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                    [ArticleID] => 91862
                    [Title] => UCPB adopts creative solutions to turn idle assets around
                    [Summary] => What does a bank do with foreclosed properties of more than P10 billion?


The United Coconut Planters Bank (UCPB), among the major casualties of the 1997 Asian financial crisis was caught in the pits, saddled with real estate properties which their clients gave up, since they were unable to pay their loans.


But rather than let these assets stay idle and eventually deteriorate, UCPB sought creative solutions to turn these assets around.


                    [DatePublished] => 2001-07-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
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TAFT AND SENATOR GIL PUYAT AVENUES

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                    [ArticleID] => 91862
                    [Title] => UCPB adopts creative solutions to turn idle assets around
                    [Summary] => What does a bank do with foreclosed properties of more than P10 billion?


The United Coconut Planters Bank (UCPB), among the major casualties of the 1997 Asian financial crisis was caught in the pits, saddled with real estate properties which their clients gave up, since they were unable to pay their loans.


But rather than let these assets stay idle and eventually deteriorate, UCPB sought creative solutions to turn these assets around.


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                    [AuthorName] => Rocel Felix
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UCPB adopts creative solutions to turn idle assets around

By Rocel Felix | July 11, 2001 - 12:00am

What does a bank do with foreclosed properties of more than P10 billion? The United Coconut Planters Bank (UCPB), among the major casualties of the 1997 Asian financial crisis was caught in the pits, saddled with...

Business