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                    [ArticleID] => 221570
                    [Title] => PCGG nominees holding on to UCPB board seats
                    [Summary] => After infusing P20 billion into United Coconut Planters Bank (UCPB), the Philippine Deposit Insurance Corp. (PDIC) is still unable to take full control of the bank as the Presidential Commission on Good Government (PCGG) continued to hold on to all nine of its remaining seats in the board of directors. 


UCPB has managed to operate smoothly during the transition period when a new president was appointed and former chairman Eduardo Go resigned from the bank, but PDIC’s failure to take over the bank has created uncertainties despite the efforts to normalize management. 


                    [DatePublished] => 2003-09-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] => Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 212061
                    [Title] => PDIC to provide P20-B financial package to UCPB
                    [Summary] => After months of intense negotiations, state-owned Philippine Deposit Insurance Corp. (PDIC) has agreed to provide a P20-billion financial assistance package to United Coconut Planters Bank (UCPB) which would involve the issuance of "hybrid Tier 2" bonds and the sale of bank assets amounting to P13 billion.
                    [DatePublished] => 2003-07-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] => Des  Ferriols
                    [SectionName] => Business
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CARLO MARCO ESTAVILLO

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                    [ArticleID] => 221570
                    [Title] => PCGG nominees holding on to UCPB board seats
                    [Summary] => After infusing P20 billion into United Coconut Planters Bank (UCPB), the Philippine Deposit Insurance Corp. (PDIC) is still unable to take full control of the bank as the Presidential Commission on Good Government (PCGG) continued to hold on to all nine of its remaining seats in the board of directors. 


UCPB has managed to operate smoothly during the transition period when a new president was appointed and former chairman Eduardo Go resigned from the bank, but PDIC’s failure to take over the bank has created uncertainties despite the efforts to normalize management. 


                    [DatePublished] => 2003-09-22 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096655
                    [AuthorName] => Des  Ferriols
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                    [ArticleID] => 212061
                    [Title] => PDIC to provide P20-B financial package to UCPB
                    [Summary] => After months of intense negotiations, state-owned Philippine Deposit Insurance Corp. (PDIC) has agreed to provide a P20-billion financial assistance package to United Coconut Planters Bank (UCPB) which would involve the issuance of "hybrid Tier 2" bonds and the sale of bank assets amounting to P13 billion.
                    [DatePublished] => 2003-07-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] => Des  Ferriols
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abtest

PCGG nominees holding on to UCPB board seats

By Des Ferriols | September 22, 2003 - 12:00am

After infusing P20 billion into United Coconut Planters Bank (UCPB), the Philippine Deposit Insurance Corp. (PDIC) is still unable to take full control of the bank as the Presidential Commission on Good Government...

Business

PDIC to provide P20-B financial package to UCPB

By Des Ferriols | July 1, 2003 - 12:00am

After months of intense negotiations, state-owned Philippine Deposit Insurance Corp. (PDIC) has agreed to provide a P20-billion financial assistance package to United Coconut Planters Bank (UCPB) which would involve...

Business