REGION BANK

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                    [ArticleID] => 332653
                    [Title] => Plantersbank nets P600M
                    [Summary] => Planters Development Bank posted a net income of P600 million based on the newly-implemented International Accounting Standards (IAS) in 2005, the bank’s top official said.


Jesus P. Tambunting, Plantersbank chairman and CEO, said prior to the IAS adjustments, the bank made a P320-million profit last year, lower than the P400-million income in 2004.


He said they are looking at improving net earnings by another P350 million this year and by P500 million in 2007 as its loan portfolio continues to expand.


                    [DatePublished] => 2006-04-22 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
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                    [ArticleID] => 223367
                    [Title] => PlantersBank takes over Region Bank
                    [Summary] => Planters Development Bank (PlantersBank),  the country’s largest private development bank, takes over Region Bank effective today, Oct. 1, 2003, following the approval of Bangko Sentral ng Pilipinas and the Philippine Deposit Insurance Corp.


Region Bank, also known as Los Baños Rural Bank, was the largest rural bank in the country with total resources of P1.6 billion and a network of 11 branches in Laguna, Batangas and Muntinlupa.


                    [DatePublished] => 2003-10-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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                    [ArticleID] => 219606
                    [Title] => Plantersbank acquires Region Bank
                    [Summary] => Bangko Sentral ng Pilipinas Deputy Governor Alberto Reyes has announced that the BSP has approved Planters Development Bank’s (Plantersbank) acqusition of Region Bank (Los Baños Rural Bank, Inc.). 


Region Bank, the largest rural bank in the country, has gross assets of P1.6 billion and a network of 11 branches in Laguna, Batangas and Muntinlupa.


With the acquisition, Plantersbank will have total consolidated assets of P27 billion. The acquisition was also approved by the Philippine Deposit Insurance Corp. (PDIC).


                    [DatePublished] => 2003-09-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
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Plantersbank nets P600M

By Ted P. Torres | April 22, 2006 - 12:00am

Planters Development Bank posted a net income of P600 million based on the newly-implemented International Accounting Standards (IAS) in 2005, the bank’s top official said. Jesus P. Tambunting, Plantersbank...

Business

PlantersBank takes over Region Bank

October 7, 2003 - 12:00am

Planters Development Bank (PlantersBank), the country’s largest private development bank, takes over Region Bank effective today, Oct. 1, 2003, following the approval of Bangko Sentral ng Pilipinas and the...

Banking

Plantersbank acquires Region Bank

September 3, 2003 - 12:00am

Bangko Sentral ng Pilipinas Deputy Governor Alberto Reyes has announced that the BSP has approved Planters Development Bank’s (Plantersbank) acqusition of Region Bank (Los Baños Rural Bank, Inc.). Region...

Business