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                    [Title] => NHMFC bad loans not qualified under SPV law
                    [Summary] => The sale of some P14-billion worth of bad loans of the National Housing and Mortgage Fund Corp. (NHMFC) is not qualified for incentives under the Special Purpose Vehicle Act (SPVA), the Bangko Sentral ng Pilipinas (BSP). 


The sale was expected to ultimately ease the bad loans portfolio of the entire banking system but since the selling entity was not a bank, the BSP said it would not qualify for incentives under the program. 


                    [DatePublished] => 2004-03-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] => Des  Ferriols
                    [SectionName] => Business
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                    [Title] => PNB names Ernst & Young as financial advisor
                    [Summary] => The asset management group of the Philippine National Bank announced the recent appointment for Ernst & Young Asia Pacific Financial Solutions LLC as its financial advisor in the development and implementation of a comprehensive strategy for its non-performing assets (NPAs) consisting of non-performing loans and acquired assets.


Under the engagement, Ernst & Young will assist the bank in the segmentation of its NPA portfolio into asset pools so that appropriate disposition strategies may be adopted for each asset category.


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                    [ArticleID] => 242968
                    [Title] => NHMFC bad loans not qualified under SPV law
                    [Summary] => The sale of some P14-billion worth of bad loans of the National Housing and Mortgage Fund Corp. (NHMFC) is not qualified for incentives under the Special Purpose Vehicle Act (SPVA), the Bangko Sentral ng Pilipinas (BSP). 


The sale was expected to ultimately ease the bad loans portfolio of the entire banking system but since the selling entity was not a bank, the BSP said it would not qualify for incentives under the program. 


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                    [ArticleID] => 217506
                    [Title] => PNB names Ernst & Young as financial advisor
                    [Summary] => The asset management group of the Philippine National Bank announced the recent appointment for Ernst & Young Asia Pacific Financial Solutions LLC as its financial advisor in the development and implementation of a comprehensive strategy for its non-performing assets (NPAs) consisting of non-performing loans and acquired assets.


Under the engagement, Ernst & Young will assist the bank in the segmentation of its NPA portfolio into asset pools so that appropriate disposition strategies may be adopted for each asset category.


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abtest

NHMFC bad loans not qualified under SPV law

By Des Ferriols | March 18, 2004 - 12:00am

The sale of some P14-billion worth of bad loans of the National Housing and Mortgage Fund Corp. (NHMFC) is not qualified for incentives under the Special Purpose Vehicle Act (SPVA), the Bangko Sentral ng Pilipinas...

Business

PNB names Ernst & Young as financial advisor

August 17, 2003 - 12:00am

The asset management group of the Philippine National Bank announced the recent appointment for Ernst & Young Asia Pacific Financial Solutions LLC as its financial advisor in the development and implementation...

Business