- Philstar.com
- The Philippine Star
- Pilipino Star Ngayon
- The Freeman
- Pang-Masa
- Banat
- Interaksyon
SUPPORT PHILSTAR
About Us |
Contact Us |
Advertise |
Privacy Policy |
Member Agreement |
Copyright Notice
Copyright © 2024. Philstar Global Corp. All Rights Reserved
X
+ Follow ASSET POOL A Tag
ASSET POOL A
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 330079 [Title] => BPI sells P6.3B of NPLs to Avenue Asia [Summary] => Ayala-owned Bank of the Philippine Islands (BPI) has unloaded another P6.3 billion worth of non-performing loans (NPLs) through a sale and purchase agreement with Avenue Asia, a leading player in the distressed asset market in the US.
BPI has so far sold a total of P17.3 billion in NPLs in wholesale transactions. It has averaged a little over P2 billion in annual retail transactions in the past three years.
In 2004, it sold P8.6 billion in NPLs to Morgan Stanley in a landmark transaction under the Special Purpose Vehicle (SPV) Law.
[DatePublished] => 2006-04-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 288612 [Title] => BPI sells P2.4-B bad loans to US fund manager [Summary] => The Bank of the Philippine Islands (BPI) has sold P2.4 billion worth of non-performing loans (NPLs) to Asset Pool A (SPV-AMC) Inc. and Avenue Asia Special Situations Fund III L.P., both managed by the Avenue Capital Group, a leader in the distressed asset market in the United States.
The NPL sale is the second transaction undertaken by the universal bank of the Ayala Group following the sale last year of P8.6 billion worth of NPLs to Philippine Asset Investment (SPV-AMC) Inc.
[DatePublished] => 2005-07-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Ted P. Torres | April 6, 2006 - 12:00am
By Ted P. Torres | July 28, 2005 - 12:00am
Recommended
Almost every day, Miss Universe 2022 and fashion designer R'Bonney Gabriel fills her Instagram feed with videos of her new creations.
3 days ago
Miss Universe 2022 R’Bonney Gabriel went to Divisoria for fabrics shopping.
3 days ago
Former Ilocos Sur Vice Gov. Chavit Singson gave his reaction over Miss Universe Organization's move to allow transwomen and women with children to compete at the prestigious pageant.
4 days ago
Filipino-American model and fashion designer R’Bonney Gabriel has been in the Philippines for about a week now for “special projects,” she told Philstar.com and other press at Rustan’s Makati’s summer launch last week.
5 days ago
Hello Glow awarded its top 6 Miss Universe Philippines finalists recently in SM North The Block.
4 days ago
Lotto Apr 28, 2024
EZ2 - 30 17
SUERTRES - 8 5 7
6/49 Lotto - 47 37 9 31 17 44
P35,865,501.00
6/58 Ultra Lotto - 46 32 52 15 20 21
P98,293,493.00
Forex
February 12, 2018
- 12:00 am
- 12:00 am
1$ : P51.66