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+ Follow MANILA NORTH TOLLWAY CORP AND BAYAN TELECOMMUNICATIONS INC Tag
Array ( [results] => Array ( [0] => Array ( [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 [URL] => ) ) )
MANILA NORTH TOLLWAY CORP AND BAYAN TELECOMMUNICATIONS INC
Array ( [results] => Array ( [0] => Array ( [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 [URL] => ) ) )
abtest
By Des Ferriols | July 16, 2002 - 12:00am
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