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Hopeful bank rehabilitation plan

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There seems to be light at the end of the tunnel for the uninsured depositors of shuttered Export and Industry Bank who have a combined deposit of P10.7 billion.

Posted: March 21st, 2014 in Columnists,Featured Columns,Headlines,Inquirer Columns | Read More »

BSP to banks: Upgrade ATM software by April 8

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INQUIRER FILE PHOTO

Regulators are set to issue a reminder for local banks to upgrade the software their automated teller machines (ATM) are running to ensure they are shielded from possible security risks.

Posted: March 19th, 2014 in Latest Business Stories | Read More »

Entry of more foreign banks eyed

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BSP Governor Amando M. Tetangco Jr.: Room to keep rates low is ‘narrower’. INQUIRER FILE PHOTO

Regulators are set to ask Congress for new legislation that would open up the local banking sector to the entry of foreign players ahead of the planned integration of financial markets of Southeast Asian nations.

Posted: February 19th, 2014 in Editor's Pick,Headlines | Read More »

BPI one of Asia’s best capitalized banks, says Moody’s

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Ayala-led Bank of the Philippine Islands (BPI) is now one of Asia’s best capitalized banks following the unprecedented amount of fresh cash it raised from its stock rights offering this week.

Posted: February 7th, 2014 in Headlines | Read More »

Worries grow over BSP ‘superpowers’

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As far as the Bangko Sentral ng Pilipinas is concerned, it needs the additional powers to be better able to regulate the fast changing financial markets which have evolved significantly since the New Central Bank Act was enacted over two decades ago.

Posted: January 20th, 2014 in Headlines | Read More »

Banks’ resources rose by 19% last November

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The local financial system’s resources increased by nearly a fifth year-on-year last November, reflecting the abundance of cash in the economy.

Posted: January 17th, 2014 in Headlines | Read More »

RCBC targets profit of P5.4B in 2014

Yuchengco-led Rizal Commercial Banking Corp. expects to post a net profit of P5.4 billion this year, about the same as the bottom line expected for 2013, in the absence of hefty trading gains.

Posted: January 17th, 2014 in Headlines | Read More »

BPI, PNB readies stock rights sale

Two of the country’s biggest banks are all set to brave the capital market through stock rights offerings later this month, with Ayala-led Bank of the Philippine Islands selling P25 billion and tycoon Lucio Tan-led Philippine National Bank selling P11.6 billion in fresh equity.

Posted: January 10th, 2014 in Headlines | Read More »

BPI sets stock rights offer at P67.50 per share; PNB’s at P71

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The Bank of the Philippine Islands will consolidate with Philippine National Bank, ushering in a new wave of mergers and acquisitions among local banks.

Two of the country’s largest banks are all set to brave the capital market through stock rights offerings later this month, with Bank of the Philippine Islands selling P25 billion and Philippine National Bank selling P11.6 billion in fresh equity.

Posted: January 10th, 2014 in Latest Business Stories | Read More »

PSE okays large rights offering of BPI, PNB

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pse-logo

The Philippine Stock Exchange has approved capital-raising activities of two big banks through stock rights offering early next year: P25 billion for Bank of the Philippine Islands and P15 billion for Philippine National Bank.

Posted: December 18th, 2013 in Latest Business Stories | Read More »

Moody’s: PH banks expected to remain healthy

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The local banking system is expected to stay healthy despite local and international headwinds, given the “drastic improvements” in the last decade, global debt watcher Moody’s Investor Service said.

Posted: December 16th, 2013 in Headlines | Read More »

BSP enforces stricter security rules for banks

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The Bangko Sentral ng Pilipinas (BSP) has approved stricter rules for the physical security of banks to ensure the safety of depositors’ funds.

Posted: December 9th, 2013 in Headlines | Read More »

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