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                    [ArticleID] => 234986
                    [Title] => Luzon Development Bank  gross income hit P35M
                    [Summary] => The Luzon Development Bank (LDB) recorded a gross income of P35 million last year, or over a 25-percent drop from the P44 million recorded in 2002.


However, the drop was due mainly to increased provisioning for loan losses of up to P14 million.


Bank president Tom V. Clemente Jr. explained that the after tax income figure could only be 10 to 15 percent lower than the net income recorded in 2002. Exact figures were still unavailable as of presstime.


                    [DatePublished] => 2004-01-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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)

TOM V

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    [results] => Array
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                    [ArticleID] => 234986
                    [Title] => Luzon Development Bank  gross income hit P35M
                    [Summary] => The Luzon Development Bank (LDB) recorded a gross income of P35 million last year, or over a 25-percent drop from the P44 million recorded in 2002.


However, the drop was due mainly to increased provisioning for loan losses of up to P14 million.


Bank president Tom V. Clemente Jr. explained that the after tax income figure could only be 10 to 15 percent lower than the net income recorded in 2002. Exact figures were still unavailable as of presstime.


                    [DatePublished] => 2004-01-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

        )

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abtest

Luzon Development Bank gross income hit P35M

January 13, 2004 - 12:00am

The Luzon Development Bank (LDB) recorded a gross income of P35 million last year, or over a 25-percent drop from the P44 million recorded in 2002. However, the drop was due mainly to increased provisioning for...

Banking