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                    [ArticleID] => 219606
                    [Title] => Plantersbank acquires Region Bank
                    [Summary] => Bangko Sentral ng Pilipinas Deputy Governor Alberto Reyes has announced that the BSP has approved Planters Development Bank’s (Plantersbank) acqusition of Region Bank (Los Baños Rural Bank, Inc.). 


Region Bank, the largest rural bank in the country, has gross assets of P1.6 billion and a network of 11 branches in Laguna, Batangas and Muntinlupa.


With the acquisition, Plantersbank will have total consolidated assets of P27 billion. The acquisition was also approved by the Philippine Deposit Insurance Corp. (PDIC).


                    [DatePublished] => 2003-09-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 96333
                    [Title] => KBs may convert loans to equity in ailing firms — BSP
                    [Summary] => Commercial banks could soon acquire interests in companies or concerns about to go under, especially those in which they have substantial exposures.


Bangko Sentral ng Pilipinas Deputy Governor Alberto Reyes said the BSP is drawing up guidelines that will allow commercial banks to recover their loan exposures in losing companies about to be foreclosed.


The exit mechanism, he said, will allow banks to convert their loans into equity in these companies, equivalent to their exposures in the losing entities.


                    [DatePublished] => 2001-03-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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PILIPINAS DEPUTY GOVERNOR ALBERTO REYES

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                    [ArticleID] => 219606
                    [Title] => Plantersbank acquires Region Bank
                    [Summary] => Bangko Sentral ng Pilipinas Deputy Governor Alberto Reyes has announced that the BSP has approved Planters Development Bank’s (Plantersbank) acqusition of Region Bank (Los Baños Rural Bank, Inc.). 


Region Bank, the largest rural bank in the country, has gross assets of P1.6 billion and a network of 11 branches in Laguna, Batangas and Muntinlupa.


With the acquisition, Plantersbank will have total consolidated assets of P27 billion. The acquisition was also approved by the Philippine Deposit Insurance Corp. (PDIC).


                    [DatePublished] => 2003-09-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 96333
                    [Title] => KBs may convert loans to equity in ailing firms — BSP
                    [Summary] => Commercial banks could soon acquire interests in companies or concerns about to go under, especially those in which they have substantial exposures.


Bangko Sentral ng Pilipinas Deputy Governor Alberto Reyes said the BSP is drawing up guidelines that will allow commercial banks to recover their loan exposures in losing companies about to be foreclosed.


The exit mechanism, he said, will allow banks to convert their loans into equity in these companies, equivalent to their exposures in the losing entities.


                    [DatePublished] => 2001-03-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Plantersbank acquires Region Bank

September 3, 2003 - 12:00am

Bangko Sentral ng Pilipinas Deputy Governor Alberto Reyes has announced that the BSP has approved Planters Development Bank’s (Plantersbank) acqusition of Region Bank (Los Baños Rural Bank, Inc.). Region...

Business

KBs may convert loans to equity in ailing firms — BSP

March 7, 2001 - 12:00am

Commercial banks could soon acquire interests in companies or concerns about to go under, especially those in which they have substantial exposures. Bangko Sentral ng Pilipinas Deputy Governor Alberto Reyes said...

Business