China’s $1.7 trillion hangover

China’s $1.7 trillion hangover

Up to 40% of China’s $1.7 trillion LGFV loans are at high risk of default. What’s a panicking Beijing to do?

The truth about Asian investment banking

July 2007

Phillipines



Awards of Excellence
Asian regional awards

Best Bank: BDO-EPCIB
Best Equity House: UBS
Best Debt House: Deutsche Bank
Best M&A House: Credit Suisse

This year’s award for best bank in the Philippines goes to Banco De Oro (BDO) for a transformational year. The winner for the past several years, Bank of the Philippine Islands remains a first-class bank and one of the clear market leaders against which BDO is providing increasingly stiff competition.

Previously a mid-sized universal banking organization, parent company SM Investments Corporation acquired control of BDO competitor Equitable PCI Bank in September 2006. The two banks are undergoing the largest merger in Philippine banking history and that will create one of the country’s largest and most profitable banking groups.

Although BDO is the...


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