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                    [ArticleID] => 149064
                    [Title] => NPL level of RP banks seen to peak at 21% in 3rd quarter this year
                    [Summary] => The level of non-performing loans (NPLs) of the country’s banking system is seen to peak at 21 percent by the third quarter this year, according to  a global investment banker.


In an interview yesterday, Salomon Smith Barney (SSB) Asia Pacific Ltd. vice president Bradford K. Ti said their estimate was based on the expected performance of the Philippine economy vis-à-vis that of the US economy.


"Much  will also depend on how the asset management committees (AMCs) will be able to operate this year," Ti added.


                    [DatePublished] => 2002-02-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 144846
                    [Title] => ADB urges government to allow banks to form AMC
                    [Summary] => The Asian Development Bank (ADB) wants the national government to stay clear of the banking sector’s attempt to form an asset management committee (AMCs) to rid the system of bad debts.


In an interview, ADB director of the Philippine office Dr. Gunther Hecker said government involvement calling it a "morale hazard."


"It is a problem of morale hazard if the government is allowed to enter into the picture. It would be a more welcome development for the private sector to be on top of this situation," Hecker pointed out.


                    [DatePublished] => 2001-12-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 131916
                    [Title] => Government acts to make idle assets more attractiv
                    [Summary] => Finance Secretary Jose Camacho said yesterday the government will propose amending tax laws to help bring down the disposal cost of foreclosed assets held by commercial banks. 


"We would like to propose a law to help asset management companies (AMCs) bring down the cost of restructuring. We would like the Congress to take a look at the six-percent capital gains tax and see how we can help banks dispose of their bad assets," Camacho told a Senate budget hearing. 


                    [DatePublished] => 2001-08-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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AMCS

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    [results] => Array
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                    [ArticleID] => 149064
                    [Title] => NPL level of RP banks seen to peak at 21% in 3rd quarter this year
                    [Summary] => The level of non-performing loans (NPLs) of the country’s banking system is seen to peak at 21 percent by the third quarter this year, according to  a global investment banker.


In an interview yesterday, Salomon Smith Barney (SSB) Asia Pacific Ltd. vice president Bradford K. Ti said their estimate was based on the expected performance of the Philippine economy vis-à-vis that of the US economy.


"Much  will also depend on how the asset management committees (AMCs) will be able to operate this year," Ti added.


                    [DatePublished] => 2002-02-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 144846
                    [Title] => ADB urges government to allow banks to form AMC
                    [Summary] => The Asian Development Bank (ADB) wants the national government to stay clear of the banking sector’s attempt to form an asset management committee (AMCs) to rid the system of bad debts.


In an interview, ADB director of the Philippine office Dr. Gunther Hecker said government involvement calling it a "morale hazard."


"It is a problem of morale hazard if the government is allowed to enter into the picture. It would be a more welcome development for the private sector to be on top of this situation," Hecker pointed out.


                    [DatePublished] => 2001-12-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 131916
                    [Title] => Government acts to make idle assets more attractiv
                    [Summary] => Finance Secretary Jose Camacho said yesterday the government will propose amending tax laws to help bring down the disposal cost of foreclosed assets held by commercial banks. 


"We would like to propose a law to help asset management companies (AMCs) bring down the cost of restructuring. We would like the Congress to take a look at the six-percent capital gains tax and see how we can help banks dispose of their bad assets," Camacho told a Senate budget hearing. 


                    [DatePublished] => 2001-08-30 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

NPL level of RP banks seen to peak at 21% in 3rd quarter this year

By Ted P. Torres | February 1, 2002 - 12:00am

The level of non-performing loans (NPLs) of the country’s banking system is seen to peak at 21 percent by the third quarter this year, according to a global investment banker. In an interview yesterday, Salomon...

Business

ADB urges government to allow banks to form AMC

By Ted P. Torres | December 25, 2001 - 12:00am

The Asian Development Bank (ADB) wants the national government to stay clear of the banking sector’s attempt to form an asset management committee (AMCs) to rid the system of bad debts. In an interview, ADB...

Banking

Government acts to make idle assets more attractiv

August 30, 2001 - 12:00am

Finance Secretary Jose Camacho said yesterday the government will propose amending tax laws to help bring down the disposal cost of foreclosed assets held by commercial banks. "We would like to propose a law...

Business