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BPI reviews capital structure to prepare for Basel 3 requirements

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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.

Posted: December 14th, 2012 in Latest Business Stories | Read More »

Biz Buzz: PAL party time

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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.

Posted: December 2nd, 2012 in Headlines | Read More »

Montinola asked to stay on as BPI CEO for 2 more years

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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 [...]

Posted: June 16th, 2011 in Headlines | Read More »

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