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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 243657 [Title] => PDIC seeks CFIEP extension [Summary] => The Philippine Deposit Insurance Corp. (PDIC) wants an extension of the third module of the Countryside Financial Institution Enhancement Program (CFIEP). The said module offers incentives for mergers, acquisitions or consolidation of qualified CFIs.
PDIC officials admitted that they have already forwarded a memorandum to the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) recommending further extension of the program.
[DatePublished] => 2004-03-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [1] => Array ( [ArticleID] => 241991 [Title] => PDIC net income drops to P300M [Summary] => The Philippine Deposit Insurance Corp. (PDIC) reported a drastic drop in profit last year to P300 million, from P3.8 billion in 2002, as it set aside a substantial amount for provisioning for possible losses in its exposure in the banking system.
As a government arm, the PDIC was established for the protection of small bank depositors through deposit insurance, hence helping promote confidence in the stability of the domestic banking system. It is directly under the supervision of the Bangko Sentral ng Pilipinas (BSP).
[DatePublished] => 2004-03-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
NOEMI R
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 243657 [Title] => PDIC seeks CFIEP extension [Summary] => The Philippine Deposit Insurance Corp. (PDIC) wants an extension of the third module of the Countryside Financial Institution Enhancement Program (CFIEP). The said module offers incentives for mergers, acquisitions or consolidation of qualified CFIs.
PDIC officials admitted that they have already forwarded a memorandum to the Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) recommending further extension of the program.
[DatePublished] => 2004-03-23 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Banking [SectionUrl] => banking [URL] => ) [1] => Array ( [ArticleID] => 241991 [Title] => PDIC net income drops to P300M [Summary] => The Philippine Deposit Insurance Corp. (PDIC) reported a drastic drop in profit last year to P300 million, from P3.8 billion in 2002, as it set aside a substantial amount for provisioning for possible losses in its exposure in the banking system.
As a government arm, the PDIC was established for the protection of small bank depositors through deposit insurance, hence helping promote confidence in the stability of the domestic banking system. It is directly under the supervision of the Bangko Sentral ng Pilipinas (BSP).
[DatePublished] => 2004-03-10 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
abtest
By Ted P. Torres | March 23, 2004 - 12:00am
By Ted P. Torres | March 10, 2004 - 12:00am
Recommended
The Insurance Commission has placed health maintenance organization Stotsenberg Healthcare Systems Inc.under conservatorship amid its inability to address requirements from the government.
1 day ago
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