Philippines

The lender said it pioneered innovations through banking processes streamlining, computerizing and automating operations.

Ms Dagdag will be responsible for senior leadership at the sales and solution delivery department.

BSP officials believe easing of rules on foreign exchange would help prevent the steep fall or rise of the peso.

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.

This resulted to an annualized return on equity of 19.0% as of June 2011.

3 BPI units join forces to deliver insurance products to low-income earning Filipinos

With Investment 3.0, the lender provide online platform for investment opportunities though they are away from home.

FMIC’s debut access to the general capital markets has planned tenor of 5 years.

The proceeds of notes having 10 years and 3 months maturity will be used for lender’s expansion.

Robust operating income and disciplined expenses fuelled growth.

This should keep the government bond yields low in Q4 2011.

LBC Development Bank has been placed under receivership of the Philippine Deposit Insurance Corp.

Yet the realization of the move still depends on the health of US and European economy.

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.

The Philippine central bank allowed the lender to convert up to 41 of the 46 Green Bank branches.

The BSP attributes low incidence of problem loans to the adoption of prudent lending standards.