Bank leaders lay out ’09 plans

Banco de Oro Unibank, Inc., largest in terms of assets as of September 2008, yesterday said it is raising P12-P13 billion this year for expansion and for acquisition opportunities.

On the other hand, the Bank of Philippine Islands, third largest in terms of assets, yesterday said 2009 remains full of uncertainties and will continue to follow, therefore, its “back to basics” banking strategy.

Aurelio R. Montinola III, BPI president and chief executive, in a statement, said: “We know that in good times, banking is about growth and earnings; however, in difficult times, banking is about liquidity, solvency and trust, and these last three factors have all been strong attributes of BPI and, and in general, the Philippine banking system.”

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