Philippines

The Philippine baking system showed robust deposit strength in 2011.

Banks in the Philippines were encouraged to participate in the Foreign Account Tax Compliance Act to prepare them for the global banking environment.

The Philippines’ largest bank in assets, loans and deposits reports record performance metrics for 2011.

The Land Bank of the Philippines posted a record high net income of P9 billion or US$211 million in 2011

A leading Philippine savings bank shuttered twice by the government in a span of 25 years is to re-open for the second time this March.

In Asia, Rothschild provides investment banking, private banking and venture capital services. 

A strong rally yesterday led by banks pushed the Philippine Stock Exchange Index to a record 4822.08 points, up by  2.3%.

Adding 50 more branches will bring the branch network of Metropolitan Bank and Trust Company (Metrobank) to over 800, the largest in the Philippines.

Another cash-flush Philippine bank reports sterling bottom line results for 2011.

Land Bank of the Philippines said it raised P10.5 billion from the sale of Tier-2 notes.

East West Banking Corporation is getting ambitious to the tune of P6.63 billion.

Rizal Commercial Banking Corporation wants to buy more Philippine banks with nearly P5 billion.

The Philippines’ financial system isn’t as immune to the worsening Eurozone debt crisis as it thinks it is.

CIMB Thai Bank plc would acquire TMB Bank, formally known as The Thai Military Bank.

The Bankers' Association of the Philippines (BAP) believes demand for loans will grow by 15% to 20% this year because of the country’s sound macroeconomic fundamentals.

The total resources of the Philippine banking system rose by almost 10 percent at the end of September. This is indicative of the public’s continued trust in the banking sector, according to the Bangko Sentral ng Pilipinas.