still possible
The state deposit insurer maintained hope for a possible takeover of troubled lender by March.
UCPB: Moving forward amid legal debacles
Perhaps a drive through Manila’s main thoroughfares would make one realize that Philippine banks have changed – quite literally, that is – what with the newly refurbished branches and fresh renditions of names and logos aimed at luring more customers.
China Bank ups network to 237 branches
China Bank opened another five branches in Metro Manila to bring its nationwide branch network to 237. This excludes the six China Bank Savings branches.
Bank of the Philippine Islands 2010 prospects mixed
BPI expects economy could go either way as country conducts presidential elections next year.
ANZ completes acquisition of RBS Philippines
RBS in the Philippines became the first of six markets to transition to ANZ ownership. ANZ is acquiring the Royal Bank of Scotland retail, wealth and commercial businesses in Taiwan, Singapore, Indonesia and Hong Kong, and the institutional businesses in Taiwan, the Philippines and Vietnam for approximately US$550 million.
Group on Philippine banks: Focus on domestic market
Bankers Association of the Philippines advises banks to prioritise domestic operations and refrain from risky moves.
China Bank group opens 3 branches & relocates others
China Bank's simultaneous opening of two new branches brought its branch count to 227. The opening of the Novaliches-Zabarte and N. Domingo branches coincided with the opening of the fourth branch of its savings bank arm, ChinaBank Savings, in Alabang Hills.
BDO builds micro-finance centre for marginalised sector
A US$258,000 centre for the microfinance programmes of the CARD MRI Development Institute has been completed by Banco de Oro.
Metrobank addresses Philippine demand for Yuan products
Metrobank became the first Philippine bank to offer Chinese Yuan denominated offerings which was piloted in Metro Manila last 28 September.
BPI's big cash cow: overseas Filipino workers
Continuous surge in inflow of money from Filipino workers abroad could produce $4.5 billion by yearend.
BPI Family Savings launches new service to SMEs
BPI Family Savings senior executive Mercedes Roces said the bank now offers comprehensive cash management package to SMEs.
Talks on PBCom sale in “advanced stages”
PDIC head told the media of bank’s possible acquisition by investors.
PSBank allowed to team up with Japan's Sumitomo
PSBank has been granted approval by the Philippine's central bank to invest up to 40 percent or approximately $38 billion in a joint venture with Sumitomo Corp.
Banco de Oro posts highest AUM with $6.97B
Banco De Oro Unibank has the highest assets under management at the end of June 2009, accounting for 25.15 percent of the total or US$8.56 billion. This was an increase of 22.7 percent from the end-December 2008 level of US$6.97 billion.
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