Philippine Island Times Adventures of an American expat in the Philippines

February 27, 2009

Gimme Piso

Filed under: siquijor — Donald @ 8:10 am

Allied Bank Siquijor

I hoped never to know about the vital signs of banks. That’s a luxury I can’t afford anymore, so lately I’ve spent a ridiculous amount of time on the Philippine Stock Exchange website reading disclosures of capital adequacy and non-performing loan ratios, returns on assets, and other stuff the accountants made up. The result is a couple of bank accounts that will allow me to diversify my currency exposure and finally begin losing pesos just like everything else. A dollar buys a lot of local coin right now, but that may change after the current panic abates and the Philippines elects a new President next year. Good a time to move in as any. Fortunately, the security procedures at my bank here on the island are very reassuring.

Bank Notice

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