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+ Follow EQUITABLE CARD NETWORK INC Tag
EQUITABLE CARD NETWORK INC
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 490116
                    [Title] => BDO reports 10% growth in its credit card business
                    [Summary] => 

Banco de Oro Unibank Inc. (BDO) has reported a slower 10-percent growth in its credit card business as spending habits continue to be influenced by the poor economic conditions.

[DatePublished] => 2009-07-27 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 386902 [Title] => BDO, Equitable to speed up integration [Summary] => Banco de Oro Universal Bank (BDO) and the Equitable PCI Bank (EPCIB) are speeding up their integration process with the entry of Macquarie Securities Inc.

The two major commercial banks were involved in a share swap agreement last year, resulting in a merger with the surviving bank, to be known as Banco de Oro-EPCI Bank Inc.

Immediately after the share swap agreement, BDO officials estimated that it would take over a year to complete the integration of the two banks.
[DatePublished] => 2007-02-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 386701 [Title] => EPCIB starts asset disposal ahead of merger with BDO [Summary] => Equitable PCI Bank (EPCIB) has started winding down its business with the planned sale of assets, termination of contracts and services, and disposal of equity assets in preparation for its merger with Banco de Oro Universal Bank (BDO).

EPCIB corporate secretary Sabino Acut Jr. said in a report to the regulators that the EPCIB board has ordered its management to sell the bank’s equity investments in both publicly-listed and non-listed corporations.
[DatePublished] => 2007-02-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 385963 [Title] => Metrobank bent on keeping top position [Summary] => George Ty's flagship company, Metropolitan Bank & Trust Company (Metrobank) will do its best to retain its number one position in the banking industry, as other banking giants are trying to bloat their asset value to climb to the highest rank. [DatePublished] => 2007-02-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1298072 [AuthorName] => Ehda Dagooc [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [4] => Array ( [ArticleID] => 385795 [Title] => Metrobank bent on keeping top position [Summary] => George Ty's flagship company, Metropolitan Bank & Trust Company (Metrobank) will do its best to retain its number one position in the banking industry, as other banking giants are trying to bloat their asset value to climb to the highest rank. [DatePublished] => 2007-02-19 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1298072 [AuthorName] => Ehda Dagooc [SectionName] => Freeman Cebu Business [SectionUrl] => cebu-business [URL] => ) [5] => Array ( [ArticleID] => 381612 [Title] => EPCIB dissolves credit card unit [Summary] => Equitable Card Network Inc. has been dissolved as its entire operations will be assumed by Banco de Oro EPCI Inc., the new bank entity resulting from the merger between Banco de Oro Universal Bank (BDO) and Equitable PCI Bank (EPCIB).

In a report to the Philippine Stock Exchange (PSE), EPCIB said its credit card business will be absorbed by the surviving entity from the recent merger of the two banks.

EPCIB corporate secretary Sabino E. Acut Jr. said the dissolution was "for reasons of efficiency and economy, including saving intermediation costs."
[DatePublished] => 2007-01-25 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [6] => Array ( [ArticleID] => 334871 [Title] => SEC reprimands EPCIB for code violation [Summary] => Equitable PCI Bank received a mere slap on the wrist from the Securities and Exchange Commission (SEC) despite findings it violated the independent director provision of the Securities Regulation Code (SRC).

This as the SEC approved the recommendation of its Compliance and Enforcement Department (CED) to not impose criminal and administrative sanctions against EPCIBank and its nomination committee.

The CED opted to just impose the penalty of reprimand on EPCIBank with a stern warning that any future violations will be severely dealt with in accordance with law.
[DatePublished] => 2006-05-04 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 319696 [Title] => Tumalbog na tseke [Summary] => GUMAGAMIT si Jimmy ng Equitable Card Network Inc. (ECN) na may credit line na P499,000.00. Sa simula, maganda ang record ni Jimmy subalit nasira ito nang umabot na sa P1,035,590.28 ang naging utang niya sa ECN. Pinagbabayad na siya ng ECN subalit iginiit niyang may pagkakamali sa naging kuwenta ng kanyang utang kaya hindi ito dapat umabot sa malaking halaga. Sinubukan ni Jimmy na pumasok sa isang kasunduan sa ECN kung saan nag-isyu siya ng tatlong tseke pabor sa ECN. Ang unang tsekeng inisyu ni Jimmy ay Far East Bank (FEBTC) Check No. [DatePublished] => 2006-02-02 00:00:00 [ColumnID] => 134393 [Focus] => 0 [AuthorID] => 1804883 [AuthorName] => Jose C. Sison [SectionName] => PSN Opinyon [SectionUrl] => opinyon [URL] => ) [8] => Array ( [ArticleID] => 317755 [Title] => Maling hatol [Summary] => ISA sa tatlong tsekeng inisyu ni Jimmy bilang bayad sa kanyang utang sa Equitable Card Network Inc. (ECN) ay ang Far East Bank and Trust Co. (FEBTC) Check No. 369403 na may petsang May 12, 1993 pabor sa ECN. Inisyu ni Jimmy ang tsekeng ito noong April 7, 1993 bilang tanda ng maganda niyang layunin at bilang pangako sa pagtupad ng kanyang obligasyon hanggang August 1993 habang inaayos pa ang pagkukuwenta ng kanyang utang sa ECN. Ayon kay Jimmy, ang tsekeng ito ay hindi para papalitan kundi isa lamang pagpapahayag ng kanyang katapatan sa pagbabayad ng kanyang obligasyon. [DatePublished] => 2006-01-21 00:00:00 [ColumnID] => 134393 [Focus] => 0 [AuthorID] => 1804883 [AuthorName] => Jose C. Sison [SectionName] => PSN Opinyon [SectionUrl] => opinyon [URL] => ) [9] => Array ( [ArticleID] => 317488 [Title] => SEC finds violation in appointment of 2 EPCIB independent directors [Summary] => The Securities and Exchange Commission has found the appointments of Presidential Adviser Roberto Romulo and Cesar Bautista as independent directors of Equitable-PCI Bank in violation of the Securities Regulation Code (SRC).

Based on the investigation conducted by the SEC’s Compliance and Enforcement Department (SEC-CED), Romulo and Bautista are not fit to sit as independent directors in EPCI Bank subject to the requirements of Sec. 38 of the SRC.
[DatePublished] => 2006-01-20 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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