Philippines
LATEST ARTICLES
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The 34th annual Asiamoney Brokers Poll is a Vox Populi poll that identifies the leading brokerages for equities research, sales and trading in Asia. Voters are institutional investors who represent fund management firms, wealth managers, hedge funds, pension funds, and insurance companies that trade in Asia.
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President Ferdinand Marcos Jr’s latest policy splash is the $8.8 billion Maharlika Investment Fund, a sovereign wealth vehicle that aims to boost growth and inward investment. But it has drawn criticism, even within Marcos’s family. Many highlight the cautionary tale of Malaysia’s 1MDB, and fret about the capacity for corruption and poor governance.
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Greg Krasnov, a banker from war-torn Ukraine, is shaking up finance in the Philippines with the assistance of his digital neobank.
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The Philippines has the potential to become a regional wealth management hub. The race is on among global and local private banks to attract – and keep - the country’s newly wealthy.
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The 33rd annual Asiamoney Brokers Poll is a Vox Populi poll that identifies the leading brokerages for equities research, sales and trading in Asia. Voters are institutional investors who represent fund management firms, wealth managers, hedge funds, pension funds, and insurance companies that trade in Asia.
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What does a new government hold for the Philippine economy and its banks? There are plenty of concerns – mingled with some optimism that the president may help steady the ship.
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As a universal bank that has been around for five decades, Metrobank has a solid reputation in the Philippine banking industry.
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The Philippines has long punched above its weight in gender equality. In the latest World Economic Forum rankings, it’s the only Asian economy listed in the top 20. Ranked 19th, it is 83 rungs ahead of China and 97 ahead of Japan (Iceland and Finland top the list).
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Credit Suisse is making the most of its 30th year in the Philippines, despite the turbulent markets and volatile fundraising conditions.
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Since 1978, BPI Foundation has been a cornerstone of the Philippine economy’s social development.
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Bank of the Philippine Islands was the first bank set up not just in the Philippines but the broader southeast Asian region, too. Over the last few decades, it has consistently ranked among the biggest Philippine institutions in terms of total assets, capital, market capitalization and profitability.
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UnionBank of the Philippines took a pioneering step in July 2021 that caught the market’s attention: it unveiled a partnership with the International Finance Corp to issue social bonds to finance small business loans.
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UBS has come a long way in the Philippines since it opened a rep office in Manila in 1996. It wasn’t until 2004 that UBS opened its full-fledged office in the Philippines, led by the veteran banker Lauro Baja, who is head of global capital markets for Asia Pacific and head of global banking for the Philippines.
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One of Rizal Commercial Banking Corp’s biggest advantages is its partnership with the Cooperative Development Authority.
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BDO Unibank, led by president and chief executive Nestor Tan, is the Philippines’ largest bank by assets and is often seen as a bellwether for one of Asia’s least predictable economies.
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The 32nd annual Asiamoney Brokers Poll is a Vox Populi poll that identifies the leading brokerages for equities research, sales and trading in Asia. Voters are institutional investors who represent fund management firms, wealth managers, hedge funds, pension funds, and insurance companies that trade in Asia.
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In the five years since it was caught up in a money-laundering probe, Rizal Commercial Banking Corporation has focused on digitalization and transparency to get on the right track.
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Asiamoney’s choice for the best bank for CSR in the Philippines this year is Bank of the Philippine Islands, whose work through its social development arm, BPI Foundation, is turning heads in the country.
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Rizal Commercial Banking Corporation’s strategy of using its digital prowess to do good in the Philippines is what captures Asiamoney’s attention the most this year.
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UnionBank of the Philippines was well in the throes of what its bankers call “teching up” the 53-year-old institution, even before Covid-19 arrived.
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This year’s best international bank call was particularly tough. Citi, our 2020 pick, had another solid year. Standard Chartered scored some notable deals, as did CIMB Bank. However, this time it’s UBS that takes the gong.
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For investors and corporations, there was no avoiding BDO Capital over the last 18 months. Name any significant deal or transaction in the Philippines, and odds are the wholly owned subsidiary of BDO Unibank was involved.
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Metropolitan Bank & Trust Company, or Metrobank, is a firm to be reckoned with in the Philippines. Established in 1962, it is one of the nation’s foremost universal banks – and the winner this year of Asiamoney’s best domestic bank in the Philippines award.
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The 31st annual Asiamoney Brokers Poll invited chief investment officers, fund managers and investment analysts to take part. Voters represented fund management houses, hedge fund & private equity firms, insurance companies and wealth management houses in Asia, Europe and North America.
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Many Filipinos switched to digital channels during lockdown. Bankers think customers are unlikely to return to branches now that they have had a taste of what it is like to go cashless. That would be good for banks – and for financial inclusion.
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There’s a team made up of staff from Bangko Sentral ng Pilipinas and the department of finance who call themselves ‘the Road to A’. They are tasked with completing a long journey for the sovereign credit rating: from BB- as recently as 2009, through BBB+ today, to achieving an A rating.
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The competition for best CSR bank was fierce this year, given the obvious social impact of the coronavirus. Each of the banks in the Philippines has made a concerted effort to support its staff and community as the pandemic rages on, and all of them should be lauded for their work.
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Small and medium-sized enterprises make up more than 99% of the Philippines’ registered businesses, but courting SMEs has not been easy for the country’s banks. A lack of transparent credit information can make banking these companies difficult.
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The Covid-19 pandemic has driven home the need for inclusive and accessible digital banking. But one Philippine bank stood out in particular for its efforts in the digital sector, going above and beyond in providing for every customer. That bank is Rizal Commercial Banking Corp (RCBC).
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Citi faces tough competition in the Philippines, particularly from southeast Asian banks hoping to expand their network. But the US bank remains the stand-out foreign player in the country.
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BDO Unibank’s corporate and investment banking business, partly run through its wholly owned subsidiary BDO Capital, has become the go-to bank for the Philippines’ biggest conglomerates. But the bank is creating new client relationships as well, using its corporate banking relationships to court smaller corporates and introduce them to the capital markets.
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The two key questions facing banks around the world at the moment are how well have they endured the coronavirus, and what they have done to help their customers survive. BDO Unibank, under the watch of president and chief executive Nestor Tan, scores well on both counts.
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Union Bank of the Philippines
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The first catastrophe bond to be sponsored by an Asian government has been issued by the World Bank, giving protection against damage by earthquakes and cyclones.
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The 30th annual Asiamoney Brokers Poll invited chief investment officers, fund managers and investment analysts to take part. Voters represented fund management houses, insurance companies, pension funds, sovereign wealth funds, hedge funds and wealth managers from around the world.
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Bank of the Philippine Islands is already one of the top corporate and investment banks in the archipelago; now CEO Cezar Consing wants the bank to focus on financial inclusion by expanding its microfinance, SME and consumer lending businesses.
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Most financial institutions are banging the digital drum, but this Philippines bank is worth watching as it takes a more old-fashioned approach to local banking.
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This financial institution was the first in the country to put its money where its mouth was regarding a digital transformation – making it one to watch as it brands itself a disruptor too.
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Bank of the Philippine Islands (BPI), led by chief executive and president Cezar Consing, was set up in 1851 and is the oldest bank in the Philippines.
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An increasing number of local and foreign banks now offer private banking services to high net-worth clients in the Philippines. Some local banks excel in this business, none more so than BDO Unibank. Since its establishment in 2003 as the first full-service private bank in the Philippines, BDO Private Bank has consistently introduced new products and services to help clients to meet their diverse financial goals and objectives.
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When it comes to financial inclusion and, in particular, the Philippines’ young microfinance sector, two local commercial banks stand out from the crowd. BDO Unibank and Bank of the Philippine Islands (BPI) have both expanded aggressively into this previously overlooked market segment. Better still, both have ambitious plans to up their game.
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Union Bank of the Philippines has done it again. The ninth-largest bank in terms of assets, Manila-based UnionBank has led the charge into digital banking.
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Competition for the best international bank award in the Philippines was unusually fierce this year, with impressive submissions coming from Citi, HSBC and Standard Chartered. Citi won because of its performance across the full spread of banking business.