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                    [Title] => ADB backs sale of banks’ bad loans, assets
                    [Summary] => The Asian Development Bank (ADB) said yesterday it has approved a local currency loan to finance the purchase of a portfolio of non-performing loans and assets from Equitable PCI Bank and Equitable Savings Bank of the Philippines by a special purpose group. 


The size of the loan was not disclosed at the request of the special purpose vehicle, Cameron Granville Asset Management, the ADB’s principal structured finance specialist William Willms told AFP. 


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WILLMS

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                    [Title] => ADB backs sale of banks’ bad loans, assets
                    [Summary] => The Asian Development Bank (ADB) said yesterday it has approved a local currency loan to finance the purchase of a portfolio of non-performing loans and assets from Equitable PCI Bank and Equitable Savings Bank of the Philippines by a special purpose group. 


The size of the loan was not disclosed at the request of the special purpose vehicle, Cameron Granville Asset Management, the ADB’s principal structured finance specialist William Willms told AFP. 


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ADB backs sale of banks’ bad loans, assets

July 13, 2005 - 12:00am

The Asian Development Bank (ADB) said yesterday it has approved a local currency loan to finance the purchase of a portfolio of non-performing loans and assets from Equitable PCI Bank and Equitable Savings Bank of...

Business