Philippines

Cezar Consing last week formally became the 13th President and CEO of the Bank of the Philippine Islands.

The second largest bank says growth will be driven by the Philippines’ strong economic performance.

Batara Sianturi is the new Citi Country Officer for the Philippines and the Philippines/Guam Cluster Head.

Is the ninth straight year the bank has won the award.

They prefer to do banking online.

More clients discover the convenience of online and mobile banking.

Branch expansion a hedge against tougher regional competition.

Are vying to be among the first Asian banks to price Basel III-compliant subordinated debt.

Claims 2% finance charge is the market’s lowest.

Metrobank will work with JBIC and Japanese financial institutions.

Lorenzo Tan was elected President of the Bankers Association of the Philippines yesterday.

Government plans to borrow US$3.7 billion from the local debt market in Q2.

Plans to open 25 branches this year and 25 in 2014.

Banks to cut reserve requirement to boost lending. Sources said the Bangko Sentral ng Pilipinas, the central bank, is considering another reduction in the reserve requirement imposed on banks to halt the peso’s unabated rise in value.

Exceptional gains amounted to 23% of overall revenue.

Launches lending program for livestock owners nationwide.