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                    [ArticleID] => 266071
                    [Title] => RCBC to register two to three more SPVs
                    [Summary] => The Rizal Commercial Banking Corp. (RCBC) will register two to three more special purpose vehicles (SPVs) after the initial sale of P3.9-billion worth of its non-performing loans (NPLs) to Lehman Brothers.


RCBC has total non-performing assets (NPAs) of P24 billion, composed of real and other properties owned and acquired (ROPOA) and NPLs.


                    [DatePublished] => 2004-10-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 262906
                    [Title] => Bankers seek 2-year extension of SPV incentives
                    [Summary] => The Bankers Association of the Philippines (BAP) is pushing for an extension of the grant of tax incentives offered under the Special Purpose Vehicle (SPV) Act of 2002 by at least two years, a ranking official said. 


BAP president Cesar Virata said they are coordinating with Congress for the possible amendment to the SPV law which would involve a simple revision or change in the Sept. 2004 expiration date to Sept. 2006 or 2007.


"It will be simple because all the rest of the provisions of the law will remain," Virata added.


                    [DatePublished] => 2004-08-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 259504
                    [Title] => BPI profit up 32% to P3.5B in first semester
                    [Summary] => The  Bank of  the Philippine Islands (BPI) posted a strong revenue growth in the first semester, pushing its net income 32 percent higher to P3.5 billion, from P2.6 billion during the same period in 2003. 


In a disclosure to the Philippine Stock Exchange (PSE), the country’s second biggest bank said that aside from higher revenues, its net interest income was up 23 percent due to improved spreads. 


                    [DatePublished] => 2004-07-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 258493
                    [Title] => BPI unloads P8.6-B NPLs to Morgan Stanley via SPV
                    [Summary] => The Bank of the Philippine Islands (BPI) has sold P8.6 billion in non-performing loans (NPLs) to Morgan Stanley Emerging Markets Inc., marking the first successful sale of a local expanded commercial bank to a foreign asset management company (AMC).


The sale was also the second attempt by the Ayala-led commercial bank, the first having failed due to differences in price and discounts.


                    [DatePublished] => 2004-07-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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MORGAN STANLEY EMERGING MARKETS INC

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                    [ArticleID] => 266071
                    [Title] => RCBC to register two to three more SPVs
                    [Summary] => The Rizal Commercial Banking Corp. (RCBC) will register two to three more special purpose vehicles (SPVs) after the initial sale of P3.9-billion worth of its non-performing loans (NPLs) to Lehman Brothers.


RCBC has total non-performing assets (NPAs) of P24 billion, composed of real and other properties owned and acquired (ROPOA) and NPLs.


                    [DatePublished] => 2004-10-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 262906
                    [Title] => Bankers seek 2-year extension of SPV incentives
                    [Summary] => The Bankers Association of the Philippines (BAP) is pushing for an extension of the grant of tax incentives offered under the Special Purpose Vehicle (SPV) Act of 2002 by at least two years, a ranking official said. 


BAP president Cesar Virata said they are coordinating with Congress for the possible amendment to the SPV law which would involve a simple revision or change in the Sept. 2004 expiration date to Sept. 2006 or 2007.


"It will be simple because all the rest of the provisions of the law will remain," Virata added.


                    [DatePublished] => 2004-08-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 259504
                    [Title] => BPI profit up 32% to P3.5B in first semester
                    [Summary] => The  Bank of  the Philippine Islands (BPI) posted a strong revenue growth in the first semester, pushing its net income 32 percent higher to P3.5 billion, from P2.6 billion during the same period in 2003. 


In a disclosure to the Philippine Stock Exchange (PSE), the country’s second biggest bank said that aside from higher revenues, its net interest income was up 23 percent due to improved spreads. 


                    [DatePublished] => 2004-07-31 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 258493
                    [Title] => BPI unloads P8.6-B NPLs to Morgan Stanley via SPV
                    [Summary] => The Bank of the Philippine Islands (BPI) has sold P8.6 billion in non-performing loans (NPLs) to Morgan Stanley Emerging Markets Inc., marking the first successful sale of a local expanded commercial bank to a foreign asset management company (AMC).


The sale was also the second attempt by the Ayala-led commercial bank, the first having failed due to differences in price and discounts.


                    [DatePublished] => 2004-07-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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)

abtest

RCBC to register two to three more SPVs

By Ted P. Torres | October 13, 2004 - 12:00am

The Rizal Commercial Banking Corp. (RCBC) will register two to three more special purpose vehicles (SPVs) after the initial sale of P3.9-billion worth of its non-performing loans (NPLs) to Lehman Brothers. RCBC...

Business

Bankers seek 2-year extension of SPV incentives

By Ted P. Torres | August 28, 2004 - 12:00am

The Bankers Association of the Philippines (BAP) is pushing for an extension of the grant of tax incentives offered under the Special Purpose Vehicle (SPV) Act of 2002 by at least two years, a ranking official said....

Business

BPI profit up 32% to P3.5B in first semester

By Rocel Felix | July 31, 2004 - 12:00am

The Bank of the Philippine Islands (BPI) posted a strong revenue growth in the first semester, pushing its net income 32 percent higher to P3.5 billion, from P2.6 billion during the same period in 2003. In a...

Business

BPI unloads P8.6-B NPLs to Morgan Stanley via SPV

By Ted P. Torres | July 23, 2004 - 12:00am

The Bank of the Philippine Islands (BPI) has sold P8.6 billion in non-performing loans (NPLs) to Morgan Stanley Emerging Markets Inc., marking the first successful sale of a local expanded commercial bank to a foreign...

Business