^
+ Follow ASSET POOL A Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 330079
                    [Title] => BPI sells P6.3B of NPLs to Avenue Asia
                    [Summary] => Ayala-owned Bank of the Philippine Islands (BPI) has unloaded another P6.3 billion worth of non-performing loans (NPLs) through a sale and purchase agreement with Avenue Asia, a leading player in the distressed asset market in the US.


BPI has so far sold a total of P17.3 billion in NPLs in wholesale transactions. It has averaged a little over P2 billion in annual retail transactions in the past three years.

In 2004, it sold P8.6 billion in NPLs to Morgan Stanley in a landmark transaction under the Special Purpose Vehicle (SPV) Law.
[DatePublished] => 2006-04-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 288612 [Title] => BPI sells P2.4-B bad loans to US fund manager [Summary] => The Bank of the Philippine Islands (BPI) has sold P2.4 billion worth of non-performing loans (NPLs) to Asset Pool A (SPV-AMC) Inc. and Avenue Asia Special Situations Fund III L.P., both managed by the Avenue Capital Group, a leader in the distressed asset market in the United States.

The NPL sale is the second transaction undertaken by the universal bank of the Ayala Group following the sale last year of P8.6 billion worth of NPLs to Philippine Asset Investment (SPV-AMC) Inc.
[DatePublished] => 2005-07-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
ASSET POOL A
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 330079
                    [Title] => BPI sells P6.3B of NPLs to Avenue Asia
                    [Summary] => Ayala-owned Bank of the Philippine Islands (BPI) has unloaded another P6.3 billion worth of non-performing loans (NPLs) through a sale and purchase agreement with Avenue Asia, a leading player in the distressed asset market in the US.


BPI has so far sold a total of P17.3 billion in NPLs in wholesale transactions. It has averaged a little over P2 billion in annual retail transactions in the past three years.

In 2004, it sold P8.6 billion in NPLs to Morgan Stanley in a landmark transaction under the Special Purpose Vehicle (SPV) Law.
[DatePublished] => 2006-04-06 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 288612 [Title] => BPI sells P2.4-B bad loans to US fund manager [Summary] => The Bank of the Philippine Islands (BPI) has sold P2.4 billion worth of non-performing loans (NPLs) to Asset Pool A (SPV-AMC) Inc. and Avenue Asia Special Situations Fund III L.P., both managed by the Avenue Capital Group, a leader in the distressed asset market in the United States.

The NPL sale is the second transaction undertaken by the universal bank of the Ayala Group following the sale last year of P8.6 billion worth of NPLs to Philippine Asset Investment (SPV-AMC) Inc.
[DatePublished] => 2005-07-28 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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