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BDO named ‘best domestic bank’

The country’s largest bank, Banco de Oro Unibank, has bagged another “best domestic bank” distinction, this time from business and finance magazine Asiamoney.

Posted: October 23rd, 2014 in Headlines | Read More »

BSP guard up as rising loans fuel concerns

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The Bangko Sentral ng Pilipinas (BSP) has under control local banks’ stockpile of consumer loans which, despite having grown in recent years, still account for a small portion of the financial industry’s total portfolio.

Posted: October 23rd, 2014 in Headlines | Read More »

Metrobank steps up consumer lending

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Local banking giant Metropolitan Bank and Trust Co. is beefing up its consumer lending business to take advantage of the country’s growing middle class, which is in the market for a car and housing loan.

Posted: October 22nd, 2014 in Headlines | Read More »

BSP rules on big banks get tighter

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BSP Governor Amando M. Tetangco Jr.: Major initiative. INQUIRER FILE PHOTO

The central bank has announced a third major regulation change in two days, this time ordering banks deemed “too big to fail” to set aside more substantial capital buffers for potential losses.

Posted: October 22nd, 2014 in Editor's Pick,Headlines | Read More »

BSP amends rules governing bank lending

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Cash flow, not collateral, will soon be the main factor that banks will consider when lending money to consumers and small businesses following a major change in rules approved by regulators this week.

Posted: October 20th, 2014 in Editor's Pick,Headlines | Read More »

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