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Banks’ profitability seen to improve in coming year

The country’s banks are expected to post higher profits in the coming year and a half, thanks to the availability of cheap cash that would allow the sustained expansion of lending, further supported by the stable economic environment.

Posted: November 24th, 2014 in Editor's Pick,Headlines | Read More »

Banks may be required to widen ownership base

By
Amando M. Tetangco Jr

The Philippines’ richest families may be ordered to loosen their grips on the nation’s largest banks as regulators seek to turn lenders’ boardrooms from the autocracies that they are into democracies they should be.

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

BSP guard up as rising loans fuel concerns

By

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

By
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 »

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