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                    [ArticleID] => 345356
                    [Title] => Philam Savings Bank buys AIG card business
                    [Summary] => Philam Savings Bank has acquired AIG Credit Card Co. in a bid to expand its market base in the card industry which has a potential market of another five to six million. Presently, the credit card base stood at almost five million.


The surviving entity will be named AIG Philam Savings Bank with combined resources of over P10 billion and authorized capital to reach P800 million.


                    [DatePublished] => 2006-07-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [SectionName] => Banking
                    [SectionUrl] => banking
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            [1] => Array
                (
                    [ArticleID] => 338338
                    [Title] => Philam Savings Bank acquires AIG Credit Card
                    [Summary] => Philam Savings Bank has acquired AIG Credit Card Co. in a bid to expand its market base in the credit card industry.


The country’s credit card base currently stands at almost five million but it has the potential to expand by another five to six million, Philam said.


The surviving entity will be AIG Philam Savings Bank with combined resources of over P10 billion and authorized capital of P800 million.


                    [DatePublished] => 2006-05-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 236114
                    [Title] => BDO, Jardine tie up for Caloocan project
                    [Summary] => Banco de Oro Universal Bank, the banking arm of the SM Group of  retail magnate Henry Sy, has signed an agreement with Jardine Properties Inc. for the development of  the bank’s property in Caloocan City.


In a disclosure to the Philippine Stock Exchange, BDO said Jardine Properties will conduct a due diligence study on the 57,875-square meter property prior to the drafting of a development management agreement specifying the terms and conditions of the tie-up.


                    [DatePublished] => 2004-01-23 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [3] => Array
                (
                    [ArticleID] => 83551
                    [Title] => Insurers invest P14.84B in 2000
                    [Summary] => The country’s insurance industry invested at least P14.84 billion last year in various investment instruments including government bonds, corporate bonds, eurobonds, corporate loans, bank notes, government securities, capital markets, and commercial papers.


The initial amount is broken down as P7.999 billion in local currencies and $134.157 million (approximately P6.842 billion) from both life and non-life insurance companies including reinsurance firms.


                    [DatePublished] => 2001-06-19 00:00:00
                    [ColumnID] => 133272
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CREDIT CARD CO

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            [0] => Array
                (
                    [ArticleID] => 345356
                    [Title] => Philam Savings Bank buys AIG card business
                    [Summary] => Philam Savings Bank has acquired AIG Credit Card Co. in a bid to expand its market base in the card industry which has a potential market of another five to six million. Presently, the credit card base stood at almost five million.


The surviving entity will be named AIG Philam Savings Bank with combined resources of over P10 billion and authorized capital to reach P800 million.


                    [DatePublished] => 2006-07-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
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                    [SectionName] => Banking
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            [1] => Array
                (
                    [ArticleID] => 338338
                    [Title] => Philam Savings Bank acquires AIG Credit Card
                    [Summary] => Philam Savings Bank has acquired AIG Credit Card Co. in a bid to expand its market base in the credit card industry.


The country’s credit card base currently stands at almost five million but it has the potential to expand by another five to six million, Philam said.


The surviving entity will be AIG Philam Savings Bank with combined resources of over P10 billion and authorized capital of P800 million.


                    [DatePublished] => 2006-05-24 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 236114
                    [Title] => BDO, Jardine tie up for Caloocan project
                    [Summary] => Banco de Oro Universal Bank, the banking arm of the SM Group of  retail magnate Henry Sy, has signed an agreement with Jardine Properties Inc. for the development of  the bank’s property in Caloocan City.


In a disclosure to the Philippine Stock Exchange, BDO said Jardine Properties will conduct a due diligence study on the 57,875-square meter property prior to the drafting of a development management agreement specifying the terms and conditions of the tie-up.


                    [DatePublished] => 2004-01-23 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 83551
                    [Title] => Insurers invest P14.84B in 2000
                    [Summary] => The country’s insurance industry invested at least P14.84 billion last year in various investment instruments including government bonds, corporate bonds, eurobonds, corporate loans, bank notes, government securities, capital markets, and commercial papers.


The initial amount is broken down as P7.999 billion in local currencies and $134.157 million (approximately P6.842 billion) from both life and non-life insurance companies including reinsurance firms.


                    [DatePublished] => 2001-06-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

        )

)

abtest

Philam Savings Bank buys AIG card business

July 4, 2006 - 12:00am

Philam Savings Bank has acquired AIG Credit Card Co. in a bid to expand its market base in the card industry which has a potential market of another five to six million. Presently, the credit card base stood at almost...

Banking

Philam Savings Bank acquires AIG Credit Card

By Ted P. Torres | May 24, 2006 - 12:00am

Philam Savings Bank has acquired AIG Credit Card Co. in a bid to expand its market base in the credit card industry. The country’s credit card base currently stands at almost five million but it has the potential...

Business

BDO, Jardine tie up for Caloocan project

January 23, 2004 - 12:00am

Banco de Oro Universal Bank, the banking arm of the SM Group of retail magnate Henry Sy, has signed an agreement with Jardine Properties Inc. for the development of the bank’s property in Caloocan City. In...

Business

Insurers invest P14.84B in 2000

June 19, 2001 - 12:00am

The country’s insurance industry invested at least P14.84 billion last year in various investment instruments including government bonds, corporate bonds, eurobonds,...

Banking