GUZMAN BOCALING AND CO

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                    [ArticleID] => 297692
                    [Title] => Concerns over LBC Bank raised anew
                    [Summary] => Stakeholders and depositors of the LBC Development Bank have  raised concern over the non-compliance of the bank’s board of directors of a memorandum of agreement signed between the Bangko Sentral ng Pilipinas (BSP)  and the bank instructing the bank directors and management "to adopt measures to address all identified weaknesss in risk management and internal control systems, among others.


The accord was a result of an examination undertaken by BSP examiners in 2002 after independent auditors refused to render an opinion on the bank’s financial statements.


                    [DatePublished] => 2005-09-20 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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Concerns over LBC Bank raised anew

September 20, 2005 - 12:00am

Stakeholders and depositors of the LBC Development Bank have raised concern over the non-compliance of the bank’s board of directors of a memorandum of agreement signed between the Bangko Sentral ng Pilipinas...

Banking