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                    [DatePublished] => 2007-12-04 00:00:00
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                    [Title] => DBP disposes of P9.56-B worth of bad assets
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The Development Bank of the Philippines (DBP) has sold P9.56 billion worth of non-performing assets (NPAs) to help cushion the effects of Basel 2, a stricter banking regulatory measure to be globally imposed next year.


DBP president and chief executive officer Reynaldo G. David told reporters yesterday that the state-run bank sold the NPAs to international firm Lehman Brothers Asian Investment Ltd. last Oct. 16.


Of the sold NPAs, P5.82 billion were classified as non-performing loans (NPLs) while P3.74 billion were real and other properties acquired (ROPAs).


                    [DatePublished] => 2006-10-24 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
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LEHMAN BROTHERS ASIAN INVESTMENT LTD

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                    [Title] => DBP disposes of P9.56-B worth of bad assets
                    [Summary] => 



The Development Bank of the Philippines (DBP) has sold P9.56 billion worth of non-performing assets (NPAs) to help cushion the effects of Basel 2, a stricter banking regulatory measure to be globally imposed next year.


DBP president and chief executive officer Reynaldo G. David told reporters yesterday that the state-run bank sold the NPAs to international firm Lehman Brothers Asian Investment Ltd. last Oct. 16.


Of the sold NPAs, P5.82 billion were classified as non-performing loans (NPLs) while P3.74 billion were real and other properties acquired (ROPAs).


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                    [ColumnID] => 133272
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abtest

UCPB sells bad assets

December 4, 2007 - 12:00am

Banking

DBP disposes of P9.56-B worth of bad assets

By Ma. Elisa Osorio  | October 24, 2006 - 12:00am

The Development Bank of the Philippines (DBP) has sold P9.56 billion worth of non-performing assets (NPAs) to help cushion the effects of Basel 2, a stricter banking regulatory measure to be globally imposed...

Business