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Local banks begin raising loan rates

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Bangko Sentral ng Pilipinas. INQUIRER FILE PHOTO

Recent monetary policy moves are having their desired effect on the economy, with banks slowly but steadily becoming less aggressive in pushing loans to both households and businesses, regulators said this week.

Posted: August 22nd, 2014 in Editor's Pick,Headlines,Latest Business Stories | Read More »

China Bank names Ricardo Chua president

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Photo from www.chinabank.ph

China Banking Corp. has named Ricardo Chua its president and chief executive officer effective September 1.

Posted: August 15th, 2014 in Latest Business Stories | Read More »

Loan loss buffers of banks decline

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Loss buffers of banks declined at the end of March following the implementation of stricter regulations on debt securities qualified as capital that took effect at the start of the year, the Bangko Sentral ng Pilipinas (BSP) said.

Posted: August 13th, 2014 in Editor's Pick,Headlines | Read More »

Banks’ bad loans hit record low, says BSP

Major local banks kept soured loans at record lows in April despite the sustained growth for financing fueled by the country’s growing economy, data released by the Bangko Sentral ng Pilipinas (BSP) showed.

Posted: July 15th, 2014 in Headlines | Read More »

Bank directorship rules eased

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Requirements for aspiring bank directors have been relaxed to allow prominent figures to skip routine corporate governance workshops before their appointments, regulators announced this week.

Posted: July 8th, 2014 in Headlines | Read More »

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