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                    [Title] => Sale of Prime Bank branches delayed
                    [Summary] => The sale of the remaining branches of Prime Savings Bank may be delayed due to some legal issues, Philippine Deposit Insurance Corp. (PDIC) sources told The STAR.


"There is a minor problem on the issue of relocation of branches. The Monetary Board (MB), the policy making body of the Bangko Sentral ng Pilipinas (BSP) is still tackling the legality issue," the sources said.


According to sources, the MB wants to resolve this issue first before giving the go signal for the sale of the 37 remaining branches of Prime Bank.


                    [DatePublished] => 2000-11-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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LUZON DEVELOPMENT BANK AND LEGASPI SAVINGS AND LOANS ASSOCIATION

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                    [ArticleID] => 98847
                    [Title] => Sale of Prime Bank branches delayed
                    [Summary] => The sale of the remaining branches of Prime Savings Bank may be delayed due to some legal issues, Philippine Deposit Insurance Corp. (PDIC) sources told The STAR.


"There is a minor problem on the issue of relocation of branches. The Monetary Board (MB), the policy making body of the Bangko Sentral ng Pilipinas (BSP) is still tackling the legality issue," the sources said.


According to sources, the MB wants to resolve this issue first before giving the go signal for the sale of the 37 remaining branches of Prime Bank.


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                    [ColumnID] => 133272
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Sale of Prime Bank branches delayed

November 16, 2000 - 12:00am

The sale of the remaining branches of Prime Savings Bank may be delayed due to some legal issues, Philippine Deposit Insurance Corp. (PDIC) sources told The STAR. "There is a minor problem on the issue of relocation...

Business