The Philippine International Banking Convention 2013

The Philippine banking industry has changed dramatically in recent years. It is set for substantial growth after its credit rating has been raised to investment grade. The country has become the only Southeast Asian nation to achieve this status and one can expect that the move will attract foreign investment and boost the country’s long-term growth potential. The upgrade is likely to attract further capital inflows that are already posing challenges for many policymakers across Asia as global investors flock to the region in search for higher returns. The country’s banks did not just perform well in 2012; they were in fact the best performing bank stocks in the ASEAN region.

No comments yet... Be the first to leave a reply!

Leave a Comment

 

— required *

— required *