Universal and commercial banks in the country remain capable to absorb risks, with their capitalization in the first quarter staying well above the regulatory requirement.
The Ayala-led Bank of the Philippine Islands is taking steps towards the early adoption of the stringent capital adequacy ratio (CAR) requirements under the Basel 3 global framework but sees no need to raise fresh capital even if it were to grow its loan book by 12 percent in the next three years.
The country’s largest bank, Banco de Oro Unibank, is planning to beef up its tier 1 or core capital by as much as $1 billion through the sale of additional shares to existing investors.
A new, “reformed” Development Bank of the Philippines (DBP) is the latest poster boy for President Benigno Aquino III’s path of righteousness (daang matuwid).
The Metropolitan Bank and Trust Co. jacked up its nine-month net profit by 47.6 percent year-on-year to P8.9 billion as higher interest income and fee-based earnings offset slower treasury gains.
