^
+ Follow BANCO SANTANDER CENTRAL HISPANO Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 367413
                    [Title] => BDO okays merger with EPCIB
                    [Summary] => 



Banco De Oro Universal Bank (BDO), the banking arm of retail tycoon Henry Sy’s SM Group of Companies, approved  yesterday a plan to merge with Equitable PCI Bank, creating the country’s second largest bank in terms of assets.

[DatePublished] => 2006-11-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 363423 [Title] => BSP okays SM Investments’ acquisition of EPCIB shares [Summary] => Investment holding firm SM Investments Corp. (SMIC) said the Bangko Sentral ng Pilipinas (BSP) has approved in principle its acquisition of more shares in Equitable PCI Bank (EPCIBank), the country’s third largest lender.

SMIC said in a disclosure to the Philippine Stock Exchange that it is now in the process of complying with the BSP’s requirements.
[DatePublished] => 2006-10-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 360499 [Title] => SMIC tender offer attracts EPCIB minority stockholders [Summary] => SM Investments Corp. (SMIC), the listed investment holding company of the group of retail tycoon Henry Sy, said minority shareholders of Equitable PCI Bank, accounting for 51.6 percent of the country’s third largest lender, tendered their shares at P92 per share for a total consideration of P34.49 billion.
[DatePublished] => 2006-09-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 357817 [Title] => SM allots P44B for EPCIB buyout [Summary] => SM Investments Corp. (SMIC), the listed investment holding company of retail tycoon Henry Sy, said it has enough resources to buy out other shareholders of Equitable PCIBank and that its solid financial position should speak for itself.

SMIC executive vice-president Jose Sio said the acquisition of EPCIBank, which is estimated to amount to P44.15 billion, would come from a combination of internally generated funds, sale of assets and borrowings.
[DatePublished] => 2006-09-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 216610 [Title] => BdO, Sta Lucia to develop 127-ha property [Summary] => The Banco de Oro Universal Bank (BdO) has entered into an agreement with Sta Lucia Realty and Development Inc. (SLRDI) for the development of a 127.086-hectare property for residential and commercial use.

Sta. Lucia is scheduled to undertake a study to determine the best use, development and business plan for the said property.

After the completion of the study, BdO and Sta. Lucia will then executive a joint venture agreement specifying the terms and conditions of the said project.

Early this year, BDO was involved in the formation of BdO Realty Corp. [DatePublished] => 2003-08-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 214560 [Title] => BdO income up 30% in H1 [Summary] => Banco de Oro Universal Bank recorded an unaudited net income of P654.9 million covering the first six months of 2003, or 30 percent better than the P503 million achieved in the same period last year.

The bank attributes the exceptional growth to marked increases in net interest income and the continued strong performance from fee-based activities.

Net interest income was at P1.65 billion, up P620 million or 60 percent from the year-ago levels.

Operating expenses totaled P2.17 billion, or higher by 75 percent compared to June 2002.
[DatePublished] => 2003-07-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [6] => Array ( [ArticleID] => 213819 [Title] => Banco de Oro buys Banco Santander for P2.56 billion [Summary] => Banco de Oro Universal Bank (BdO), the commercial banking unit of the SM Group, has acquired the high-end financial institution Banco Santander Philippines Inc. (BSPI) for P2.56 billion.

BSPI is the local subsidiary of foreign banker Banco Santander Central Hispano SA (BSCH).

Likewise, BdO Capital and Investment Corp. (BCIC), the wholly-owned investment house subsidiary of BdO, bought Santander Investment Securities Philippines Inc. (SISPI), the local stock brokerage arm of the Santander Group, for P28.4 million.
[DatePublished] => 2003-07-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 145995 [Title] => IMPSA assures RP project won’t be affected by Argentina crisis [Summary] => The CBK Power Co. Ltd. (CBK Power), the Philippine partnership between IMPSA (Industrias Metalurgicas Pescarmona SA) of Argentina and Edison Mission Energy of the United States, has expressed confidence that its operations in the Philippines will not be affected by the current economic and political turmoil in Argentina.

National Power Corp. (Napocor) chief operating officer Asisclo T. Gonzaga said yesterday he had met with some IMPSA officials recently and was informed that the company is willing to remain active in the domestic power industry.
[DatePublished] => 2002-01-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 83601 [Title] => Banco Santander’s income up in Quarter 1 [Summary] => MADRID — Banco Santander Central Hispano (BSCH) posted a net attributable income of $616.7 million for the first quarter of 2001, 38.3 percent higher than its earnings for the same period last year and 8.4 percent higher than in the fourth quarter.

The strong first quarter growth and increase in earnings of the Group is due to a prudent strategy in provisioning and a well-developed revenue diversification. Net interest income rose 41 percent to $2.226.8 billion, a result of increased volumes partly from newly acquired banks and also from improved margins.
[DatePublished] => 2001-07-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [9] => Array ( [ArticleID] => 96995 [Title] => DOJ opinion paves way for CBK financial closing [Summary] => The National Power Corp. turned over yesterday the Caliraya-Botocan-Kalayaan (CBK) hydroelectric project in Laguna province to CBK Power Co., Ltd., the Philippine partnership between IMPSA of Argentina and Edison Mission Energy of the United States.

The turnover was made after the current administration completed all the documentation required for the project, which allowed the financial institutions to achieve financial closure and disburse the initial amounts for the $460-million rehabilitation and expansion project.
[DatePublished] => 2001-02-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
BANCO SANTANDER CENTRAL HISPANO
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 367413
                    [Title] => BDO okays merger with EPCIB
                    [Summary] => 



Banco De Oro Universal Bank (BDO), the banking arm of retail tycoon Henry Sy’s SM Group of Companies, approved  yesterday a plan to merge with Equitable PCI Bank, creating the country’s second largest bank in terms of assets.

[DatePublished] => 2006-11-07 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 363423 [Title] => BSP okays SM Investments’ acquisition of EPCIB shares [Summary] => Investment holding firm SM Investments Corp. (SMIC) said the Bangko Sentral ng Pilipinas (BSP) has approved in principle its acquisition of more shares in Equitable PCI Bank (EPCIBank), the country’s third largest lender.

SMIC said in a disclosure to the Philippine Stock Exchange that it is now in the process of complying with the BSP’s requirements.
[DatePublished] => 2006-10-17 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [2] => Array ( [ArticleID] => 360499 [Title] => SMIC tender offer attracts EPCIB minority stockholders [Summary] => SM Investments Corp. (SMIC), the listed investment holding company of the group of retail tycoon Henry Sy, said minority shareholders of Equitable PCI Bank, accounting for 51.6 percent of the country’s third largest lender, tendered their shares at P92 per share for a total consideration of P34.49 billion.
[DatePublished] => 2006-09-30 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [3] => Array ( [ArticleID] => 357817 [Title] => SM allots P44B for EPCIB buyout [Summary] => SM Investments Corp. (SMIC), the listed investment holding company of retail tycoon Henry Sy, said it has enough resources to buy out other shareholders of Equitable PCIBank and that its solid financial position should speak for itself.

SMIC executive vice-president Jose Sio said the acquisition of EPCIBank, which is estimated to amount to P44.15 billion, would come from a combination of internally generated funds, sale of assets and borrowings.
[DatePublished] => 2006-09-13 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1804021 [AuthorName] => Zinnia B. Dela Peña [SectionName] => Business [SectionUrl] => business [URL] => ) [4] => Array ( [ArticleID] => 216610 [Title] => BdO, Sta Lucia to develop 127-ha property [Summary] => The Banco de Oro Universal Bank (BdO) has entered into an agreement with Sta Lucia Realty and Development Inc. (SLRDI) for the development of a 127.086-hectare property for residential and commercial use.

Sta. Lucia is scheduled to undertake a study to determine the best use, development and business plan for the said property.

After the completion of the study, BdO and Sta. Lucia will then executive a joint venture agreement specifying the terms and conditions of the said project.

Early this year, BDO was involved in the formation of BdO Realty Corp. [DatePublished] => 2003-08-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [5] => Array ( [ArticleID] => 214560 [Title] => BdO income up 30% in H1 [Summary] => Banco de Oro Universal Bank recorded an unaudited net income of P654.9 million covering the first six months of 2003, or 30 percent better than the P503 million achieved in the same period last year.

The bank attributes the exceptional growth to marked increases in net interest income and the continued strong performance from fee-based activities.

Net interest income was at P1.65 billion, up P620 million or 60 percent from the year-ago levels.

Operating expenses totaled P2.17 billion, or higher by 75 percent compared to June 2002.
[DatePublished] => 2003-07-22 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [6] => Array ( [ArticleID] => 213819 [Title] => Banco de Oro buys Banco Santander for P2.56 billion [Summary] => Banco de Oro Universal Bank (BdO), the commercial banking unit of the SM Group, has acquired the high-end financial institution Banco Santander Philippines Inc. (BSPI) for P2.56 billion.

BSPI is the local subsidiary of foreign banker Banco Santander Central Hispano SA (BSCH).

Likewise, BdO Capital and Investment Corp. (BCIC), the wholly-owned investment house subsidiary of BdO, bought Santander Investment Securities Philippines Inc. (SISPI), the local stock brokerage arm of the Santander Group, for P28.4 million.
[DatePublished] => 2003-07-16 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [7] => Array ( [ArticleID] => 145995 [Title] => IMPSA assures RP project won’t be affected by Argentina crisis [Summary] => The CBK Power Co. Ltd. (CBK Power), the Philippine partnership between IMPSA (Industrias Metalurgicas Pescarmona SA) of Argentina and Edison Mission Energy of the United States, has expressed confidence that its operations in the Philippines will not be affected by the current economic and political turmoil in Argentina.

National Power Corp. (Napocor) chief operating officer Asisclo T. Gonzaga said yesterday he had met with some IMPSA officials recently and was informed that the company is willing to remain active in the domestic power industry.
[DatePublished] => 2002-01-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) [8] => Array ( [ArticleID] => 83601 [Title] => Banco Santander’s income up in Quarter 1 [Summary] => MADRID — Banco Santander Central Hispano (BSCH) posted a net attributable income of $616.7 million for the first quarter of 2001, 38.3 percent higher than its earnings for the same period last year and 8.4 percent higher than in the fourth quarter.

The strong first quarter growth and increase in earnings of the Group is due to a prudent strategy in provisioning and a well-developed revenue diversification. Net interest income rose 41 percent to $2.226.8 billion, a result of increased volumes partly from newly acquired banks and also from improved margins.
[DatePublished] => 2001-07-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Banking [SectionUrl] => banking [URL] => ) [9] => Array ( [ArticleID] => 96995 [Title] => DOJ opinion paves way for CBK financial closing [Summary] => The National Power Corp. turned over yesterday the Caliraya-Botocan-Kalayaan (CBK) hydroelectric project in Laguna province to CBK Power Co., Ltd., the Philippine partnership between IMPSA of Argentina and Edison Mission Energy of the United States.

The turnover was made after the current administration completed all the documentation required for the project, which allowed the financial institutions to achieve financial closure and disburse the initial amounts for the $460-million rehabilitation and expansion project.
[DatePublished] => 2001-02-09 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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