Banks in the Philippines have a well-deserved reputation for primarily lending to large national corporations, but that is finally beginning to change. The extent of the concentration is visible mainly in data from the Bangko Sentral de Pilipinas (BSP), the central bank, on the regional distribution of lending. As of June 2015, 55% of...
More than a year after the Philippines’ banking sector was opened to greater foreign direct investment, the international response has been underwhelming. The main reason is that asking prices for local assets are too high. Still, in terms of the numbers of new entrants, the reform has been a success. Five new international banks have been...
In what ways has the liberalisation of the banking sector altered the landscape for local banks?
What opportunities will a national retail payments system unlock in terms of fostering inclusion and stability?
THE COMPANY: Aboitiz Equity Ventures (AEV) is a Philippine conglomerate that is involved in power, banking, food manufacturing and real estate. It is one of the largest conglomerates in the country with total assets of P293.7bn ($6.5bn), placing it among the top-25 largest companies on the...
The banking sector is in the midst of a strong growth phase as economic development and use of banking services has been extended to traditionally under-banked areas in the Philippines. Tight fiscal policy has led to lower inflation and growing willingness to hold savings in bank deposits, while the number of people with enough income to use...
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