Philippines

BDO, BPI, Citibank Philippines, HSBC and Metrobank agreed to form a body to keep track of good, bad borrowers.

The company’s largest product in terms of valuation is mutual funds’ assets reached $1.08bn.

The thrift bank achieves double-digit surge amidst interest rate competition on mortgage loans.

Yet operating costs surged 11%, with half of the increase coming from higher manpower costs due to a new agreement with the bank's labor union.

The pact gives access to Globe subscribers to various financial transactions such as payments, account inquiries and reloading from their PSBank account to their enrolled GCash wallet.

Industrial peace make the lender rake in more profits amid fierce competition in the industry.

Pedrosa’s 30 years in banking made him the board’s choice to succeed Eugene S. Acevedo

The card’s debit purchase volume in the Philippines up 47% as it posed a 46% rise in e-commerce transactions in the Southeast and South Asia markets.

GFG Group enables the lender to harness China UnionPay transactions using its Cadencie platform.

The core Tier 1 capital adequacy ratio rose to an average 12% at end-2010, while the average loans/deposits ratio was stable at about 60%.

The ruling will enable lenders cater to financial needs of booming business activities in the country especially in rural areas.

The lender is In talks with potential partners besides PruLife to complement its roster of services for the country’s elite.

The lender woos 2,500 of the country’s affluent to avail Priority Banking Program composed of competent wealth managers.

BDO emerged as the second bidder of PBCom after ISM Communications.

Move to tap currency’s booming popularity, as China is expected to further liberalize policies for yuan-denominated investment instruments.

Two year extension of Aurelio Montilnola’s term has been approved in line with his transformative initiatives.