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Philippine banks join ADB trade programme

23 February 2010

The Asian Development Bank (ADB) has signed the first five Philippine banks to its Trade Finance Facilitation Programme (TFFP).

Read more: [Asian Development Bank trade facilitation Philippine] [ Philippine banks ADB] [ADB TFFP. ]

The Asian Development Bank (ADB) has signed the first five Philippine banks to its Trade Finance Facilitation Programme (TFFP).

Allied Banking Corporation, Development Bank of the Philippines, Metropolitan Bank and Trust Company, Philippine National Bank, and Rizal Commercial Banking Corp make up the five Philippine banks which officially joined the programme today.

"In the Philippines, small- and medium-sized firms employ around 77% of all those working in the...


Poll

Credit insurers have withstood the crisis admirably settling a high number of claims during 2009. If you are actively involved in trade transactions what percentage of your deal book now enjoys some political or credit risk cover from private insurers?

75% to 100%
33%
50% to 75%
30%
25% to 50%
9%
25% or less
10%
I don’t use private credit insurers
18%

Quote

You ignore LCs at your peril as a trade bank.

Mark Evans, ANZ - Banks examine the bigger trade picture - April 2010