PHILIPPINE ASSET INVESTMENT

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                    [ArticleID] => 289119
                    [Title] => BPI income up 23% to P2.3B in Q2
                    [Summary] => Bank of the Philippine Islands (BPI), the country’s second largest banking group, posted a P2.3 billion net profit in the second quarter this year, up 23 percent from P1.9 billion a year earlier, driven by higher interest and fee-based income. 


BPI, owned by conglomerate Ayala Corp. and Singapore’s DBS Group, said its revenues in the second quarter grew by a similar 23 percent to P7 billion. In the second quarter of 2004, BPI posted total revenues of P5.7 billion. 


                    [DatePublished] => 2005-07-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 288612
                    [Title] => BPI sells P2.4-B bad loans to US fund manager
                    [Summary] => The Bank of the Philippine Islands (BPI) has sold P2.4 billion worth of non-performing loans (NPLs) to Asset Pool A (SPV-AMC) Inc. and Avenue Asia Special Situations Fund III L.P., both managed by the Avenue Capital Group, a leader in the distressed asset market in the United States. 


The NPL sale is the second transaction undertaken by the universal bank of the Ayala Group following the sale last year of P8.6 billion worth of NPLs to Philippine Asset Investment (SPV-AMC) Inc.  


                    [DatePublished] => 2005-07-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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BPI income up 23% to P2.3B in Q2

By Zinnia B. Dela Peña | July 31, 2005 - 12:00am

Bank of the Philippine Islands (BPI), the country’s second largest banking group, posted a P2.3 billion net profit in the second quarter this year, up 23 percent from P1.9 billion a year earlier, driven by higher...

Business

BPI sells P2.4-B bad loans to US fund manager

By Ted P. Torres | July 28, 2005 - 12:00am

The Bank of the Philippine Islands (BPI) has sold P2.4 billion worth of non-performing loans (NPLs) to Asset Pool A (SPV-AMC) Inc. and Avenue Asia Special Situations Fund III L.P., both managed by the Avenue Capital...

Business