Philippines

Four leading Philippine lenders are bankrolling project.

Now has 56 branches in the Philippines.

Current lending can support sustainable economic growth, however.

Will also list on the Hong Kong Stock Exchange.

Also posts 55.9% year-on year jump in pre-tax profit.

It has a US$441m agriculture portfolio.

58% of BOC is now CIMB-owned.

Will be led by mid-sized commercial banks.

Financial sector outperforming the main PSE index.

Over a third of towns without banking offices.

Did you know that there are over 2.5 billion people without any bank accounts in the world, and most of them are in Asia? And less than one quarter of the world’s 2.4 billion poor have a bank account. Managing their money using formal financial services – savings accounts, loans, insurance, and remittances -- is a wonderful, terrible, impossible dream for many, many families.

President Benigno Simeon Aquino signs Republic Act 1057 into law.

Says wealth management services becoming more popular.

Intends to equip more branches with solar arrays.

Total cuts now more than 200 basis points since July 2012.

Gives them a stable rating.