Philippines

BPI positive it will surpass $4.5 billion in 2009 as US and global economy rebounds.

Double-digit surge in interest income and more efficient operations jacked up lender’s net profit.

Customised business package by thrift bank aimed to support growth of micro and small businesses.

Higher operating income and better cost management boosted bank's net to $132.53mln.

Bankers cited estimated 4% GDP growth powered by consumption-driven economic expansion as cause.

2009 full year 33% unaudited income rise is part of BPI’s recorded earnings growth. 

2009 full year 33% unaudited income rise is part of BPI’s recorded earnings growth. 

2009 full year 33% unaudited income rise is part of BPI’s recorded earnings growth. 

Growth in yuan transactions to $25.54mln in 2009 from $7,313 in 2008 prompted Renminbi products offering.

Standard Chartered Plc. has agreed to lend Philippines-based Card Bank P75 million, or about $1.62 million.

China Bank opened its Cebu-Mandaue Cabancalan Branch, its 248th nationwide and 15th in Cebu.

Lender's fund management excellence earned accreditation from the Philippines' central bank.

Venture resulting from partnership of BPI and Globe Telecom aims to maximise lender’s wholesale microfinance portfolio.

The state deposit insurer maintained hope for a possible takeover of troubled lender by March.

Perhaps a drive through Manila’s main thoroughfares would make one realize that Philippine banks have changed – quite literally, that is – what with the newly refurbished branches and fresh renditions of names and logos aimed at luring more customers.

China Bank opened another five branches in Metro Manila to bring its nationwide branch network to 237. This excludes the six China Bank Savings branches.