Philippines
Bank of the Philippine Islands seeks slower provisioning
Bank of the Philippine Islands seeks slower provisioning
Lender upbeat on ‘solid’ 10-15% growth in 2010 after incurring flat total revenue in 1Q.
PSBank Q1 profit up 57% at $11mln
Lender sees surge in consumer loans to continue due to improved consumer confidence.
Philippine Bank of Communications equity sale goes on
Lender opted to look forward to divesting 67% of its equity even beyond March deadline.
Philippine National Bank partners with Bank of China
Agreement is part of Philippines lender’s goal of expanding its non-Filipino remittance business.
No Philippine bank big enough to fail
Central bank pledged vigilance over possibility of future crises by ensuring large banks are adequately capitalized.
Moody's says Philippines banking system outlook stable
Rating attributed to banks' well preserved and deposit-funded balance sheets and improving domestic and global economy.
Bank of the Philippine Islands expects $5bln remittances
BPI positive it will surpass $4.5 billion in 2009 as US and global economy rebounds.
Metrobank 2009 profit up 36.8% at $131mln
Double-digit surge in interest income and more efficient operations jacked up lender’s net profit.
BPI Family extends loan exposure to small firms
Customised business package by thrift bank aimed to support growth of micro and small businesses.
Banco De Oro 2009 profit up 173%
Higher operating income and better cost management boosted bank's net to $132.53mln.
Philippines eyes double-digit bank lending growth in 2010
Bankers cited estimated 4% GDP growth powered by consumption-driven economic expansion as cause.
Bank of Philippine Islands Q4 net up 7%
2009 full year 33% unaudited income rise is part of BPI’s recorded earnings growth.
Bank of Philippine Islands Q4 net up 7%
2009 full year 33% unaudited income rise is part of BPI’s recorded earnings growth.
Bank of Philippine Islands Q4 net up 7%
2009 full year 33% unaudited income rise is part of BPI’s recorded earnings growth.
Bank of the Philippine Islands launches yuan-denominated account
Growth in yuan transactions to $25.54mln in 2009 from $7,313 in 2008 prompted Renminbi products offering.
Standard Chartered loans Philippine bank CARD $1.62 M
Standard Chartered Plc. has agreed to lend Philippines-based Card Bank P75 million, or about $1.62 million.
China Bank opens first of 40 new branches
China Bank opened its Cebu-Mandaue Cabancalan Branch, its 248th nationwide and 15th in Cebu.
Thought Leadership Centre
In Association with
Most Read
1. Franklin Templeton gets approval to launch first retail tokenised fund in Singapore 2. Vietnam’s finance sector faces digitalisation challenges despite eased regulation 3. Singapore in talks with banks to enhance financing schemes for businesses 4. GXS Bank names Pei-Si Lai as group CEO 5. Banks feel pressure from private creditResource Center
Read Here
Advertise
Sign Up
Awards
Jul
03
Jul
03
Jul
08
Event News
Nonbank lenders are now providing capital even to low-risk corporate clients.
Commentary
Young Malaysians, big money mistakes: What’s going wrong with Islamic financial behaviour?
The Asian connection: China's path to sustainable growth