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Century Pacific Food sets IPO price at P13.75 per share

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Screengrab from www.centurypacific.com.ph

Leading food manufacturer Century Pacific Food Inc. has finalized its initial public offering at a price of P13.75 per share, allowing the company to raise P3.16 billion in fresh funds for expansion.

Posted: April 21st, 2014 in Latest Business Stories | Read More »

East West Bank eyes P5B in sale of preferred shares

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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 seen to emerge among Asia’s strongest

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The Central bank’s decision to fully implement the stricter Basel III capitalization rules last January would enable the country’s banks to leap ahead of their regional counterparts in terms of strength.

Posted: April 4th, 2014 in Headlines | Read More »

China Banking Corp. to raise P8B in capital

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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 »

Capitalization of major PH banks improves

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bdo

MANILA, Philippines—The capital base of the country’s major banks improved at the end of June last year as lenders built up their buffers ahead of stricter rules that took effect at the start of 2014.   The Bangko Sentral ng Pilipinas (BSP) on Thursday reported that the combined capital adequacy ratio of the country’s universal […]

Posted: January 10th, 2014 in Latest Business Stories | Read More »

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