Philippines
Philippine National Bank names Carlos Pedrosa as president and CEO
Pedrosa’s 30 years in banking made him the board’s choice to succeed Eugene S. Acevedo
Philippine National Bank names Carlos Pedrosa as president and CEO
Pedrosa’s 30 years in banking made him the board’s choice to succeed Eugene S. Acevedo
MasterCard campaigns for contactless payments in the Philippines
The card’s debit purchase volume in the Philippines up 47% as it posed a 46% rise in e-commerce transactions in the Southeast and South Asia markets.
Banco de Oro starts offering China UnionPay services
GFG Group enables the lender to harness China UnionPay transactions using its Cadencie platform.
Philippine banks to remain stable on improving domestic economy
The core Tier 1 capital adequacy ratio rose to an average 12% at end-2010, while the average loans/deposits ratio was stable at about 60%.
Philippines’ central bank approves banks to open 100 new branches
The ruling will enable lenders cater to financial needs of booming business activities in the country especially in rural areas.
StanChart Philippines to choose partner for bancassurance business
The lender is In talks with potential partners besides PruLife to complement its roster of services for the country’s elite.
StanChart Philippines plans setting up wealth management unit
The lender woos 2,500 of the country’s affluent to avail Priority Banking Program composed of competent wealth managers.
Banco de Oro eyes acquiring PBCom’s 67% stake
BDO emerged as the second bidder of PBCom after ISM Communications.
China Bank starts offering CNY savings accounts
Move to tap currency’s booming popularity, as China is expected to further liberalize policies for yuan-denominated investment instruments.
BPI extends its CEO’s term
Two year extension of Aurelio Montilnola’s term has been approved in line with his transformative initiatives.
PBCom silent on 67% stake bidders
Macquarie, adviser for the merger, would submit its recommendation to the bank after it completed its evaluation.
7 Philippine banks gets Moody’s credit rating upgrade
The rating agency said the rise in rating was in line with the upgrade of the Philippines' foreign currency deposit ceiling to Ba2 from Ba3.
BPI to unite two of its subsidiaries
The merging of BPI Capital Corp and BPI Bancassurance Inc will eliminate duplication, streamline operations, and lower costs.
Banco do Oro keen on remittances of overseas Filipinos
The lender believes the global disasters and crises has little effect on overall remittances figure of Filipinos working abroad.
Union Bank launches new credit card with Visa
Funds from overseas can be received through a new credit card jointly launched by Visa International and Union Bank of the Philippines.
PNB raises P6.5 B from sale of debt notes
Philippine National Bank raised P6.5 billion by selling 10-year debt notes qualifying as tier 2 or supplementary capital.
Philippine central bank seeks to loosen bank branching curb
Involves partial lifting of moratorium on the establishment of new banks in 8 restricted areas in nation’s premiere metropolitan area.
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