Philippines
Asiatrust sale to AUB gets central bank approval
Asia United Bank Corp. welcomed the Bangko Sentral Approval of its acquisition of Asiatrust Development Bank.
Asiatrust sale to AUB gets central bank approval
Asia United Bank Corp. welcomed the Bangko Sentral Approval of its acquisition of Asiatrust Development Bank.
Banco de Oro takeover of Exportbank eyed by chairman
The chairman of the troubled Export and Industry Bank wants to sell all the banks assets and liabilities to Banco De Oro Unibank Inc.
Malaysia's CIMB acquires 60% of Philippines' Bank Of Commerce
CIMB acquired 60 percent of Bank of Commerce of the Philippines for US$288 million.
Strong demand for PNB tier 2 notes
Philippine National Bank has raised US$82.8 million to finance asset growth and to allow it to maintain a strong capital base.
HSBC sees Philippines as major renminbi market
HSBC’s push to become the largest international renminbi bank also targets the Philippines.
East-West bank in successful IPO
The first Philippine bank to IPO in eight years sees its shares oversubscribed by more than three times.
Philippine Savings Bank doubles net profit to $12.9M
Philippine Savings Bank reported a net income to US$12.9 million in the first quarter of 2012.
Philippine Deposit Insurance Corp takes over Exportbank
The Export & Industry Bank has been placed under receivership of the PDIC by the Philippines' Monetary Board.
Bankers Association of the Philippines appoints Alberto Villarosa as president
Mr Villarosa is also the President and CEO of Security Bank Corporation.
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?
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Why Philippine banks, insurers embrace hyper-personalized services
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Industry experts push for the rapid progress of unified customer data as a starting point.
Industry experts push for the rapid progress of unified customer data as a starting point.
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