Philippines
Aggressive Philippine bank continues M&A spree
Aggressive Philippine bank continues M&A spree
Asia United Bank has completed the acquisition of its third Philippine bank in three years.
Agreement to boost mobile banking in the Philippines
The Philippines and the United States have entered into an agreement that will give Filipinos more access to mobile banking and payment services.
Exportbank clients to start getting deposit insurance
Philippine Deposit Insurance Corp. will start paying depositors of Export and Industry Bank on June 19.
Sterling Bank raises funds for expansion
Improved investor confidence leads to Sterling Bank of Asia raising US$11.5 million from the sale of Tier 2 notes.
Philippine banks claim safety from Eurozone crisis
The Philippines expects to ride out the worst of the Eurozone debt crisis.
Bill allowing 60% ownership of Philippine rural banks gets BSP support
The Philippine central bank is supporting the Senate and Lower House bills allowing 60% foreign ownership of rural banks.
Banco De Oro acquires rural bank
BDO Unibank has acquired Rural Bank of San Juan Inc. and will assume its liabilities and recorded assets.
EastWest Bank records good numbers
The Philippines’ EastWest Banking Corporation posts industry leading numbers for the first quarter.
Philippine banks outdid regional rivals in 2011
The Philippines’ central bank claims the country’s banks did better than most of its Southeast Asian rivals.
Asiatrust sale to AUB gets central bank approval
Asia United Bank Corp. welcomed the Bangko Sentral Approval of its acquisition of Asiatrust Development Bank.
Banco de Oro takeover of Exportbank eyed by chairman
The chairman of the troubled Export and Industry Bank wants to sell all the banks assets and liabilities to Banco De Oro Unibank Inc.
Malaysia's CIMB acquires 60% of Philippines' Bank Of Commerce
CIMB acquired 60 percent of Bank of Commerce of the Philippines for US$288 million.
Strong demand for PNB tier 2 notes
Philippine National Bank has raised US$82.8 million to finance asset growth and to allow it to maintain a strong capital base.
HSBC sees Philippines as major renminbi market
HSBC’s push to become the largest international renminbi bank also targets the Philippines.
East-West bank in successful IPO
The first Philippine bank to IPO in eight years sees its shares oversubscribed by more than three times.
Philippine Savings Bank doubles net profit to $12.9M
Philippine Savings Bank reported a net income to US$12.9 million in the first quarter of 2012.
Philippine Deposit Insurance Corp takes over Exportbank
The Export & Industry Bank has been placed under receivership of the PDIC by the Philippines' Monetary Board.
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