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                    [ArticleID] => 168411
                    [Title] => Cover your backs, BSP tells Benpres creditors
                    [Summary] => Banks that have exposures in Benpres Holdings Inc. have been directed to mark their loan loss provisions and valuation reserves to cover their backs in case the beleaguered company defaults on any of its P30-billion worth of  loans. 


The Bangko Sentral ng Pilipinas (BSP) issued the directive  after concluding a "quiet inquiry" into the exposure of the banking sector in Benpres which had defaulted twice on interest payments to the holders of some P2 billion worth of long term commercial papers. 


                    [DatePublished] => 2002-07-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] => Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
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MANILA NORTH TOLLWAY CORP AND BAYAN TELECOMMUNICATIONS INC

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                    [ArticleID] => 168411
                    [Title] => Cover your backs, BSP tells Benpres creditors
                    [Summary] => Banks that have exposures in Benpres Holdings Inc. have been directed to mark their loan loss provisions and valuation reserves to cover their backs in case the beleaguered company defaults on any of its P30-billion worth of  loans. 


The Bangko Sentral ng Pilipinas (BSP) issued the directive  after concluding a "quiet inquiry" into the exposure of the banking sector in Benpres which had defaulted twice on interest payments to the holders of some P2 billion worth of long term commercial papers. 


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abtest

Cover your backs, BSP tells Benpres creditors

By Des Ferriols | July 16, 2002 - 12:00am

Banks that have exposures in Benpres Holdings Inc. have been directed to mark their loan loss provisions and valuation reserves to cover their backs in case the beleaguered company defaults on any of its P30-billion...

Business