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+ Follow ASSISTANT GOVERNOR NESTOR ESPENILLA Tag
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[ArticleID] => 273710
[Title] => Banks rush to beat deadline for SPV perks
[Summary] => As banks rushed to beat the April deadline under the Special Purpose Vehicles Act (SPVA), the Bangko Sentral ng Pilipinas (BSP) said yesterday it expects total applications for incentives to reach over P90 billion worth of bad loans and bad assets.
As of March 31, 2005, the BSP reported that completed SPVA transactions have reached P50 billion and another P40 billion was in the pipeline for completion.
[DatePublished] => 2005-04-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 273611
[Title] => BSP evaluates concentration of banks in urban centers
[Summary] => The Bangko Sentral ng Pilipinas (BSP) is evaluating the concentration of banks in urban centers, indicating that there could be some refinements in its bank-branching policy.
Bank regulators, however, are careful not to say that the BSP would soon lift the moratorium on bank-branching, particularly in congested areas.
The BSP is currently imposing a moratorium on bank-branching in heavily-congested cities such as Metro Manila, Metro Davao and Metro Cebu.
[DatePublished] => 2005-04-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 273462
[Title] => ADB, World Bank arm may invest in proposed credit info bureau
[Summary] => The Asian Development Bank (ADB) and the World Bank’s International Finance Corp. (IFC) are expected to invest in the proposed credit information bureau when Congress passes the enabling legislation.
The Bangko Sentral ng Pilipinas (BSP) said both the ADB and the IFC have expressed interest in the bureau although no specific terms or actual levels of participation and investments have been discussed.
[DatePublished] => 2005-04-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 270453
[Title] => BSP invites group investors for Philippine credit bureau
[Summary] => The Bangko Sentral ng Pilipinas (BSP) is inviting all interested private groups to invest in the proposed credit bureau.
Speaking before the members of the Chamber of Thrift Banks (CTB) last week, BSP Assistant Governor Nestor Espenilla openly invited other financial groups including the Bankers Association of the Philippines (BAP) and the Rural Bankers Association of the Philippines (RBAP).
[DatePublished] => 2005-03-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[4] => Array
(
[ArticleID] => 240138
[Title] => BSP eases rules on SPVA deals
[Summary] => The Bangko Sentral ng Pilipinas (BSP) has decided to liberalize the implementing rules of the Special Purpose Vehicle Act (SPVA), telling banks to stop complaining and instead begin unloading their bad loans.
The amended provisions give banks, among other things, longer time to book their losses when they sell their bad loans and bad assets to asset management companies.
[DatePublished] => 2004-02-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
ASSISTANT GOVERNOR NESTOR ESPENILLA
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 273710
[Title] => Banks rush to beat deadline for SPV perks
[Summary] => As banks rushed to beat the April deadline under the Special Purpose Vehicles Act (SPVA), the Bangko Sentral ng Pilipinas (BSP) said yesterday it expects total applications for incentives to reach over P90 billion worth of bad loans and bad assets.
As of March 31, 2005, the BSP reported that completed SPVA transactions have reached P50 billion and another P40 billion was in the pipeline for completion.
[DatePublished] => 2005-04-13 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 273611
[Title] => BSP evaluates concentration of banks in urban centers
[Summary] => The Bangko Sentral ng Pilipinas (BSP) is evaluating the concentration of banks in urban centers, indicating that there could be some refinements in its bank-branching policy.
Bank regulators, however, are careful not to say that the BSP would soon lift the moratorium on bank-branching, particularly in congested areas.
The BSP is currently imposing a moratorium on bank-branching in heavily-congested cities such as Metro Manila, Metro Davao and Metro Cebu.
[DatePublished] => 2005-04-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 273462
[Title] => ADB, World Bank arm may invest in proposed credit info bureau
[Summary] => The Asian Development Bank (ADB) and the World Bank’s International Finance Corp. (IFC) are expected to invest in the proposed credit information bureau when Congress passes the enabling legislation.
The Bangko Sentral ng Pilipinas (BSP) said both the ADB and the IFC have expressed interest in the bureau although no specific terms or actual levels of participation and investments have been discussed.
[DatePublished] => 2005-04-11 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 270453
[Title] => BSP invites group investors for Philippine credit bureau
[Summary] => The Bangko Sentral ng Pilipinas (BSP) is inviting all interested private groups to invest in the proposed credit bureau.
Speaking before the members of the Chamber of Thrift Banks (CTB) last week, BSP Assistant Governor Nestor Espenilla openly invited other financial groups including the Bankers Association of the Philippines (BAP) and the Rural Bankers Association of the Philippines (RBAP).
[DatePublished] => 2005-03-15 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[4] => Array
(
[ArticleID] => 240138
[Title] => BSP eases rules on SPVA deals
[Summary] => The Bangko Sentral ng Pilipinas (BSP) has decided to liberalize the implementing rules of the Special Purpose Vehicle Act (SPVA), telling banks to stop complaining and instead begin unloading their bad loans.
The amended provisions give banks, among other things, longer time to book their losses when they sell their bad loans and bad assets to asset management companies.
[DatePublished] => 2004-02-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
By Des Ferriols | April 13, 2005 - 12:00am
By Des Ferriols | April 12, 2005 - 12:00am
By Des Ferriols | April 11, 2005 - 12:00am
March 15, 2005 - 12:00am
By Des Ferriols | February 24, 2004 - 12:00am
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