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                    [ArticleID] => 162133
                    [Title] => GSIS head airs concern over P22-B NPLs
                    [Summary] => The president of the Government Service Insurance System (GSIS) expressed his concern over the impact of some P22 billion in non-performing loans on the pension fund’s performance this year.


GSIS has hired foreign asset management companies, Cerberus and Lehman Brothers to review the possibility of acquiring and managing the problem loans, said GSIS president Winston Garcia.


"They are now conducting due diligence on the bad debts," he added.


                    [DatePublished] => 2002-05-25 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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CERBERUS AND LEHMAN BROTHERS

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                    [ArticleID] => 162133
                    [Title] => GSIS head airs concern over P22-B NPLs
                    [Summary] => The president of the Government Service Insurance System (GSIS) expressed his concern over the impact of some P22 billion in non-performing loans on the pension fund’s performance this year.


GSIS has hired foreign asset management companies, Cerberus and Lehman Brothers to review the possibility of acquiring and managing the problem loans, said GSIS president Winston Garcia.


"They are now conducting due diligence on the bad debts," he added.


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abtest

GSIS head airs concern over P22-B NPLs

By Ted P. Torres | May 25, 2002 - 12:00am

The president of the Government Service Insurance System (GSIS) expressed his concern over the impact of some P22 billion in non-performing loans on the pension fund’s performance this year. GSIS has hired...

Business