Large Philippine banks remain relatively stable in their lending operations, with an average non-performing loan ratio of below 3 percent in line with international standards, but some smaller banks engaged in consumer lending have bad loans as high as 60 percent of loan portfolio. Read the rest of this entry »

Metrobank, Security Bank and Union Bank among the strongest 100 banks in Asia, says poll

Six Philippine banks were listed as among the strongest 100 banks in the Asia-Pacific region while 10 others were included in the top 500 (AB500) rankings by the financial publication, The Asian Banker. Read the rest of this entry »

BANKING has never been better, stronger, more stable, more resilient and more profitable in the Philippines than now

This comes as a surprise considering the euro and sovereign debt crisis in Europe; the unemployment, double-dip recession tendency and fiscal crisis in the United States; and the perceptible global economic slowdown this year and next. Read the rest of this entry »

Bangko Sentral ng Pilipinas Gov. Amando Tetangco Jr. said that last year “could be one of the best years for Philippine banks.” Read the rest of this entry »

The Rural Bankers Association of the Philippines (RBAP) has frowned on the Philippine Deposit Insurance Corp.’s (PDIC) claim that the country’s rural banking industry is growing weaker. Read the rest of this entry »

The Monetary Board of the Bangko Sentral ng Pilipinas (BSP) has given final notation of the proposed memorandum of agreement (MOA) with the Philippine Deposit Insurance Corp. (PDIC), signaling the implementation of the P5-billion Strengthening Program for Rural Banks (SPRB). Read the rest of this entry »

A “BIG number” of mergers and consolidations in the rural-banking industry is expected over the next couple of years now that a government-funded P5-billion program providing financial assistance to prospective buyers of weak rural banks is in place, an industry leader said on Tuesday. Read the rest of this entry »

MANILA, Philippines – Total resources of banks operating in the Philippines grew by 9.4 percent in the first quarter of the year as the country’s banking industry survived the global financial crisis and continued to remain resilient despite the debt crisis in Europe, the Bangko Sentral ng Pilipinas (BSP) reported over the weekend. Read the rest of this entry »

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) said yesterday that the banking industry managed to keep its capital levels significantly above international standards after banks successfully raised fresh equity through the issuance of various debt instruments. Read the rest of this entry »

Bangko Sentral Officials may want to look into the practice of banks who are either too lazy or intentionally not loading the necessary bills for their cash dispensing machines. Read the rest of this entry »