Archive for the ‘Philippine banks’ Category
Banco Filipino asks Court of Appeals to issue TRO
It seems that Banco Filipino hasn’t given up on its fight yet because it has asked Court of Appeals to issue a temporary restraining order (TRO) on the closure order issued by the Bangko Sentral ng Pilipinas (BSP) last week. Banco Filipino vice chairman Perfecto Yasay said they have filed a petition for certiorari with [...]
March 21, 2011
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Tags: Banco Filipino, banking, Banks, BSP, Central Bank, insolvency, Monetary Board, money, PDIC, Peso, Philippine, receivership · Posted in: banking, economy, finance, Government, Law, money, Philippine banks, Philippine business news, Philippines
PDIC announced schedule of Depositors’ Forum
The Philippine Deposit Insurance Corp. (PDIC) released the schedule of depositors’ forum for clients of the closed Banco Filipino Savings and Mortgage Bank. The Depositors’ Forum, which will be held from March 22 to 30 in Metro Manila, Pampanga (Central Luzon) and Laguna (Southern Luzon), will brief the depositors on the procedures and requirements for [...]
March 19, 2011
· Roy · One Comment
Tags: Banco Filipino, bank, banking, Depositors' Forum, money, PDIC, Philippine, receivership · Posted in: banking, Consumers, Customer Service, finance, investments, money, People, Philippine banks, Philippine business news, Philippines
Small depositors are first to receive payments
The Philippine Deposit Insurance Corp. (PDIC) took over the operations of Banco Filipino Savings and Mortgage Bank after being appointed as its receiver by the Bangko Sentral ng Pilipinas. The first order of business was to expedite the payment of deposit insurance to Banco Filipino’s 177,652 depositors, according to PDIC president Jose C. Nograles. Of [...]
March 17, 2011
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Tags: Banco Filipino, bank, banking, claims form, deposit insurance, Depositors' Forum, money order, PDIC, Philippines, PMO, receivership, small depositors · Posted in: Announcement, banking, Consumers, Customer Service, finance, money, People, Philippine banks, Philippines
Banco Filipino ordered closed for the second time
The Bangko Sentral ng Pilipinas shuts down Banco Filipino Savings and Mortgage Bank yesterday, after it “temporarily” closed its doors to its depositors this week. The Aguirre family-owned Banco Filipino was received closure order from BSP for its insolvency. The bank’s liabilities exceed its assets by P8.4 billion. The seven-member Monetary Board decided yesterday to [...]
March 17, 2011
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Tags: Banco Filipino, Bangko Sentral, bank, banking, BSP, closure order, MB, Monetary Board, money, PDIC, Philippines, receivership · Posted in: banking, Corporations, economy, finance, Government, Law, money, Philippine banks, Philippine business news, Philippines
New credit card from RCBC
RCBC Bankard recently launched a new credit card which is targeted to serve the upscale needs of discerning shoppers. The new credit card from RCBC was created in tie-up with Barcelona-based clothing brand Mango and Mastercard. Called the Mango-RCBC Bankard MasterCard, it is the latest addition to MasterCard’s growing roster of value-driven cards. Holders of [...]
May 24, 2010
· Roy · 2 Comments
Tags: Bankard, Business, credit card, fashion, finance, Mango, Mango-RCBC Bankard MasterCard, MasterCard, money, Philippines, RCBC · Posted in: Announcement, banking, Consumers, finance, Loans, money, Philippine banks, Philippines, Products
PNB, Bank of China tie up in handling remittances
Philippine National Bank (PNB), the country’s seventh largest bank in terms of assets, has signed an agreement with the Bank of China (BOC) in handling remittances of Chinese nationals who are based in Italy. PNB’s tie-up with BOC expands the market coverage PNB Italy SpA, which was established primarily to facilitate remittances of Filipinos who [...]
April 8, 2010
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Tags: agreement, Bangko Sentral, bank, Bank of China, banking, Boc, contract, Foreign exchange, money, network, OFW, Philippine National Bank, Philippines, PNB, remittances · Posted in: banking, Corporations, economy, finance, Foreign exchange, money, OFWs, Philippine banks, Philippines
Declare bets’ bank accounts
Now, here’s a good suggestion. Presidential aspirant Gilberto “Gibo” Teodoro Jr. wanted bets bank accounts bared. The Lakas-Kampi-CMD standard-bearer said that the bank secrecy law should be lifted or at least be reviewed to help unmask the financial activities of politicians who are suspected to have links to the illegal drug trade. Gibo was reacting [...]
March 6, 2010
· Roy · One Comment
Tags: bank secrecy law, banking law, finance, Philippines, RA 1405, Republic Act 1405 · Posted in: Announcement, banking, economy, finance, Government, Law, money, Philippine banks, Philippine business news, Philippines
Peso continues to appreciate
At the closing of the week’s trade this Friday, Peso inches up further as it closed at 46.05 against the US dollar, which is stronger than Thursday closing which is 46.09. The peso continued to appreciate as favorable investor sentiment boosted appetite for currencies of emerging Asian economies. Volume of Friday’s trade went up to [...]
March 5, 2010
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Posted in: banking, economy, finance, Foreign exchange, Government, money, Philippine banks, Philippine business news, Philippines
Pag-IBIG’s P12-billion bond offering
The Home Development Mutual Fund (HDMF), commonly known as the Pag-IBIG, will be having a P12-billion bond offering starting next month. In an investors’ meeting held recently were the bonds were launched, HDMF chief executive officer Jaime Fabiaña said the proceeds of the bonds would be used to refinance in maturing P7 billion loan in [...]
February 24, 2010
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Posted in: Announcement, banking, economy, finance, Government, investments, money, Opportunities, Philippine banks, Philippine business news, Philippines, Products
Five banks signed trade finance agreement with ADB
The Asian Development Bank is making funds available to Philippine traders via its $1-billion regional facility. To help traders get access to this fund, the ADB signed a trade finance agreement with five banks – Development Bank of the Philippines, Metropolitan Bank and Trust Co., Philippine National Bank, Rizal Commercial Banking Corp. and Allied Banking [...]
February 23, 2010
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Tags: ADB, bank, banking, finance, funds, money, Philippine · Posted in: Announcement, banking, Corporations, economy, finance, Loans, money, Opportunities, Philippine banks, Philippine business news, Philippines
