Philippines

The Philippines' Metropolitan Bank & Trust Company (Metrobank) was awarded Best Bond Fund Group in the Lipper Fund Awards of Thomson Reuters.

ANZ authorised by SEC to engage underwriting of government and corporate securities in the country.

BDO Leasing grew its net loan portfolio by 19 percent to US$194.96 million in 2009 from US$164.97 million in 2008. Meanwhile total assets ballooned by 25 percent to US$280.66 million in 2009 from US$222.8 million the previous year.

Maybank strengthened its branch network with five new branches. The move fortified its status as the foreign bank with the most number of branches in the country.

Lender said growth attributed to approximately $33mln rise in other operating income.

Bank of the Philippine Islands prioritised liquidity over market share last year in anticipation of a difficult environment after the unprecedented shakeout in Wall Street. But from this year onwards, Southeast Asia's oldest bank is going after consumers as well as micro and small and medium enterprises (SMEs) in a big way.

Lender upbeat on ‘solid’ 10-15% growth in 2010 after incurring flat total revenue in 1Q.

Lender sees surge in consumer loans to continue due to improved consumer confidence.

Lender opted to look forward to divesting 67% of its equity even beyond March deadline.

Agreement is part of Philippines lender’s goal of expanding its non-Filipino remittance business. 

Central bank pledged vigilance over possibility of future crises by ensuring large banks are adequately capitalized.

Rating attributed to banks' well preserved and deposit-funded balance sheets and improving domestic and global economy.

BPI positive it will surpass $4.5 billion in 2009 as US and global economy rebounds.

Double-digit surge in interest income and more efficient operations jacked up lender’s net profit.

Customised business package by thrift bank aimed to support growth of micro and small businesses.

Higher operating income and better cost management boosted bank's net to $132.53mln.