Islamic Bond Sales in Malaysia Hits 16-month High in April
MALAYSIA – Sales of Islamic bonds, also known as sukuk, in Malaysia hit its highest in 16 months in April at USD3.1 billion, figures compiled by Bloomberg showed. In another…
Philippine Bank Lending Slows in March – BSP
MANILA, PHILIPPINES – Bank lending in the Philippines slowed down in March from a month ago, posting a growth of just 13.7 percent from February’s 15.2 percent rise, the Bangko…
Philippine Central Bank Issues Public Advisory on Credit Card Collection Agencies
MANILA, PHILIPPINES – The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), has issued an advisory to inform the public on the extent of authority of external collection…
Philippine Central Bank Issues Advisory on Authority of Credit Card Collection Agents
MANILA, PHILIPPINES – The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), has issued an advisory to inform the public on the extent of authority of external collection…
Hong Kong Authorities Warn of Fake Dah Sing Bank Website
HONG KONG – The Hong Kong Monetary Authority (HKMA) has warned the public against a fraudulent website that claims to be the official site of Dah Sing Bank Ltd (DSB).…
Emirates Islamic Bank Named Best Islamic Bank in the UAE
DUBAI, UAE – Emirates Islamic, one of the leading Islamic financial institutions in the UAE, has been named the ‘Best Islamic Bank in the UAE’ at the 2015 World Finance…
Maybank Philippines Posts Record Php1 Billion Net Income in 2014
MANILA, PHILIPPINES – Maybank Philippines Inc (MPI), the local unit of Malaysia’s largest bank and financial group, posted a record net income of Php1.01 billion (USD22.6 million) in 2014. The…
Philippine Banks Banned From Sending Unsolicited Advertisements Through SMS
MANILA, PHILIPPINES – The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), issued an advisory to the public to inform them of the appropriate action to take if…
World Bank Cites Philippine Banking System
MANILA, PHILIPPINES – The World Bank (WB) cited the financial consumer regulatory environment in the domestic banking system in its “Republic of the Philippines: Diagnostic Review of Consumer Protection in…