+ Follow PHILIPPINE DEPOSIT INSURANCE CO Tag
PHILIPPINE DEPOSIT INSURANCE CO
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[ArticleID] => 1304614
[Title] => PSBank launches UITF
[Summary] => The Philippine Savings Bank (PSBank) has launched the PSBank Money Market Fund, its first unit investment trust fund (UITF) to provide customers an affordable, prudent and liquid investment option.
[DatePublished] => 2014-03-25 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[1] => Array
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[ArticleID] => 525445
[Title] => Landbank eyes $100 million from new deposit product
[Summary] => The Land Bank of the Philippines (Landbank), a government financial institution, is eyeing to raise $100 million through the issuance of Negotiable Certificates of Time Deposit (NCTD) to fund its expansion needs and to provide alternative investment options to investors.
[DatePublished] => 2009-11-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804708
[AuthorName] => Iris Gonzales
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
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[ArticleID] => 479770
[Title] => Banks seek more incentives for mergers
[Summary] => Rural banks are asking the Bangko Sentral ng Pilipinas (BSP) for additional incentives to encourage the banking system to further consolidate.
[DatePublished] => 2009-06-23 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[3] => Array
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[ArticleID] => 429616
[Title] => 2 rural banks in Pampanga declare bank holidays
[Summary] => The Bangko Sentral ng Pilipinas (BSP) is faced with more trouble in the rural banking sector as two rural banks in Pampanga with related owners have declared bank holidays over the last two weeks.
[DatePublished] => 2009-01-08 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Nation
[SectionUrl] => nation
[URL] =>
)
[4] => Array
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[ArticleID] => 270750
[Title] => Government’s stake in PNB seen to generate P9B to P16B
[Summary] => The government’s remaining shares in the Philippine National Bank (PNB) is estimated to generate between P9 billion and P15 billion for the national coffers.
The PNB made this estimate as the government announced that it has initiated the joint sale of 67 percent of PNB held by the government and the Lucio Tan Group of Companies.
The Arroyo administration has decided to sell its interests in PNB before September, drumming up interests for its holdings in the bank which represents a 45 percent voting right held by the Philippine Deposit Insurance Co. (PDIC).
[DatePublished] => 2005-03-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
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[ArticleID] => 261463
[Title] => PBCom plans to sell P10-B NPAs
[Summary] => The plan of PBCom to sell an estimated P10 billion worth of non-performing assets is attracting a significant number of potential investors as the bank prepares for the auction within the next few months.
Banking sources told reporters over the weekend that at least 12 investor groups have expressed their intention to participate in the auction, boosting the bank’s chances of success in the wake of repeated failure by other banks.
[DatePublished] => 2004-08-16 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
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[ArticleID] => 256845
[Title] => UCPB gets add’l P7.5B from PDIC
[Summary] => The United Coconut Planters Bank (UCPB) received another P7.5 billion in liquidity assistance on top of the P20-billion bailout assistance from the Philippine Deposit Insurance Co. (PDIC).
The total assistance received by the UCPB topped the P25 billion record set by the Philippine National Bank. This amount is P2.5 billion shy of the P30 billion received by Metropolitan Bank and Trust Co. which paid the whole amount within a year.
UCPB president Jose Querubin told reporters yesterday that it was pre-paying the liquidity assistance but the amount was never
[DatePublished] => 2004-07-09 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
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[ArticleID] => 249827
[Title] => MB eases rule on winding down period for downgraded banks
[Summary] => Monetary authorities are planning to relax the rules on the winding down period for non-allied undertakings of banks that have downgraded their license from that of a universal bank to a commercial bank.
Sources from the Bangko Sentral ng Pilipinas (BSP) said a one-year grace period may be granted by the Monetary Board upon request by banks that are under rehabilitation.
Penalties and accrued interest for failure to wind down non-allied undertakings particularly in the real estate business will not be waived, however.
[DatePublished] => 2004-05-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[8] => Array
(
[ArticleID] => 238368
[Title] => PDIC OKs consolidation
[Summary] => The Philippine Deposit Insurance Co. (PDIC), through its Resolution No. 2003-07-0111 has granted consent to the proposed consolidation of three of Mindanao’s largest rural banks, Network Rural Bank Inc. (NRB), Rural Bank of Panabo Inc. (RBP), and Provident Rural Bank Inc. (PRB), pending approval of the Bangko Sentral ng Pilipinas (BSP). The new consolidated bank will be called the One Network Rural Bank Inc.
The proposed consolidation will combine the strengths and resources of the NRB, RBP and PRB to better serve the rural townfolk and SME’s of Mindanao.
[DatePublished] => 2004-02-10 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[9] => Array
(
[ArticleID] => 226677
[Title] => One Network Bank set up by end 2003
[Summary] => Three of the country’s top microfinance institutions (MFIs), the Network Rural Bank (NRB), Rural Bank of Panabo (RBP) and Provident Rural Bank (PRB), are consolidating to form One Network Rural Bank, a consolidated countryside bank that intends to bring its own brand of professional, personalized service to Mindanao communities.
With NRB, RBP and PRB occupying the second, fourth and eighth slots, respectively, in terms of net income last year, this move is intended to maximize existing strengths and provide opportunities for strategic expansion across Mindanao.
[DatePublished] => 2003-11-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
)
)
abtest
February 10, 2004 - 12:00am
November 4, 2003 - 12:00am
