Philippines

China Bank has selected SunGard’s Ambit Asset Liability Management solution.

 Banco De Oro's consolidated resources has breached the US$ 22.8 billion mark at the end of 2010. The figure is a 16-percent increase from the previous year's level of US$19.69 billion.

Metrobank concluded a US$228.5 million stock rights offering.

There are now 33 less banks operating in the Philippines due to consolidation and closure.

The lender is cautiously optimistic on Philippine banking industry as concern for troublesome global economy contagion still remains.

Bigger gains in trading and lower funding costs boosted the bank’s profit.

EastWest Bank has recently introduced its lowest home loan interest rate of 5.88 per cent fixed for the first year.

BPI has loaned out the entire amount of its recently-raised P10 billion capital in its 2010 loan portfolio.

 

 

 

 

The Internet-based cash management solution delivers services to clients who need to constantly improve efficiency.

The additional capital will be used for offering more loans in the country.

Seeks to raise additional capital to take advantage of growth opportunities given the improving economic conditions.

Higher trading and foreign exchange gains, bank fees and commissions and strong contribution from key subsidiaries boosted growth.