Philippines
BDO's PHP4b net income in 2Q13 well within analyst's expectation
Net earnings reached PHP14.1b in 1H13.
Record US$415 million profit for Metrobank in H1
Also the highest ever by a local bank.
Philippines’ China Banking sees doubled credit card growth
Confident partnership with MasterCard will achieve this.
BDO's net income more than doubled to P14.1b
Total deposits broke the 1 trillion mark.
Philippine central bank won't impose new lending restrictions
Real demand is seen behind growing demand for real-estate lending.
Philippine National Bank to raise US$300 million
Offering new shares to raise cash.
Philippine banks open 211 branches in Q1
Permits greater access to formal financial services.
Metrobank to sell off non-core assets
Moody’s pleased with move to comply with Basel III.
Roberto de Ocampo appointed chairman of Philippine Veterans Bank
Was former Philippine Secretary of Finance.
Why Metrobank's PHP7.15b sale of non-core assets is credit positive
Tier 1 capital ratio will increase to 15.3%.
Philippine banks forced to declare tax on interest income from Central Bank
This covers years 2009 to 2013.
BDO funding US$130 million wind farm
Four leading Philippine lenders are bankrolling project.
Maybank opens third branch in Cebu City
Now has 56 branches in the Philippines.
Loan growth of Philippine banks slows down
Current lending can support sustainable economic growth, however.
Metrobank to issue the Philippines’ first ETFs
Will also list on the Hong Kong Stock Exchange.
Maybank Philippines reports 36.8% revenue rise
Also posts 55.9% year-on year jump in pre-tax profit.
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