Philippine Bank Asset Quality: Reported Versus Reality and Relative Value
Rizal Commercial Banking (RCBPM) and Union Bank of the Philippines (UBPPM) present their respective non-performing loan (NPL) ratios net of...
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Rizal Commercial Bank: The Known Unknowns in Advance of Its AT1 Issuance
There are several disconcerting issues pertaining to Rizal Commercial Bank (RCBPM) which potential investors need to gain comfort regarding in...
580 Views
Bank of the Philippine Islands – No Free Pass
*Falling Very Short: Bank of the Philippine Islands (BPI.PM) [BPI] reported 2Q20 results of PHP 5.3 bn – missing consensus by 15% and falling short...
539 Views
Philippine Banks: A Related Party
Related party exposure is material credit negative for several Philippine-headquartered banks. Most, if not all, invested equity is relent back to...
581 Views
Wirecard – Yolk’s On Everyone
*Another Potential Fraud: Shares of Wirecard (WDI.GR) fell by as much as 67% after the German payments and card-issuing firm disclosed that Ernst...
523 Views