Philippines

Australia I China I Hong Kong I India I Indonesia I Japan I Malaysia I Mongolia I Pakistan I Philippines I Singapore I Taiwan I Thailand The Bank of the Philippine Islands, the country’s second largest bank with assets of $8.4 billion, is setting the standard in the Philippines. In the past financial year BPI continued to improve on its impressive financial performance, with a return on average equity of 12.6%, one of the highest in the sector. Net interest margin was 3.8%, return on assets 1.5% and the bank’s cost-income ratio was one of the country’s lowest at 53.5%. Financial strength improved also with the bank’s capital adequacy ratio standing at 16.3% at the end of the first quarter 2006.