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                    [ArticleID] => 273481
                    [Title] => UCPB sells P11.9B worth of NPLs
                    [Summary] => United Coconut Planters Bank (UCPB) has successfully sold some P11.9 billion worth of non-performing loans (NPLs) to an affiliate of Amroc Investments Ltd., one of the world’s biggest investor in distressed debt and recovery. 


Beating the April deadline for the incentives available to banks unloading their bad loans and bad assets, UCPB held its auction late Friday and sold the entire block of NPLs to Avenue Asia Special Situation Fund III, a fund pool affiliated with Amroc. 


                    [DatePublished] => 2005-04-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] => Des  Ferriols
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AVENUE ASIA SPECIAL SITUATION FUND

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                    [ArticleID] => 273481
                    [Title] => UCPB sells P11.9B worth of NPLs
                    [Summary] => United Coconut Planters Bank (UCPB) has successfully sold some P11.9 billion worth of non-performing loans (NPLs) to an affiliate of Amroc Investments Ltd., one of the world’s biggest investor in distressed debt and recovery. 


Beating the April deadline for the incentives available to banks unloading their bad loans and bad assets, UCPB held its auction late Friday and sold the entire block of NPLs to Avenue Asia Special Situation Fund III, a fund pool affiliated with Amroc. 


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abtest

UCPB sells P11.9B worth of NPLs

By Des Ferriols | April 11, 2005 - 12:00am

United Coconut Planters Bank (UCPB) has successfully sold some P11.9 billion worth of non-performing loans (NPLs) to an affiliate of Amroc Investments Ltd., one of the world’s biggest investor in distressed...

Business