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                    [ArticleID] => 99171
                    [Title] => Foreign investors seen acquiring local banks
                    [Summary] => 

Several European and Asian banks have signified interest in acquiring full
ownership of local banks as this is now allowed under the new General Banking
Act (GBA) scheduled for signing today at Malacañang, Bangko Sentral ng
Pilipinas (BSP) Gov. Rafael Buenaventura said yesterday.

"There are some already, mostly European and Asian banks. American banks are
already well represented here," Buenventura said.

President Estrada will sign today the amendments to the 50-year old GBA.
                    [DatePublished] => 2000-05-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1197311
                    [AuthorName] => by Jun Ebias
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

JUN EIBIAS

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                    [ArticleID] => 99171
                    [Title] => Foreign investors seen acquiring local banks
                    [Summary] => 

Several European and Asian banks have signified interest in acquiring full
ownership of local banks as this is now allowed under the new General Banking
Act (GBA) scheduled for signing today at Malacañang, Bangko Sentral ng
Pilipinas (BSP) Gov. Rafael Buenaventura said yesterday.

"There are some already, mostly European and Asian banks. American banks are
already well represented here," Buenventura said.

President Estrada will sign today the amendments to the 50-year old GBA.
                    [DatePublished] => 2000-05-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1197311
                    [AuthorName] => by Jun Ebias
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest

Foreign investors seen acquiring local banks

By by Jun Ebias | May 23, 2000 - 12:00am

Several European and Asian banks have signified interest in acquiring full ownership of local banks as this is now allowed under the new General Banking Act (GBA) scheduled for signing today at Malacañang,...

Business