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                    [ArticleID] => 309144
                    [Title] => SPAV law spurs sale of P97B in non-performing assets by banks
                    [Summary] => Commercial banks have sold a combined P97 billion in non-performing assets to local and foreign institutions through the use of special purpose vehicles (SPVs), bringing down the industry’s NPL ratio to 9.1 percent, its lowest level since May 1998.


Jojo Salas, Director of Investment Properties & Capital Markets of CB Richard Ellis Philippines Inc., said the latest NPL ratio is 50 percent lower than its historical high of over 18 percent in 2002. 


                    [DatePublished] => 2005-11-28 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 291966
                    [Title] => Drilon pushes extension of SPV Act
                    [Summary] => Senate President Franklin Drilon has endorsed the extension of the Special Purpose Vehicle Act as a priority bill in cognizance of its benefit to the financial sector.


Drilon formally requested Senate ways and means committee chairman Ralph Recto, in a letter last Monday to prioritize consideration of the bills proposing the extension of Republic Act 9182 or the SPV Act.


                    [DatePublished] => 2005-08-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1500820
                    [AuthorName] => Marvin Sy

                    [SectionName] => Business
                    [SectionUrl] => business
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REAL AND OTHER PROPERTY OWNED

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                    [ArticleID] => 309144
                    [Title] => SPAV law spurs sale of P97B in non-performing assets by banks
                    [Summary] => Commercial banks have sold a combined P97 billion in non-performing assets to local and foreign institutions through the use of special purpose vehicles (SPVs), bringing down the industry’s NPL ratio to 9.1 percent, its lowest level since May 1998.


Jojo Salas, Director of Investment Properties & Capital Markets of CB Richard Ellis Philippines Inc., said the latest NPL ratio is 50 percent lower than its historical high of over 18 percent in 2002. 


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                    [ArticleID] => 291966
                    [Title] => Drilon pushes extension of SPV Act
                    [Summary] => Senate President Franklin Drilon has endorsed the extension of the Special Purpose Vehicle Act as a priority bill in cognizance of its benefit to the financial sector.


Drilon formally requested Senate ways and means committee chairman Ralph Recto, in a letter last Monday to prioritize consideration of the bills proposing the extension of Republic Act 9182 or the SPV Act.


                    [DatePublished] => 2005-08-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1500820
                    [AuthorName] => Marvin Sy

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abtest

SPAV law spurs sale of P97B in non-performing assets by banks

By Zinnia B. Dela Peña | November 28, 2005 - 12:00am

Commercial banks have sold a combined P97 billion in non-performing assets to local and foreign institutions through the use of special purpose vehicles (SPVs), bringing down the industry’s NPL ratio to 9.1...

Business

Drilon pushes extension of SPV Act

By Marvin Sy | August 17, 2005 - 12:00am

Senate President Franklin Drilon has endorsed the extension of the Special Purpose Vehicle Act as a priority bill in cognizance of its benefit to the financial sector. Drilon formally requested Senate ways and means...

Business