Philippines
Closed Philippine rural banking system opens to foreign investments
A recently passed bill will allow non-Filipinos to buy and own up to 40% of a rural bank’s authorized capital stock.
Closed Philippine rural banking system opens to foreign investments
A recently passed bill will allow non-Filipinos to buy and own up to 40% of a rural bank’s authorized capital stock.
RCBC loans Globe Telecom a whopping $114m
The seven-year loan is the telecom's second borrowing this year.
Metrobank nine month profit up 47.6% to $205.08mn
The lender's performance brought the bank’s annualized return on equity to 12.3%.
PSBank nine month profit up 1% to $35.72mn
The lender's loans and investments interest revenue soared to $19.15mn, offsetting a decline of $19.15mn in trading income.
PSBank to raise $117.31mn for acquisitions
The move will strengthen the lender’s capital base.
Metrobank and Wells Fargo strike deal
The Filipino lender targets to provide Filipinos in the US the cheapest remittance service.
Philippine banks to put PEACe bond tax in escrow
Eight local lenders asked the court to stop the government from imposing a 20% tax on interest income from Php35b worth of bonds.
Philippine banks petitions to halt 20% bond tax enforcement
8 banks seek the country’s Supreme Court mandate to stop imposing the tax.
Innovations fuel BPI’s growth—CEO
The lender said it pioneered innovations through banking processes streamlining, computerizing and automating operations.
Omgeo appoints Nellie Dagdag as executive director in Asia Pacific
Ms Dagdag will be responsible for senior leadership at the sales and solution delivery department.
Bankers urge Philippine central bank to further liberalize forex rules
BSP officials believe easing of rules on foreign exchange would help prevent the steep fall or rise of the peso.
Philippine banks seen to withstand slowdown
The lender’s non-performing loan ratio was only 3.2% as of June as they continued to trim their soured loans and give out more loans.
Security Bank's net profit up 33% to PhP 2.4b
This resulted to an annualized return on equity of 19.0% as of June 2011.
BPI microfinance bank taps microinsurance business
3 BPI units join forces to deliver insurance products to low-income earning Filipinos
BPI launches investment service for overseas Filipino workers
With Investment 3.0, the lender provide online platform for investment opportunities though they are away from home.
Metrobank investment unit mulls offering $161.44mn retail bonds
FMIC’s debut access to the general capital markets has planned tenor of 5 years.
Banco de Oro plans issuing $69mn Tier 2 notes
The proceeds of notes having 10 years and 3 months maturity will be used for lender’s expansion.
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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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