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                    [ArticleID] => 244016
                    [Title] => BPI to auction P2B worth of bad assets
                    [Summary] => The Bank of the Philippine Islands (BPI) plans on putting about P2 billion in bad assets at the auction block, although this move may not involve a special purpose vehicle (SPV).


At their annual stockholders meeting, BPI president and chief executive officer Xavier P. Loinaz said that they would be disposing P2-billion worth of real and otherwise properties owned and acquired (ROPOA) and non-performing loans (NPLs).


Last year, the bank was able to dispose of bad assets worth P1.7 billion without an outside asset management group. 


                    [DatePublished] => 2004-03-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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JEANETTE WONG

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                    [ArticleID] => 244016
                    [Title] => BPI to auction P2B worth of bad assets
                    [Summary] => The Bank of the Philippine Islands (BPI) plans on putting about P2 billion in bad assets at the auction block, although this move may not involve a special purpose vehicle (SPV).


At their annual stockholders meeting, BPI president and chief executive officer Xavier P. Loinaz said that they would be disposing P2-billion worth of real and otherwise properties owned and acquired (ROPOA) and non-performing loans (NPLs).


Last year, the bank was able to dispose of bad assets worth P1.7 billion without an outside asset management group. 


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                    [ColumnID] => 133272
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                    [AuthorName] =>  Ted P. Torres
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abtest

BPI to auction P2B worth of bad assets

By Ted P. Torres | March 26, 2004 - 12:00am

The Bank of the Philippine Islands (BPI) plans on putting about P2 billion in bad assets at the auction block, although this move may not involve a special purpose vehicle (SPV). At their annual stockholders meeting,...

Business