Philippines
Bank of the Philippine Islands net profit up 27% to PHP16.3b in 2012
Thanks to a 25% jump in non-interest income.
Bank of the Philippine Islands net profit up 27% to PHP16.3b in 2012
Thanks to a 25% jump in non-interest income.
Assets of BDO and subsidiaries rise 13%
The Philippines’ largest bank said combined assets increased to US$30.8 billion.
Philippine rural banks get P525-M assistance
The Philippine Deposit Insurance Corp. has approved P524.9 million of financial for rural banks.
Security Bank added 72 branches in 2012
Its now has 208 branches in the Philippines.
Foreign-owned banks balk at new Philippine regulation
Philippines wants them to list on the Philippine Stock Exchange.
Philippine banks to raise more capital to meet Basel 3 guidelines
Maybank says capital instruments issued in 2011 will be qualified until 2015 but older issuances will be ineligible.
Borromeo appointed Plantersbank President
Veteran banker leads Philippines’ largest lender to small and medium enterprises.
Union Bank of the Philippines surprises with Php7.6b profits in 2012
It's 8.5% higher than analyst's estimates.
Maybank eyes Muslim market in southern Philippines
Maybank will expand its financial services and investing in the Mindanao region of the Philippines.
Metrobank's loan growth forecast to increase 15% in 2013
Transaction fee income is an impetus for earnings expansion.
Metrobank declares PHP1 per share cash dividend
It represents a 20% payout of previous year’s earnings.
Maybank injects US$100m capital for growth in the Philippines
It recently invested US$48m for a new head office in Manila.
Philippine Business Bank to IPO
February IPO could earn some US$99 million.
PNB-Allied Bank merger to be completed in February
Consolidated earnings expected to decline 7.5% to PHP5.7b this year.
PNB, Allied Bank gets a go-ahead to merge
Merger to be completed in February.
"I do not believe in one-size-fits-all": Deutsche Bank's Dave Fuentebella
As the new head of global transaction banking for the Philippines, Dave plans to create efficiencies internally to bring better solutions to clients.
Philippine banks' lending slowed to 14% in November
Slowdown was most evident in trade and construction.
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Why Philippine banks, insurers embrace hyper-personalized services
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