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                    [ArticleID] => 147253
                    [Title] => PNB set to get rid of P20-B bad assets through AMC
                    [Summary] => The Philippine National Bank (PNB) will get rid of about P20- billion worth of bad assets through the creation of an asset management company (AMC).


PNB president Feliciano Miranda said an initial P20 billion of the bank’s ROPOA (pertaining to the bank’s real and other properties owned or acquired) will be disposed of under an AMC in joint venture with one of several groups that have offered to put up such a facility.


                    [DatePublished] => 2002-01-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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LONE STAR ASIA-PACIFIC INVESTMENT LTD

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                    [ArticleID] => 147253
                    [Title] => PNB set to get rid of P20-B bad assets through AMC
                    [Summary] => The Philippine National Bank (PNB) will get rid of about P20- billion worth of bad assets through the creation of an asset management company (AMC).


PNB president Feliciano Miranda said an initial P20 billion of the bank’s ROPOA (pertaining to the bank’s real and other properties owned or acquired) will be disposed of under an AMC in joint venture with one of several groups that have offered to put up such a facility.


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abtest

PNB set to get rid of P20-B bad assets through AMC

By Rocel Felix | January 16, 2002 - 12:00am

The Philippine National Bank (PNB) will get rid of about P20- billion worth of bad assets through the creation of an asset management company (AMC). PNB president Feliciano Miranda said an initial P20 billion of...

Business