Philippines

PSBank reports 14% net income growth in 2012

Attributes it to increases in loans and investment portfolio.

PSBank reports 14% net income growth in 2012

Attributes it to increases in loans and investment portfolio.

East West bank introduces own debit card

New card suitable for families of Overseas Filipino Workers.

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.

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.