^
+ Follow IBANK Tag
IBANK
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 362403
                    [Title] => iVantage bares expansion plans
                    [Summary] => Awash with cash following the sale of its majority stake in International Exchange Bank (iBank), publicly listed holding company iVantage Corp. has identified several possible areas of expansion that will see the firm focusing less on information technology and more on the financial services business to become a financial conglomerate.

[DatePublished] => 2006-10-11 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 356095 [Title] => SEC okays UnionBank, iBank merger [Summary] => The Securities and Exchange Commission (SEC) has approved the merger of the Aboitiz-controlled Union Bank of the Philippines and International Exchange Bank (iBank).

In a disclosure to the Philippine Stock Exchange (PSE), UnionBank said it was issued a certificate of filing of the articles and plan of merger of UnionBank and iBank.

On June 5, 2006, UnionBank purchased 98.8 percent of iBank shares through a special block sale coursed through the PSE. The shares were sold at P42.50 each.
[DatePublished] => 2006-09-03 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 335354 [Title] => Union Bank to acquire iBank for P13.5B [Summary] => The Aboitiz-controlled Union Bank of the Philippines — the country’s 12th largest lender – will acquire smaller rival International Exchange Bank (iBank) for about P13.54 billion, the latest in the wave of mergers and acquisitions in the country’s banking industry.
[DatePublished] => 2006-05-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 313645 [Title] => iBank gets high credit rating from PhilRatings [Summary] => International Exchange Bank (iBank) has obtained a PRS Aa minus rating from the Philippine Rating Services Corp. (PhilRatings). This means that the bank has a "strong capacity to meet its financial commitments relative to that of other Philippine obligors and differs from the highest rated corporates only to a small degree."

In assigning the rating, PhilRatings considered the bank’s sound funding base, the adequacy of its capital in relation to its asset quality, and market challenges posed by an industry which has become increasingly competitive.
[DatePublished] => 2005-12-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 297974 [Title] => iBank to raise P2.5B in Tier-2 capital [Summary] => International Exchange Bank (iBank) expects to raise as much as P2.5 billion for its Tier—2 capital build-up.

In a disclosure to the Philippine Stock Exchange, iBank said the additional capital will be raised from a debt issue that will further strengthen its capital base and prepare it for faster expansion especially in the event the central bank lifts the moratorium on the issuance of licenses for additional bank branches.
[DatePublished] => 2005-09-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 284166 [Title] => iBank eyes additional 50 branches nationwide [Summary] => Medium-sized lender International Exchange Bank (iBank) has applied for 50 new branch licenses with the Bangko Sentral ng Pilipinas, a top bank official said.

"We just applied for it. But it doesn’t mean that we will open all those branches in one year. We’re trying to get more branches," Lanuza said.

He said the bank hopes to open five to eight branches a year. It expects to end the year with a total of 80 branches from the existing 74. The bank plans to expand its branch network to around 100 to 120 branches.
[DatePublished] => 2005-06-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 213737 [Title] => iBank branch network expands to 70 [Summary] => International Exchange Bank (iBank), has opened banks, five new branches in key provincial areas bringing its total nationwide branch network to 70.

The new branches are located in Kamias, Quezon City; Cebu-Mandaue; Meycauyan, Bulacan; Mayhaligue, Binondo; and Davao-Quirino.
[DatePublished] => 2003-07-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [7] => Array ( [ArticleID] => 161397 [Title] => iBank launches outreach programs [Summary] => Commercial banking sector leader International Exchange Bank (iBank) recently stepped up its involvement in community outreaches in a bid to further strengthen the bank’s corporate philanthropy program.
[DatePublished] => 2002-05-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 153727 [Title] => iBank offers customized corporate products [Summary] => The International Exchange Bank (iBank) announced recently that it is further expanding its portfolio of products and services designed for the needs of its corporate clientele and prime individual accounts.

Earlier, iBank launched high-yield time deposit instruments – the iTime Plus and iTime Prime – in response to the growing requirement of the small- and medium-sized entrepreneurs for optimum earnings for their placements.
[DatePublished] => 2002-03-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [9] => Array ( [ArticleID] => 135668 [Title] => 20-M ipon ng balo inipit ng banko [Summary] => Nagulantang ang isang lalake nang kanyang malaman na ang mahigit na P20M panghabambuhay na ipon ng kanyang 77-gulang na inang balo ay nai-freeze ng isang banko sa Valenzuela City.

Ayon kay Paul Lee, noong Setyembre 19, 2001, sinubukang niyang mag-withdraw ng pera mula sa International Exchange Bank (IBank), Valenzuela branch para gugulin sa personal na pangangailangan ng kanyang ina at para na rin magamit sa kanilang negosyo.
[DatePublished] => 2001-10-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => PSN Metro [SectionUrl] => metro [URL] => ) ) )
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