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East West Bank eyes P5B in sale of preferred shares

Screengrab from https://www.eastwestbanker.com/

The Gotianun-led East West Bank plans to raise as much as P5 billion from the sale of preferred shares, bracing for growth opportunities amid stringent capital adequacy requirements under the Basel 3 framework.

Posted: April 14th, 2014 in Latest Business Stories | Read More »

PH banks extended more dollar loans in 2013


Dollar loans extended by the country’s banks rose by more than a fifth at the end of last year, driven by strong demand for financing because of a booming local economy.

Posted: March 31st, 2014 in Editor's Pick,Headlines | Read More »

PBCom exits 10-year government assistance program


Philippine Bank of Communications has graduated from a 10-year government assistance program with the full settlement of a P7.6 billion loan from the Philippine Deposit and Insurance Corp.

Posted: March 27th, 2014 in Latest Business Stories | Read More »

DBS buys Societe Generale’s Asian private banking business

People make transactions at DBS bank ATM machines in Singapore on March 17, 2014.  Singapore's DBS Bank said on March 17 it had agreed to buy the Asian private banking business of French lender Societe Generale in a deal worth 220 million USD, boosting its access to the region's super rich.   AFP

Singapore’s DBS Bank said Monday it had agreed to buy the Asian private banking business of French lender Societe Generale in a deal worth $220 million, boosting its access to the region’s super rich.

Posted: March 17th, 2014 in Featured Gallery,Latest Business Stories,Photos & Videos | Read More »

East West nets P2.1B in 2013

Screengrab from https://www.eastwestbanker.com/

East West Bank expanded its net profit last year by 13.2 percent to P2.1 billion on above-industry loan growth and margins as well as growth in other core businesses.

Posted: March 17th, 2014 in Latest Business Stories | Read More »

China Banking Corp. to raise P8B in capital

Photo from www.chinabank.ph

The China Banking Corp. is raising P8 billion in fresh capital from the sale of new shares to existing investors, preparing for growth opportunities in the years ahead while in a regime of tighter capital adequacy regulations.

Posted: March 6th, 2014 in Latest Business Stories | Read More »

BDO reports net income of P22.6 B in 2013


The country’s largest lender, Banco de Oro Unibank, chalked up a record-high net profit of P22.6 billion in 2013, exceeding its earnings guidance and beating the performance of all other banking peers for the year.

Posted: March 3rd, 2014 in Latest Business Stories | Read More »

PSBank gets triple-A credit rating from PH Rating Services Corp.

Screengrab from http://www.psbank.com.ph

The Metrobank group’s thrift bank arm Philippine Savings Bank has obtained a triple-A credit rating from local credit watcher Philippine Rating Services Corp. for a proposed debt issuance of up to P3 billion.

Posted: February 27th, 2014 in Latest Business Stories | Read More »

BDO buys Deutsche Bank’s trust business


Banco de Oro Unibank has signed a deal to acquire the Philippine trust business of Deutsche Bank AG, expanding its assets under management by over P70 billion.

Posted: February 24th, 2014 in Latest Business Stories | Read More »

BDO-Unibank, Joyo Bank sign pact to help Japan’s SMEs set up in PH market


Local banking giant BDO Unibank has teamed up with The Joyo Bank Ltd. of Japan to help Japanese small and medium enterprises gain a foothold in the Philippine market.

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

China Bank Corp. completes takeover of Planters Bank

Photo from www.chinabank.ph

SM Group-led China Bank Corp. has sealed its takeover of Planters Bank, forking out P1.86 billion to buy all shares in the small and medium enterprise (SME) lender.

Posted: January 16th, 2014 in Latest Business Stories | Read More »

RCBC retires P4B debt notes


Yuchengco-led Rizal Commercial Banking Corp. has retired the remaining P4 billion tier 2 notes in its books ahead of the implementation of Basel 3 capital adequacy ratio framework which no longer makes these eligible as supplementary capital.

Posted: December 26th, 2013 in Latest Business Stories | Read More »



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