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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 »

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

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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

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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

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

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 »

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