+ Follow ALFREDO JAVELLANA Tag
ALFREDO JAVELLANA
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[ArticleID] => 222784
[Title] => Metrobank’s $130-M bond issue sold out
[Summary] => Metropolitan Bank & Trust Co. (Metrobank) has successfully raised $130 million yesterday in the international capital markets with a 10-year Lower Tier 2 bond issue. The bonds have been listed in Singapore and will pay a semi-annual coupon of 8.375 percent. The sub-debt issue was rated at the Philippine sovereign rating of Ba1 by Moody’s.
[DatePublished] => 2003-10-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[1] => Array
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[ArticleID] => 204574
[Title] => Metrobank targets 20% income growth this year
[Summary] => Despite a contraction during the first quarter, Metropolitan Bank and Trust Co. still expects its net income to grow by 20 percent to P3 billion for the whole of 2003, banking on several key measures among them the sale of its bad assets.
In the first three months this year, the country’s biggest banking network reported net earnings of P465 million which was 22.7 percent lower than the P602-million profit made in the same period last year.
[DatePublished] => 2003-05-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
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[ArticleID] => 173342
[Title] => Metrobank signs deal with Rabobank
[Summary] => Metrobank, the country’s largest bank, has concluded an agreement for the sale of over P16 billion worth of non-performing loans (NPLs) to Asia Recovery Corp.–an asset management company (AMC) set up on the basis of investments by a foreign group led by Rabobank Nederland.
The sale and purchase agreement, the first ever in the banking industry, and probably the largest in amount, has been submitted to the Bangko Sentral ng Pilipinas (BSP) for approval by the Monetary Board. Metrobank said that pending its approval, details of the agreement cannot be disclosed.
[DatePublished] => 2002-08-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[3] => Array
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[ArticleID] => 95897
[Title] => Metrobank net profit down 50%
[Summary] => Metropolitan Bank and Trust Co. (Metrobank) reported yesterday its net income in the first three months of the year plunged by 50 percent to P400 million from P800 million in the same period last year due to thinning spreads and the drag from non-performing loans (NPLs).
Bank chief finance officer Alfredo Javellana said the bank set aside provisions for loan losses at P200 million, with provisions likely to total P1 to P1.5 billion by year end.
[DatePublished] => 2001-04-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
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[ArticleID] => 109798
[Title] => Patricio pair rules Sherwood golf
[Summary] => The husband-and-wife tandem of Oscar and Nila Patricio carded a net eight-under-par 64 then nipped Butch Campos and Nini Samaniego in the countback for the Group I title in the recent monthly tournament for members of the Sherwood Hills Golf Club in Trece Martirez, Cavite.
Playing the exciting scramble format, the Patricios blended their shots well enough to match the score of the Samaniegos and prevailed by virtue of their better back nine score of 36.
Boy Escano and Peng Perez de Tagle placed third with a 65.
[DatePublished] => 2001-03-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Sports
[SectionUrl] => sports
[URL] =>
)
[5] => Array
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[ArticleID] => 98702
[Title] => PSBank not keen on foreign partner yet
[Summary] => The Philippine Savings Bank (PSBank), the thrift bank subsidiary of Metropolitan Bank and Trust Co. (Metrobank), is not keen on looking for a strategic foreign partner, a ranking PSBank official told The STAR yesterday.
"Not at all. We don’t need one (strategic foreign partner)", a PSBank official, who requested anonymity, said.
[DatePublished] => 2000-10-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 98690
[Title] => Metrobank to sell 20% stake in JHICP
[Summary] => The Metropolitan Bank and Trust Co. (Metrobank) Group is selling its 20-percent stake in John Hancock Insurance Corp. of the Philippines (JHICP) to its mother firm, US-based John Hancock Life Insurance Co.
"They (John Hancock of US) are the most likely buyer," Metrobank executive vice president Alfredo Javellana II told The STAR.
According to Javellana, the group is required to dispose of their stake in JHICP since they already have an insurance arm, Philippine Axa Life.
[DatePublished] => 2000-10-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
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[7] => Array
(
[ArticleID] => 99280
[Title] => Solidbank assets boost First Metro capital to P10 billion
[Summary] =>
First Metro Investment Corp., the investment arm of the Metropolitan Bank and
Trust Co.
[DatePublished] => 2000-06-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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October 2, 2003 - 12:00am
August 25, 2002 - 12:00am
October 30, 2000 - 12:00am
