+ Follow UNITRUST DEVELOPMENT BANK Tag
Array
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[0] => Array
(
[ArticleID] => 2046944
[Title] => UDB’s battle continues
[Summary] => The Office of the Ombudsman is set to investigate what is claimed to be a baseless and unfair closure of Unitrust Development Bank more than a decade ago.
[DatePublished] => 2020-10-04 00:00:00
[ColumnID] => 134315
[Focus] => 1
[AuthorID] => 1805465
[AuthorName] => Mary Ann LL. Reyes
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 1181061
[Title] => PDIC to settle part of Unitrust’s deposit claims Sept 9
[Summary] => Part of the deposit claims of the shuttered Unitrust Development Bank (Unitrust) will be settled on Sept. 9, the Philippine Deposit Insurance Corp. said yesterday.
[DatePublished] => 2013-09-07 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1437958
[AuthorName] => Kathlee A. Martin
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 252030
[Title] => Unitrust being readied for liquidation by PDIC
[Summary] => Unitrust Development Bank (Unitrust) is being readied for liquidation by the Philippine Deposit Insurance Corp (PDIC), closing the book on the bank that sank in 2002 after the take-over of controversial Japanese investor, Genta Ogami.
PDIC president Ricardo Tan said over the weekend that Unitrust is about to be tabled for liquidation pending the final approval of the PDIC board of directors.
[DatePublished] => 2004-05-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 172335
[Title] => PDIC stopped from selling Unitrust assets
[Summary] => The Makati Regional Trial Court has issued an order stopping the Philippine Deposit Insurance Corp. (PDIC) from selling the assets of Unitrust Development Bank.
The temporary restraining order (TRO) will be in effect for 20 days starting on Aug. 14.
The court also ordered the PDIC to refrain from awarding or accepting "the rehabilitation program of Philippine Bank of Communications (PBCom) without the requisite stockholders’ approval."
[DatePublished] => 2002-08-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 171906
[Title] => PDIC starts rebid of Unitrust rehab
[Summary] => The Philippine Deposit Insurance Corp. (PDIC) announced yesterday that it will start accepting applications to prequalify for the rebidding of the rehabilitation of Unitrust Development Bank, Inc. (Unitrust) on Aug. 12 until Aug. 15, 2002.
In an open invitation, PDIC called on all interested parties to signify their intent to rehabilitate Unitrust by coordinating with PDIC’s Risk Management Group III for the list of prequalification documents and biding guidelines. All prequalification requirements should be submitted on Aug. 15, 2002.
[DatePublished] => 2002-08-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[5] => Array
(
[ArticleID] => 169884
[Title] => PBCom still bidding for Unitrust
[Summary] => The Philippine Bank of Communications (PBCom) has not formally withdrawn its bid to acquire Unitrust Development Bank (Unitrust), but has expressed apprehension in completing certain requirements of the Philippine Deposit Insurance Corp. (PDIC), the receiver of the troubled bank.
In an official communication, PBCom said that it was apprehensive about meeting the Aug. 4 deadline set by the PDIC for completion of the documentary requirements for PBCom’s rehabilitation plan for Unitrust.
[DatePublished] => 2002-07-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 169541
[Title] => Yuseco group mulls judicial rehab for United Overseas Bank
[Summary] => A group claiming to own and control the beleaguered Unitrust Development Bank (Unitrust) is threatening to seek judicial rehabilitation after the Philippine Deposit Insurance Corp. (PDIC) rejected its rehabilitation proposal.
A group led by Francis R. Yuseco, Leopoldo J. Valcarcel and lawyer Fred L. Gutierrez said they would seek judicial rehabilitation from the civil courts if the PDIC, receiver of the troubled commercial bank, does not recognize their proposal. Gutierrez claims to represent the holdings of G. Cosmos Philippines.
[DatePublished] => 2002-07-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 155472
[Title] => Ogami nakatakas na ng RP; HDO nawalan ng silbi
[Summary] => Nawalan nang silbi ang ipinalabas na Hold Departure Order kamakalawa ng Department of Justice matapos na makatakas palabas ng bansa ang Japanese businessman na si Genta Ogami, isang araw matapos ang HDO laban sa kanya.
Nabatid mula sa isang mapagkakatiwalaang impormante, nakalusot si Ogami palabas ng Pilipinas, ito’y dahil na rin umano sa hindi agad nasampahan ng kaukulang kaso sa mababang hukuman ang naturang negosyante.
[DatePublished] => 2002-03-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Bansa
[SectionUrl] => bansa
[URL] =>
)
[8] => Array
(
[ArticleID] => 149383
[Title] => BSP to tighten rules on loan exposure
[Summary] => The Bangko Sentral ng Pilipinas (BSP) plans to reduce the maximum permitted exposure of commercial banks to a single borrower as part of its measures to strengthen the banking system and prevent bank failures, a senior bank official said.
The bank also plans to revise its definition of a single borrower to prevent loan defaults arising from a company’s affiliate groups.
"There are discussions on whether we should define a single corporate borrower as just the company or the parent company," Alberto Reyes, BSP deputy governor, told reporters.
[DatePublished] => 2002-02-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 148198
[Title] => 3 banks, 2 other groups eye Unitrust Bank
[Summary] => At least three local thrift banks and the two groups squabbling over closed Unitrust Development Bank have expressed interest in acquiring the bank.
Meanwhile, preliminary investigation by the Philippine Deposit Insurance Corp. (PDIC) showed the bank is still solvent even if its capital is less than the minimum requirement for a thrift bank and there is a good possibility the bank can be rehabilitated.
Nazareno, however, declined to named the three local thrift banks interested in getting Unitrust.
[DatePublished] => 2002-01-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
UNITRUST DEVELOPMENT BANK
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 2046944
[Title] => UDB’s battle continues
[Summary] => The Office of the Ombudsman is set to investigate what is claimed to be a baseless and unfair closure of Unitrust Development Bank more than a decade ago.
[DatePublished] => 2020-10-04 00:00:00
[ColumnID] => 134315
[Focus] => 1
[AuthorID] => 1805465
[AuthorName] => Mary Ann LL. Reyes
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 1181061
[Title] => PDIC to settle part of Unitrust’s deposit claims Sept 9
[Summary] => Part of the deposit claims of the shuttered Unitrust Development Bank (Unitrust) will be settled on Sept. 9, the Philippine Deposit Insurance Corp. said yesterday.
[DatePublished] => 2013-09-07 00:00:00
[ColumnID] => 0
[Focus] => 0
[AuthorID] => 1437958
[AuthorName] => Kathlee A. Martin
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 252030
[Title] => Unitrust being readied for liquidation by PDIC
[Summary] => Unitrust Development Bank (Unitrust) is being readied for liquidation by the Philippine Deposit Insurance Corp (PDIC), closing the book on the bank that sank in 2002 after the take-over of controversial Japanese investor, Genta Ogami.
PDIC president Ricardo Tan said over the weekend that Unitrust is about to be tabled for liquidation pending the final approval of the PDIC board of directors.
[DatePublished] => 2004-05-31 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 172335
[Title] => PDIC stopped from selling Unitrust assets
[Summary] => The Makati Regional Trial Court has issued an order stopping the Philippine Deposit Insurance Corp. (PDIC) from selling the assets of Unitrust Development Bank.
The temporary restraining order (TRO) will be in effect for 20 days starting on Aug. 14.
The court also ordered the PDIC to refrain from awarding or accepting "the rehabilitation program of Philippine Bank of Communications (PBCom) without the requisite stockholders’ approval."
[DatePublished] => 2002-08-17 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 171906
[Title] => PDIC starts rebid of Unitrust rehab
[Summary] => The Philippine Deposit Insurance Corp. (PDIC) announced yesterday that it will start accepting applications to prequalify for the rebidding of the rehabilitation of Unitrust Development Bank, Inc. (Unitrust) on Aug. 12 until Aug. 15, 2002.
In an open invitation, PDIC called on all interested parties to signify their intent to rehabilitate Unitrust by coordinating with PDIC’s Risk Management Group III for the list of prequalification documents and biding guidelines. All prequalification requirements should be submitted on Aug. 15, 2002.
[DatePublished] => 2002-08-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[5] => Array
(
[ArticleID] => 169884
[Title] => PBCom still bidding for Unitrust
[Summary] => The Philippine Bank of Communications (PBCom) has not formally withdrawn its bid to acquire Unitrust Development Bank (Unitrust), but has expressed apprehension in completing certain requirements of the Philippine Deposit Insurance Corp. (PDIC), the receiver of the troubled bank.
In an official communication, PBCom said that it was apprehensive about meeting the Aug. 4 deadline set by the PDIC for completion of the documentary requirements for PBCom’s rehabilitation plan for Unitrust.
[DatePublished] => 2002-07-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 169541
[Title] => Yuseco group mulls judicial rehab for United Overseas Bank
[Summary] => A group claiming to own and control the beleaguered Unitrust Development Bank (Unitrust) is threatening to seek judicial rehabilitation after the Philippine Deposit Insurance Corp. (PDIC) rejected its rehabilitation proposal.
A group led by Francis R. Yuseco, Leopoldo J. Valcarcel and lawyer Fred L. Gutierrez said they would seek judicial rehabilitation from the civil courts if the PDIC, receiver of the troubled commercial bank, does not recognize their proposal. Gutierrez claims to represent the holdings of G. Cosmos Philippines.
[DatePublished] => 2002-07-25 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[7] => Array
(
[ArticleID] => 155472
[Title] => Ogami nakatakas na ng RP; HDO nawalan ng silbi
[Summary] => Nawalan nang silbi ang ipinalabas na Hold Departure Order kamakalawa ng Department of Justice matapos na makatakas palabas ng bansa ang Japanese businessman na si Genta Ogami, isang araw matapos ang HDO laban sa kanya.
Nabatid mula sa isang mapagkakatiwalaang impormante, nakalusot si Ogami palabas ng Pilipinas, ito’y dahil na rin umano sa hindi agad nasampahan ng kaukulang kaso sa mababang hukuman ang naturang negosyante.
[DatePublished] => 2002-03-28 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Bansa
[SectionUrl] => bansa
[URL] =>
)
[8] => Array
(
[ArticleID] => 149383
[Title] => BSP to tighten rules on loan exposure
[Summary] => The Bangko Sentral ng Pilipinas (BSP) plans to reduce the maximum permitted exposure of commercial banks to a single borrower as part of its measures to strengthen the banking system and prevent bank failures, a senior bank official said.
The bank also plans to revise its definition of a single borrower to prevent loan defaults arising from a company’s affiliate groups.
"There are discussions on whether we should define a single corporate borrower as just the company or the parent company," Alberto Reyes, BSP deputy governor, told reporters.
[DatePublished] => 2002-02-04 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[9] => Array
(
[ArticleID] => 148198
[Title] => 3 banks, 2 other groups eye Unitrust Bank
[Summary] => At least three local thrift banks and the two groups squabbling over closed Unitrust Development Bank have expressed interest in acquiring the bank.
Meanwhile, preliminary investigation by the Philippine Deposit Insurance Corp. (PDIC) showed the bank is still solvent even if its capital is less than the minimum requirement for a thrift bank and there is a good possibility the bank can be rehabilitated.
Nazareno, however, declined to named the three local thrift banks interested in getting Unitrust.
[DatePublished] => 2002-01-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
August 13, 2002 - 12:00am
January 24, 2002 - 12:00am
