Southeast Asian Banks unfazed by Europe Debt Turmoil

SE Asia banks unfazed by debt turmoil in Europe THE BANKING SECTORS OF the Philippines and other Southeast Asian countries remain in good shape even with the debt turmoil in Europe, said Moody’s Investors Service. According to the credit rating firm, banks in this part of the world are strong enough to weather any adverse...

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Real Estate Loans of Banks up 17.5%

Real estate loans of banks up 17.5% The exposure of universal, commercial and thrift banks to the real estate sector hit P376.8 billion at the end of the third quarter, up 17.5 percent from P320.7 billion year-on-year. The loans, however, were 0.3 percent lower than P377.8 billion in the second quarter. The central bank...

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