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Plantersbank, IFC to complete P3-B SPV
By Donnabelle L. Gatdula | December 25, 2012 - 12:00am
The Planters Development Bank and the International Finance Corp. (IFC) are nearing completion of a special purpose vehicle (SPV) with a distressed asset portfolio of P3 billion, a top IFC official said.
Business
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Revisit the Special Purpose Vehicle law
September 23, 2009 - 12:00am
A fairly recent development led a number of observers to ponder how the Special Purpose Vehicle (SPV) Law is being implemented to help the country’s banking system rid itself of bad or non-performing loans...
Business
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SPV Law not working - international investment firm
By Rainier Allan Ronda | December 19, 2008 - 12:00am
An international investment firm said Republic Act 9182, otherwise known as the Special Purpose Vehicle (SPV) Law, have failed to protect entities that has invested in local banks’ non-performing loans and...
Business
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Asking for more
By Rey Gamboa | December 2, 2005 - 12:00am
The passage of the Special Purpose Vehicle Act back in 2002 was a crucial move towards supporting the government’s efforts to spur growth in the beleaguered banking industry. The objective was very clear: reduce...
Business
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Equity managers favor extension of SPVA incentives
By Ted P. Torres | June 22, 2005 - 12:00am
A leading expert in regional investment and corporate finance has expressed support for the extension of the grant of incentives under the Special Purpose Vehicle Act (SPVA). Francis G. Estrada, chairman of Equity...
Business
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Allied Bank sells P4.3-B worth of bad assets
By Ted P. Torres | May 13, 2005 - 12:00am
Allied Banking Corp. has sold P4.3-billion worth of non-performing assets (NPAs) through the special purpose vehicle (SPV) route in a joint venture with ADC Resources and Holdings (SPV-AMC) Inc. Of the total NPAs...
Business
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PBCom sells P12.156B of non-performing loans
By Ted P. Torres | October 13, 2004 - 12:00am
Philippine Bank of Communications (PBCom) has disposed of P12.156 billion worth of non-performing loans (NPLs) it had placed at the auction block. Unimark Investments Corp., a registered special purpose vehicle...
Business
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E&Y urges government to extend grant of SPV perks
By Ted P. Torres | September 7, 2004 - 12:00am
Global accountancy firm Ernst & Young (E&Y) is urging the government to extend beyond September this year the grant of incentives under Republic Act (RA) 9182, otherwise known as the Special Purpose Vehicle...
Banking
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Landbank’s bad assets ready for scrutiny; P17B at stake
By Ted P. Torres | September 7, 2004 - 12:00am
After the long wait, the Land Bank of the Philippines (LBP) has finally scheduled Sept. 15 as the start of the due diligence period, and Oct. 27 for the public bidding of its P17 billion bucket of bad assets. At...
Banking
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UCPB starts negotiated sale
September 7, 2004 - 12:00am
The United Coconut Planters Bank (UCPB) has decided to negotiate with an investor or an asset management company (AMC) for its P13.5-billion bad assets after two failed attempts via the public auction route. The...
Banking
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