+ Follow MACULUS FUND Tag
MACULUS FUND
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 353347
[Title] => RCBC sells P130M worth of foreclosed assets
[Summary] =>
The Yuchengco-owned Rizal Commercial Banking Corp. (RCBC) has disposed of P130-million worth of foreclosed assets in two public auctions.
The successful sale held two weeks ago encouraged the bank to proceed with more asset sales not only in Metro Manila but also in key cities across the country.
The ROPAs are 50 properties from its inventory of acquired residential and commercial lots in greater Manila area. Real estate service provider CB Richard Ellis is the auction manager for most of its foreclosed assets.
[DatePublished] => 2006-08-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 332507
[Title] => RCBC to dispose of P300-M bad assets
[Summary] => The Yuchengco-controlled Rizal Commercial and Banking Corp. (RCBC) is disposing of P300 million worth of real or other properties acquired (ROPA) through a public auction, enlisting the services of real estate consultancy firm CB Richard Ellis (CBRE) as auction manager.
RCBC senior vice president and asset management group head Adeline Carbonell said the auction, scheduled on May 18, is the first in a series of public auctions to liquidate the bank’s inventory of ROPA.
[DatePublished] => 2006-04-21 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 317230
[Title] => RCBC raising P5B in additional capital
[Summary] => The Rizal Commercial Banking Corp. (RCBC) is raising up to P5 billion in additional capital to meet the requirements of regulators as well as finance its expansion plans.
Owned by the Yuchengco Group, RCBC plans to raise the amount through the issuance of preferred shares, the sale of non-performing assets (NPAs) with the help of the Special Purpose Vehicle Law (SPV Law), public auctions, and the entry of new partners.
[DatePublished] => 2006-01-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
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