Philippines
ChinaBank in 10-for-1 stock split
The Philippines’ China Banking Corporation last week cut the par value of its shares from P100 to P10 in a 10-for-1 stock split of its common shares.
ChinaBank in 10-for-1 stock split
The Philippines’ China Banking Corporation last week cut the par value of its shares from P100 to P10 in a 10-for-1 stock split of its common shares.
Philippine banks awash in too much cash
The Philippines’ central bank warns that the mountain of cash held by Philippine banks could trigger rampant inflation.
Philippines' BDO to add as many branches as possible
Banco De Oro plans to add as many branches that it could handle to its 740-plus network.
China Bank to finally have its own credit card
The Philippines’ China Banking Corporation will issue its first credit card next year.
59% of Filipinos know their personal finances well
Filipinos scored an all-time high of 52.6 out of a possible 100 points in the latest Citi Financial Quotient Survey.
Credit standard for Philippine banks eases: Central Bank
Credit standards for loans given to businesses remain unchanged but standards to household have eased slightly.
Citibank unveils Dining Program for Philippine cardholders going to Australia
All Citibank credit cardholders get a free bottle of award winning wine everytime they use cards to pay.
RCBC's income up 35% to $71.9M
Rizal Commercial Banking Corp.'s income grew 35 percent year-on-year in the first semester to P3.01 billion or US$71.95 milllion.
Moody’s lauds Philippine regulations encouraging mergers
Moody’s expects regulations encouraging consolidations in the smaller sector of the Philippine banking industry to improve the credit standing of big banks.
Philippine bank lending increases 14.9% in 1H
Total outstanding loans among Philippine banks grew 14.9 percent to P2.95 trillion at the end of the first semester.
Asia-Pacific banks warned against credit growth-related stress
Philippine banking sector's exposure to failure due to excessive lending remained low, according to Fitch.
BDO to establish a $2B EMTN program
BDO will establish a US$2 billion Euro Medium Term Note program and to retire P10 Billion of Tier 2 debt by November 2012.
One day check clearing in the Philippines probable
The Philippine central bank said a bill will be filed in the country’s Congress to reduce the clearing time for checks to just one day.
BDO to establish US$2 billion EMTN program
BDO Unibank, the Philippines’ largest bank in terms of assets, looks to lower funding costs.
Philippines' Security Bank expands
Security Bank has expanded its branch network and has put up Security Bank Savings.
Philippines' Security Bank posts 29% loan growth
Expansion in various industries pushed Security Bank's loan portfolio up by 29 percent in the first half of 2012.
Philippines’ BPI reports stellar first half results
The Philippines’ oldest and third largest bank by assets reported a 52% jump in net income during the first half.
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