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Union Bank gets BSP nod to triple capital

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unionbank

Union Bank of the Philippines has obtained approval from the Bangko Sentral ng Pilipinas (BSP) to triple its authorized capital to P23.1 billion in line with the bank’s goal to become one of the country’s top three banks by 2020.

Posted: October 20th, 2014 in Latest Business Stories | Read More »

DBP, LBP merger pushed

By
banking

Two state-owned banks may soon be merged amid efforts to save money and streamline operations ahead of the integration of Southeast Asia’s financial system starting 2015.

Posted: October 5th, 2014 in Latest Business Stories | Read More »

PDIC to auction off Cebu land of closed banks

By
SCREENGRAB from www.pdic.gov.ph

The state-run Philippine Deposit Insurance Corp. said Tuesday it will auction off P51.57-million in real estate located in Cebu province that belonged to banks that have been closed.

Posted: September 23rd, 2014 in Latest Business Stories | Read More »

BSP closes rural bank in Southern Leyte

By
Bangko Sentral ng Pilipinas (BSP). RYAN LEAGOGO/INQUIRER.net

Monetary authorities have shut down a rural bank in Southern Leyte and placed it under Philippine Deposit Insurance Corp. (PDIC) receivership.

Posted: September 18th, 2014 in Latest Business Stories | Read More »

BDO Unibank opens Seoul office

By
SCREENGRAB from www.bdo.com.ph

The country’s largest lender BDO Unibank Inc. has gained a foothold in South Korea to position itself to capture new business from Koreans who are keen on investing or living in the Philippines.

Posted: September 18th, 2014 in Latest Business Stories | Read More »

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