SOCIAL SECURITY SYSTEM AND GOVERNMENT

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                    [ArticleID] => 100254
                    [Title] => Gov't to raise Al Amanah Bank capital to P1 B
                    [Summary] => 

The National Government will offer some P950-million worth of shares of Al
Amanah Islamic Investment Bank of the Philippines (Islamic Bank) by April this
year to pave the way for the bank's privatization.

Asset Privatization Trust chief executive trustee Renato Valdecantos told
The STAR that there is a need to issue new shares of the bank to enable
it to raise its authorized capital stock to P1 billion.

He said of the authorized capital stock of P1 billion, about P50 million was
subscribed and paid up.

According to Valdecantos, the offering of the shares to investo
                    [DatePublished] => 2000-03-21 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096364
                    [AuthorName] => Donnabelle L. Gatdula
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

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Gov't to raise Al Amanah Bank capital to P1 B

By Donnabelle L. Gatdula | March 21, 2000 - 12:00am

The National Government will offer some P950-million worth of shares of Al Amanah Islamic Investment Bank of the Philippines (Islamic Bank) by April this year to pave the way for the bank's privatization. Asset...

Business