Bank of the Philippine Islands president TG Limcaoco has been elected to lead the Bankers Association of the Philippines (BAP) amid uncertainties brought about by elevated inflation and the banking crisis in the US and Europe.
A joint venture between Ayala-led bank of the Philippine Islands and Tokyo Century Corp. (TCC) is acquiring the auto leasing and rental services business of the Diamond Group that will transform fleet management in the Philippines.
Land Bank of the Philippines may overtake the Sy-led BDO Unibank Inc. as the country’s largest bank after President Marcos approved the proposed merger of the two state-owner lenders.