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                    [ArticleID] => 192759
                    [Title] => IFC, ADB mull joint venture to buy banks’ bad debts
                    [Summary] => The International Finance Corp. (IFC) said yesterday it plans to set up a joint venture with the Asian Development Bank (ADB) and other partners to buy bad debts from Philippine banks. 


The details of the plan will be finalized after the government releases regulations for so-called special purpose asset vehicles (SPAVs) or asset management companies authorized to acquire and invest in banks’ non-performing loans. 


                    [DatePublished] => 2003-01-25 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
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                    [ArticleID] => 192759
                    [Title] => IFC, ADB mull joint venture to buy banks’ bad debts
                    [Summary] => The International Finance Corp. (IFC) said yesterday it plans to set up a joint venture with the Asian Development Bank (ADB) and other partners to buy bad debts from Philippine banks. 


The details of the plan will be finalized after the government releases regulations for so-called special purpose asset vehicles (SPAVs) or asset management companies authorized to acquire and invest in banks’ non-performing loans. 


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abtest

IFC, ADB mull joint venture to buy banks’ bad debts

January 25, 2003 - 12:00am

The International Finance Corp. (IFC) said yesterday it plans to set up a joint venture with the Asian Development Bank (ADB) and other partners to buy bad debts from Philippine banks. The details of the plan will...

Business