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BSP& rsquo;s Guinigundo downplays loan exposure of 5 banks

BSP& rsquo;s Guinigundo downplays loan exposure of 5 banks.....»»

Category: financeSource: thestandard thestandardJan 11th, 2019

BSP downplays effect of Hanjin default on banking industry

LOCAL banks’ exposure to embattled firm Hanjin Heavy Industries and Construction Philippines (HHIC-Philippines) is “negligible,” a senior central bank official said, noting that local lenders are well-placed to weather these loan defaults......»»

Category: financeSource:  bworldonlineRelated NewsJan 11th, 2019

Banks downplay Hanjin crisis impact

MANILA, Philippines – The biggest loan default in Philippine history will have minimal impact on the public, according to banks and government regulators. Five of the country's largest banks have a combined loan exposure of $412 million after Hanjin Heavy Industries and Construction Philippines went bankrupt and appealed ........»»

Category: newsSource:  rapplerRelated NewsJan 14th, 2019

Dominguez: Hanjin loan exposure to hurt banks

Dominguez: Hanjin loan exposure to hurt banks.....»»

Category: financeSource:  thestandardRelated NewsJan 13th, 2019

Bank lending for real estate up 16% to P1.8 T last year

MANILA, Philippines — The exposure of Philippine banks to the volatile real estate sector remained above 20 percent of their total loan portfolio in 2017 as.....»»

Category: financeSource:  philstarRelated NewsMar 8th, 2018

Lending standards ‘broadly’ steady in Q4, but more banks tighten criteria

BANKS in the country widely maintained lending criteria in 2018’s final quarter, although those that tightened such standards outnumbered those who eased theirs, according to results of the latest Senior Bank Loan Officers’ Survey which the Bangko Sentral ng Pilipinas (BSP) reported on Friday......»»

Category: financeSource:  bworldonlineRelated News2 hr. 46 min. ago

Banks paint ‘manageable’ Hanjin risk

FITCH SOLUTIONS on Tuesday added its voice to expectations that debt woes of Hanjin Heavy Industries and Construction Philippines, Inc. (HHIC-Phil) will not likely shake the Philippines’ financial sector, as four of the affected local banks disclosed some details of their exposure to the troubled Korean shipbuilder......»»

Category: financeSource:  bworldonlineRelated NewsJan 15th, 2019

Banks’ Hanjin exposure credit negative – Moody’s

RCBC most exposed at $140M, ‘will therefore be most affected’ Five of the country’s biggest banks could see their credit ratings fall given their exposure to a bankrupt Korean-owned shipbuilder,…READ The post Banks’ Hanjin exposure credit negative – Moody’s appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJan 14th, 2019

Banks’ credit ratings at risk from Hanjin

HUGE LOAN EXPOSURES to troubled Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) could pull down credit ratings for the five Philippine banks concerned as its problems would mean narrower profits for absorbing possible defaults, Moody’s Investors Service said in a Jan. 14 note......»»

Category: newsSource:  bworldonlineRelated NewsJan 14th, 2019

Performance snapshot: Hanjin Heavy Industries and Construction Philippines, Inc.

HUGE LOAN EXPOSURES to troubled Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) could pull down credit ratings for the five Philippine banks concerned as its problems would mean narrower profits for absorbing possible defaults, Moody’s Investors Service said in a Jan. 14 note. Read the full story......»»

Category: newsSource:  bworldonlineRelated NewsJan 14th, 2019

Hanjin default to ‘hurt’ but won’t hamper banks

Local banks with loan exposures to a bankrupt Korean-owned shipbuilder will be working together to address the potential impact of a looming multimillion-dollar default, a Cabinet official said. “It’s going…READ The post Hanjin default to ‘hurt’ but won’t hamper banks appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsJan 13th, 2019

Banks still fall short of agriculture and agrarian reform loan limit

Philippine banks continued to fall short of the mandated loan thresholds for agriculture and agrarian reform, according to a report from the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsJan 1st, 2019

Banks tap debt market to raise P340 billion in 2018

Philippine banks raised P340 billion via the issuance of debt securities in the onshore and offshore markets last year to augment their loan books and at the same time support their respective expansion programs......»»

Category: financeSource:  philstarRelated NewsDec 31st, 2018

MPTC tollway unit secures P24.2-billion loan from local banks

MPCala Holdings Inc., a unit of Metro Pacific Tollways Corp., has secured a P24.2-billion loan from six local banks to fund construction of the Cavite-Laguna Expressway project......»»

Category: financeSource:  philstarRelated NewsDec 26th, 2018

R.A. 11057 to Help MSMEs Acquire Loans

Universal and commercial banks (U/KBs) in the Philippines are expected to hike their Agri-Agra rule compliance through the Personal Property Security Act, which effectively increases the list of assets that small businesses can use as loan collaterals. “We hope that this will enable them to be able to comply with the mandatory credit allocation for […].....»»

Category: newsSource:  metrocebuRelated NewsNov 20th, 2018

Outlook for Philippine banks remains stable& shy;& shy;& mdash;Moody& rsquo;s in next 18 months

Outlook for Philippine banks remains stable& shy;& shy;& mdash;Moody& rsquo;s in next 18 months.....»»

Category: financeSource:  thestandardRelated NewsNov 19th, 2018

Outlook for PH banks still stable

Moody’s Investors Service on Monday retained its stable outlook for the Philippine banking system, noting that good metrics continue to allow lenders to accommodate rapid loan growth in a robust…READ The post Outlook for PH banks still stable appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 19th, 2018

Cargo Movers keep tight hold of lead

Aby Marano displayed her vintage form to lead F2 Logistics to a dominating win over Cocolife, 25-13, 25-16, 25-8, in the Philippine Superliga All-Filipino Conference Thursday at the Filoil Flying V Centre in San Juan. Marano, the skipper of the national squad that saw action in the Asian Games for the first time in 36 years, tallied 10 attacks, three blocks and three aces for game-high 16 points for the Cargo Movers’s third straight win in as many games. The win gave F2 Logistics the much-needed boost to gain momentum before their gigantic battle against Petron on Saturday at the Alonte Sports Arena in Binan City. Marano’s fellow national team members Kianna Dy and Majoy Baron also shone as they chipped in 12 and 10 markers respectively for the Cargo Movers, who found a way to stop hard-hitting Filipino-American spiker Kalei Mau. “They had good exposure with the national team,” said F2 Logistics head coach Ramil de Jesus. “That’s why I challenged them. I told them that they can’t afford to have a low performance because your coming off a good finish in the international arena.” Mau, who campaigned for the Arizona Wildcats in the Division I of the US NCAA, was limited to only five points, which is her lowest output since joining this tourney. Despite coming off a major injury, she still managed to post 13 points in their setback to Petron and 20 points in their loss to Cignal in their first two matches......»»

Category: sportsSource:  abscbnRelated NewsNov 8th, 2018

Banks grow realty risk at slower clip

BIG BANKS still have room to expand real estate lending as latest exposure levels remain well below the 20% limit set by the Bangko Sentral ng Pilipinas (BSP), with credit growth slowing from a year ago......»»

Category: newsSource:  bworldonlineRelated NewsOct 30th, 2018

Banks seen tightening loan standards

Philippine banks expect to impose tighter lending standards in the fourth quarter of the year to corporate borrowers due to expectations that the country's economic challenges will erode their.....»»

Category: newsSource:  philippinetimesRelated NewsOct 23rd, 2018

Despite rate hikes, banks see steady loan growth

The series of interest rate hikes implemented to keep inflation expectations well anchored failed to dampen loan demand from both enterprises and households, a survey conducted by the Bangko Sentral ng Pilipinas (BSP) showed......»»

Category: financeSource:  philstarRelated NewsOct 20th, 2018