BPI reviews capital structure to prepare for Basel 3 requirements
By Doris C. Dumlao
The Ayala-led Bank of the Philippine Islands will review its capital structure in 2011 to prepare for stringent capital adequacy ratio requirements under Basel 3.
The Ayala-led Bank of the Philippine Islands will review its capital structure in 2011 to prepare for stringent capital adequacy ratio requirements under Basel 3.
Many things have changed since San Miguel Corp., led by Ramon S. Ang, acquired a stake in flag carrier Philippine Airlines (PAL). Under new management, PAL—which at 70 years of age enjoys the distinction of being Asia’s first carrier—expects to post a profit for its current fiscal year that ends in March.
The Bank of the Philippine Islands (BPI) has asked executive Aurelio Montinola III to stay for two more years as the lender’s president and CEO after he reaches the mandatory retirement age of 65 this August. In a disclosure, the Ayala-led company said the extension would give Montinola more time to finish reforms he had [...]
