+ Follow BANK AND BANCO Tag
BANK AND BANCO
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[results] => Array
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[0] => Array
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[ArticleID] => 630501
[Title] => Advertiser files P37-million raps vs ex-GMA 7 executive, 5 others
[Summary] => A former GMA Network official and five others are facing 58 counts of syndicated estafa before the Quezon City prosecutors’ office for allegedly defrauding an advertiser.
[DatePublished] => 2010-11-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1673868
[AuthorName] => Reinir Padua
[SectionName] => Metro
[SectionUrl] => metro
[URL] =>
)
[1] => Array
(
[ArticleID] => 368012
[Title] => 3 more bank mergers seen
[Summary] => The Bangko Sentral ng Pilipinas (BSP) said it expects up to three more bank mergers until next year as the banking landscape shifts dramatically following the merger of Equitable PCI Bank and Banco de Oro.
BSP Governor Amando M. Tetangco Jr. told reporters that for reasons of size, competition and strategic footing, authorities were expect two to three more bank mergers to immediately follow.
[DatePublished] => 2006-11-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 367761
[Title] => BSP sees more mergers in banking sector
[Summary] =>
Following the merger of Equitable PCI Bank and Banco de Oro, the Bangko Sentral ng Pilipinas (BSP) said it expects more consolidation in the banking industry over the near term.
Driven by the growing sophistication of the financial market as well as the large investment outlays required to adapt new technologies, bank regulators said it is unlikely that the consolidation trend is drawing to a close.
[DatePublished] => 2006-11-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 367596
[Title] => Bank merger, strong Q3 results propel stocks to new 9-year high
[Summary] =>
Share prices rose to a fresh nine-year high yesterday, buoyed by robust third quarter corporate results and news of a major merger in the banking sector, dealers said.
They said stocks climbed, led by Equitable PCI Bank and Banco de Oro after they announced their merger to form the nation’s second-largest lender by assets.
Other issues rose after the government said inflation was at its slowest pace in more than two years and as the yield of the Benchmark Treasury bill that banks use to price loans fell to a six-month low.
[DatePublished] => 2006-11-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 365383
[Title] => Metrobank starts sale of P8-B bad loans
[Summary] =>
Metropolitan Bank & Trust Co. (Metrobank), the country’s largest bank in terms of assets, will start auction today of up to P8 billion worth of non-performing loans (NPLs) in line with efforts to bring down its bad loans ratio to single-digit levels.
In a briefing following the listing of the company’s additional shares on the Philippine Stock Exchange (PSE) yesterday, Metrobank chairman Antonio Abacan Jr. said at least nine foreign companies have already signified interest to participate in the bidding.
[DatePublished] => 2006-10-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 355526
[Title] => Market ends lower as profit-taking hits PLDT
[Summary] => Share prices closed 0.26 percent lower yesterday in mixed trading as profit-taking hit blue-chip Philippine Long Distance Telephone Co. (PLDT), dealers said.
However, Equitable PCI Bank and Banco de Oro Universal Bank rose sharply as investors bet on a possible merger, they added.
The Philippine Stock Exchange composite index finished down 5.91 points at 2,296.78 after moving between 2,291.69 and 2,310.99. There were 1.56 billion shares traded worth P1.31 billion.
The broader all-shares index rose 3.28 points to 1,434.03.
[DatePublished] => 2006-08-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 303392
[Title] => China Bank seen better if left out of BDO-ECPI Bank merger
[Summary] => China Banking Corp. will contribute in "its own small way", but Equitable PCI Bank will be more effective under the banner of Banco de Oro Universal Bank, said. Teresita Sy-Coson, board member of Equitable PCI Bank and executive vice president of SM Investments Corp. (SMIC).
"China Bank contributes well in its own small way, and is best left as an expert on its own field of expertise," Sy-Coson said.
The SM Group is a majority stakeholder in China Bank, which is considered among the most profitable commercial banks in the industry.
[DatePublished] => 2005-10-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 246782
[Title] => SEC okays Meralco plan to convert $600-M unsecured loans to bonds
[Summary] => The Securities and Exchange Commission (SEC) has approved the plan of power distributor Manila Electric Co. Inc. to convert its unsecured loans into bonded indebtedness in the amount of $600 million.
The $600 million that it seeks to be converted into bonded indebtedness will be used to fund its capital projects for 2004-2006, refinance all its existing long-term unsecured loans, and convert existing unsecured short-term debts to long-term secured debts.
[DatePublished] => 2004-04-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 235973
[Title] => Meralco gets reprieve from creditors
[Summary] => The short-term creditors of Manila Electric Co. (Meralco) agreed yesterday to extend until March the deadline for the payment of the company’s $88 million maturing obligations, a company official said.
In a disclosure to the Philippine Stock Exchange (PSE), Meralco treasurer Rafael Andrada said the company’s short-term lenders have agreed to rollover the loan on the same terms and conditions.
[DatePublished] => 2004-01-22 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 214189
[Title] => S&P downgrades Meralco rating
[Summary] => Standard & Poor’s Ratings Services has downgraded its foreign currency rating on Manila Electric Co. (Meralco) as it expressed concern that the power distributor might not be able to meet its maturing financial obligations amounting to over P11 billion.
[DatePublished] => 2003-07-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
November 8, 2006 - 12:00am
August 31, 2006 - 12:00am
