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Earnings of rural and cooperative banks fell 16.8 percent to P1.64 billion in the first half from P1.97 billion in the same period last year amid the consolidation in the industry and the exit of weak players, data from the Bangko Sentral ng Pilipinas (BSP) showed.

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                    [Title] => Fewer banks but more branches sprout in H1
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The number of banks declined amid the consolidation of smaller players but the physical network of banking industry increased in the first half, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

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                    [Title] => PDIC backs incentives for mergers and acquisitions
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The Philippine Deposit Insurance Corp. (PDIC) is favoring the grant of incentives to banks planning to go into mergers and acquisitions (M&A) or consolidation, its top executive said yesterday.
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COUNTRYSIDE FINANCIAL INSTITUTIONS ENHANCEMENT PROGRAM

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                    [Title] => Earnings of rural, coop banks down 16.8% in first half
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Earnings of rural and cooperative banks fell 16.8 percent to P1.64 billion in the first half from P1.97 billion in the same period last year amid the consolidation in the industry and the exit of weak players, data from the Bangko Sentral ng Pilipinas (BSP) showed.

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The number of banks declined amid the consolidation of smaller players but the physical network of banking industry increased in the first half, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

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                    [Title] => BSP adds more perks for rural bank mergers
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The Bangko Sentral ng Pilipinas (BSP) has issued the guidelines of a new program further sweetening the incentives as well as financial package to encourage mergers and consolidations among rural banks.

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                    [Title] => PDIC backs incentives for mergers and acquisitions
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                    [DatePublished] => 2009-08-19 00:00:00
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abtest

Earnings of rural, coop banks down 16.8% in first half

By Lawrence Agcaoili | October 11, 2015 - 10:00am

Earnings of rural and cooperative banks fell 16.8 percent to P1.64 billion in the first half from P1.97 billion in the same period last year amid the consolidation in the industry and the exit of weak players, data...

Business

Fewer banks but more branches sprout in H1

By Lawrence Agcaoili | September 22, 2015 - 10:00am

The number of banks declined amid the consolidation of smaller players but the physical network of banking industry increased in the first half, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

Business

BSP adds more perks for rural bank mergers

By Lawrence Agcaoili | August 21, 2015 - 10:00am

The Bangko Sentral ng Pilipinas (BSP) has issued the guidelines of a new program further sweetening the incentives as well as financial package to encourage mergers and consolidations among rural banks.

Business

PDIC prefers consolidation over forced bank closures

October 13, 2009 - 12:00am

The Philippine Deposit Insurance Corp. (PDIC) supports the strengthening of the country’s financial sector and the route via merger, consolidation, or acquisition (MCA) of financial institutions is one op...

Banking

PDIC backs incentives for mergers and acquisitions

By Ted P. Torres | August 19, 2009 - 12:00am

The Philippine Deposit Insurance Corp. (PDIC) is favoring the grant of incentives to banks planning to go into mergers and acquisitions (M&A) or consolidation, its top executive said yesterday.

Business