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Array ( [results] => Array ( [0] => Array ( [ArticleID] => 193290 [Title] => PNB trims loss by 54% in 2002 [Summary] => Philippine National Bank, the country fourth-largest lender said yesterday it trimmed itS net loss by 54 percent in 2002 to P1.9 billion due to effective cost-cutting measures.
The bank posted a net loss of P1.1 billion in 2001.
In a statement, PNB said the full-year figure came in better than expected and was lower than its target of a P3.1-billion net loss for 2002.
"The improved performance was due to significant headway made by the bank in implementing various revenue generating and cost-cutting initiatives during the past seven months," it said. [DatePublished] => 2003-01-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 186654 [Title] => PNB sees big drop in its bad loans ratio [Summary] => The Philippine National Bank (PNB) projects that the level of its non-performing loans (NPL) will drop by another P8-billion by the first quarter next year, reducing the banks bad loans to P35 billion from P43 billion at the start of 2002. PNB ended 2001 with a total of P54 billion in bad loans.
The "soon-to-be recovered" P8 billion will come from the P4.8-billion loan of the debt-ridden National Steel Corp. (NSC) and another P4 billion from Citra Metro Manila Tollways Corp.
[DatePublished] => 2002-12-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
PETRON PLAZA
Array ( [results] => Array ( [0] => Array ( [ArticleID] => 193290 [Title] => PNB trims loss by 54% in 2002 [Summary] => Philippine National Bank, the country fourth-largest lender said yesterday it trimmed itS net loss by 54 percent in 2002 to P1.9 billion due to effective cost-cutting measures.
The bank posted a net loss of P1.1 billion in 2001.
In a statement, PNB said the full-year figure came in better than expected and was lower than its target of a P3.1-billion net loss for 2002.
"The improved performance was due to significant headway made by the bank in implementing various revenue generating and cost-cutting initiatives during the past seven months," it said. [DatePublished] => 2003-01-29 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1097672 [AuthorName] => Ted P. Torres [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 186654 [Title] => PNB sees big drop in its bad loans ratio [Summary] => The Philippine National Bank (PNB) projects that the level of its non-performing loans (NPL) will drop by another P8-billion by the first quarter next year, reducing the banks bad loans to P35 billion from P43 billion at the start of 2002. PNB ended 2001 with a total of P54 billion in bad loans.
The "soon-to-be recovered" P8 billion will come from the P4.8-billion loan of the debt-ridden National Steel Corp. (NSC) and another P4 billion from Citra Metro Manila Tollways Corp.
[DatePublished] => 2002-12-05 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) ) )
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By Ted P. Torres | January 29, 2003 - 12:00am
December 5, 2002 - 12:00am
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