^
+ Follow CONSOLIDATION PROGRAM Tag
CONSOLIDATION PROGRAM
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 1533312
                    [Title] => BSP issues guidelines on rural bank mergers
                    [Summary] => 

The Bangko Sentral ng Pilipinas (BSP) has released the eligibility requirements for a program extending a financial package to encourage mergers and consolidations among rural banks.

[DatePublished] => 2015-12-16 09:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20150225/BSP-building.jpg ) [1] => Array ( [ArticleID] => 1511837 [Title] => PDIC extends deposit claims from closed Bukidnon bank [Summary] =>

State-run Philippine Deposit Insurance Corp. (PDIC) is extending the processing of insurance deposit claims of the shuttered Bukidnon-based Xavier-Punla Rural Bank Inc. after servicing a little more than half of the deposit accounts.

[DatePublished] => 2015-10-17 10:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 1509613 [Title] => Earnings of rural, coop banks down 16.8% in first half [Summary] =>

Earnings of rural and cooperative banks fell 16.8 percent to P1.64 billion in the first half from P1.97 billion in the same period last year amid the consolidation in the industry and the exit of weak players, data from the Bangko Sentral ng Pilipinas (BSP) showed.

[DatePublished] => 2015-10-11 10:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 1502793 [Title] => Fewer banks but more branches sprout in H1 [Summary] =>

The number of banks declined amid the consolidation of smaller players but the physical network of banking industry increased in the first half, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

[DatePublished] => 2015-09-22 10:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 1494035 [Title] => PDIC set to pay depositors of closed RB [Summary] =>

State-run Philippine Deposit Insurance Corp. (PDIC) is set to start paying depositors of the shuttered Bukidnon-based Xavier-Punla Rural Bank Inc. in the second week of September.

[DatePublished] => 2015-08-30 10:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 1485536 [Title] => Thrift, rural banks remain cushioned vs losses – BSP [Summary] =>

The Bangko Sentral ng Pilipinas (BSP) said yesterday the country’s thrift banks as well as rural and cooperative banks have enough capital to cover unexpected losses.

[DatePublished] => 2015-08-06 10:00:00 [ColumnID] => 0 [Focus] => 0 [AuthorID] => 1097197 [AuthorName] => Lawrence Agcaoili [SectionName] => Business [SectionUrl] => business [URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20150807/BPS-3.jpg ) ) )
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