Philippines
Malaysia's CIMB close to acquiring 60% stake in Philippines' BoC
Malaysia's CIMB close to acquiring 60% stake in Philippines' BoC
CIMB's acquisition of a 60% stake in the Bank of Commerce is now awaiting the Philippine central bank's approval.
ChinaBank Savings in huge branch expansion
ChinaBank Savings, Inc plans to quintuple its number of branches in the next three to five years.
RCBC and Resona Bank forge alliance
Two of the largest banks in the Philippines and Japan have agreed to work together to leverage growth prospects in their respective countries.
BDO to raise $1B core capital through rights offer
BDO Unibank Inc would raise $1 billion addtional capital through a rights offer.
Philippine central bank accredits 4 rural financial institutions
The Bangko Sentral ng Pilipinas has accredited four rural banks as rural financial institutions.
Philippine banking system quite profitable
Its rising incomes should see Philippine banks lend more as the Philippine economy continues on its growth curve.
Banco de Oro braces for Basel III
Banco de Oro Unibank, Inc intends to raise at least US$200 million in Tier 1 Capital this year.
Will CIMB finally break into Philippine banking?
According to recent reports, CIMB is to acquire a 60% stake in Bank of Commerce - but will it succeed?
HSBC denies exit plans from Bangladesh, Pakistan, NZ and Phiippines
HSBC dismissed a Financial Times report saying it plans to scale back or even exit certain Asian countries to concentrate on core areas.
Philippine deposits surge to US$120 billion
The Philippine baking system showed robust deposit strength in 2011.
Philippine banks advised to comply with FATCA
Banks in the Philippines were encouraged to participate in the Foreign Account Tax Compliance Act to prepare them for the global banking environment.
Banco de Oro posts record profit
The Philippines’ largest bank in assets, loans and deposits reports record performance metrics for 2011.
Landbank posts $211M net income in 2011
The Land Bank of the Philippines posted a record high net income of P9 billion or US$211 million in 2011
Banco Filipino does a phoenix--for the second time
A leading Philippine savings bank shuttered twice by the government in a span of 25 years is to re-open for the second time this March.
Rothschild comes to the Philippines
In Asia, Rothschild provides investment banking, private banking and venture capital services.
Banks lead record Philippine Stock Exchange surge
A strong rally yesterday led by banks pushed the Philippine Stock Exchange Index to a record 4822.08 points, up by 2.3%.
The Philippines’ 2nd largest bank is expanding
Adding 50 more branches will bring the branch network of Metropolitan Bank and Trust Company (Metrobank) to over 800, the largest in the Philippines.
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