Philippines

2009 full year 33% unaudited income rise is part of BPI’s recorded earnings growth. 

2009 full year 33% unaudited income rise is part of BPI’s recorded earnings growth. 

2009 full year 33% unaudited income rise is part of BPI’s recorded earnings growth. 

Growth in yuan transactions to $25.54mln in 2009 from $7,313 in 2008 prompted Renminbi products offering.

Standard Chartered Plc. has agreed to lend Philippines-based Card Bank P75 million, or about $1.62 million.

China Bank opened its Cebu-Mandaue Cabancalan Branch, its 248th nationwide and 15th in Cebu.

Lender's fund management excellence earned accreditation from the Philippines' central bank.

Venture resulting from partnership of BPI and Globe Telecom aims to maximise lender’s wholesale microfinance portfolio.

The state deposit insurer maintained hope for a possible takeover of troubled lender by March.

Perhaps a drive through Manila’s main thoroughfares would make one realize that Philippine banks have changed – quite literally, that is – what with the newly refurbished branches and fresh renditions of names and logos aimed at luring more customers.

China Bank opened another five branches in Metro Manila to bring its nationwide branch network to 237. This excludes the six China Bank Savings branches.

BPI expects economy could go either way as country conducts presidential elections next year.

RBS in the Philippines became the first of six markets to transition to ANZ ownership. ANZ is acquiring the Royal Bank of Scotland retail, wealth and commercial businesses in Taiwan, Singapore, Indonesia and Hong Kong, and the institutional businesses in Taiwan, the Philippines and Vietnam for approximately US$550 million.

Bankers Association of the Philippines advises banks to prioritise domestic operations and refrain from risky moves.

China Bank's simultaneous opening of two new branches brought its branch count to 227. The opening of the Novaliches-Zabarte and N. Domingo branches coincided with the opening of the fourth branch of its savings bank arm, ChinaBank Savings, in Alabang Hills.

A US$258,000 centre for the microfinance programmes of the CARD MRI Development Institute has been completed by Banco de Oro.