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                    [ArticleID] => 91849
                    [Title] => Export Bank set to finalize Urban Bank reopening
                    [Summary] => The Export Industry Bank (EIB), a so-called "‘white knight" that aims to rescue Urban Bank, hopes to sign a memorandum of agreement (MOA) this week with the Philippine Deposit Insurance Corp. (PDIC) and the National Association of Urban Bank Inc. and Urbancorp Investments Inc. Depositors and Creditors (NAUD).


Urban Bank was placed under the receivership of PDIC in April 2000 after it declared a bank holiday and was later found insolvent and illiquid.


                    [DatePublished] => 2001-07-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 96091
                    [Title] => Export Bank inks deals with Urban Bank stockholders, depositors
                    [Summary] => Signing separate agreements with stockholders and depositors of Urban Bank, the Export and Industry Bank (EIB) hurdled yesterday what is believed to be the biggest stumbling block in its bid to acquire and rehabilitate the failed bank.


The first agreement was between EIB and the stockholders and small depositors represented by the National Association of Urban Bank Inc. and Urbancorp Investments Inc. Depositors and Creditors (NAUD).


The small depositors agreed to convert 10 percent of their deposits into common shares with a cash equivalent of P1.256 billion.


                    [DatePublished] => 2001-05-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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                    [ArticleID] => 99686
                    [Title] => Export Bank inks deals with Urban Bank stockholders, depositors
                    [Summary] => Signing separate agreements with stockholders and depositors of Urban Bank, the Export and Industry Bank (EIB) hurdled yesterday what is believed to be the biggest stumbling block in its bid to acquire and rehabilitate the failed bank.


The first agreement was between EIB and the stockholders and small depositors represented by the National Association of Urban Bank Inc. and Urbancorp Investments Inc. Depositors and Creditors (NAUD).


The small depositors agreed to convert 10 percent of their deposits into common shares with a cash equivalent of P1.256 billion.


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                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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                    [SectionUrl] => business
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            [3] => Array
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                    [ArticleID] => 86401
                    [Title] => SSS eyes big returns from Urban Bank investment
                    [Summary] => The Social Security System (SSS) expects to earn more than P500 million in interest income from a proposed P600-million investment in the Export Industry Bank (EIB) which is expected to take over Urban Bank and its investment arm, Urbancorp Investment Inc. (UII), SSS chairman and president Vitaliano Nañagas said yesterday.


                    [DatePublished] => 2001-05-11 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
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            [4] => Array
                (
                    [ArticleID] => 96032
                    [Title] => SSS eyes big returns from Urban Bank investment
                    [Summary] => The Social Security System (SSS) expects to earn more than P500 million in interest income from a proposed P600-million investment in the Export Industry Bank (EIB) which is expected to take over Urban Bank and its investment arm, Urbancorp Investment Inc. (UII), SSS chairman and president Vitaliano Nañagas said yesterday.


                    [DatePublished] => 2001-05-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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            [5] => Array
                (
                    [ArticleID] => 95827
                    [Title] => Urban Bank, Exportbank merger eyed
                    [Summary] => The lone group that offered to rehabilitate and reopen Urban Bank Inc. (UBI) and its investment arm, Urbancorp Investments, Inc. (UII), will seek a merger with the designated "white knight," Export and Industry Bank (EIB), before the end of the year.


                    [DatePublished] => 2001-04-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
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                    [ArticleID] => 95773
                    [Title] => PDIC collects P1.5 B from borrowers of Urban Bank
                    [Summary] => State insurer Philippine Deposit Insurance Corp. (PDIC) has collected P1.5 billion in loans owed to failed Urban Bank Corp. The amount will be given to the group that will take over the bank.


Norberto Nazareno, PDIC president, said the money to be turned over to the entity to be chosen on or before April 26 will eventually be used to partially settle claims against the bank.


The PDIC has set today as the deadline for the submission of rehabilitation proposals for Urban Bank.


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                    [ColumnID] => 133272
                    [Focus] => 0
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DEPOSITORS AND CREDITORS

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                    [ArticleID] => 91849
                    [Title] => Export Bank set to finalize Urban Bank reopening
                    [Summary] => The Export Industry Bank (EIB), a so-called "‘white knight" that aims to rescue Urban Bank, hopes to sign a memorandum of agreement (MOA) this week with the Philippine Deposit Insurance Corp. (PDIC) and the National Association of Urban Bank Inc. and Urbancorp Investments Inc. Depositors and Creditors (NAUD).


Urban Bank was placed under the receivership of PDIC in April 2000 after it declared a bank holiday and was later found insolvent and illiquid.


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                    [ColumnID] => 133272
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                    [ArticleID] => 96091
                    [Title] => Export Bank inks deals with Urban Bank stockholders, depositors
                    [Summary] => Signing separate agreements with stockholders and depositors of Urban Bank, the Export and Industry Bank (EIB) hurdled yesterday what is believed to be the biggest stumbling block in its bid to acquire and rehabilitate the failed bank.


The first agreement was between EIB and the stockholders and small depositors represented by the National Association of Urban Bank Inc. and Urbancorp Investments Inc. Depositors and Creditors (NAUD).


The small depositors agreed to convert 10 percent of their deposits into common shares with a cash equivalent of P1.256 billion.


                    [DatePublished] => 2001-05-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
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                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
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                    [ArticleID] => 99686
                    [Title] => Export Bank inks deals with Urban Bank stockholders, depositors
                    [Summary] => Signing separate agreements with stockholders and depositors of Urban Bank, the Export and Industry Bank (EIB) hurdled yesterday what is believed to be the biggest stumbling block in its bid to acquire and rehabilitate the failed bank.


The first agreement was between EIB and the stockholders and small depositors represented by the National Association of Urban Bank Inc. and Urbancorp Investments Inc. Depositors and Creditors (NAUD).


The small depositors agreed to convert 10 percent of their deposits into common shares with a cash equivalent of P1.256 billion.


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                    [ColumnID] => 133272
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                    [AuthorName] =>  Ted P. Torres
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                    [ArticleID] => 86401
                    [Title] => SSS eyes big returns from Urban Bank investment
                    [Summary] => The Social Security System (SSS) expects to earn more than P500 million in interest income from a proposed P600-million investment in the Export Industry Bank (EIB) which is expected to take over Urban Bank and its investment arm, Urbancorp Investment Inc. (UII), SSS chairman and president Vitaliano Nañagas said yesterday.


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                    [ArticleID] => 96032
                    [Title] => SSS eyes big returns from Urban Bank investment
                    [Summary] => The Social Security System (SSS) expects to earn more than P500 million in interest income from a proposed P600-million investment in the Export Industry Bank (EIB) which is expected to take over Urban Bank and its investment arm, Urbancorp Investment Inc. (UII), SSS chairman and president Vitaliano Nañagas said yesterday.


                    [DatePublished] => 2001-05-11 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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                )

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                (
                    [ArticleID] => 95827
                    [Title] => Urban Bank, Exportbank merger eyed
                    [Summary] => The lone group that offered to rehabilitate and reopen Urban Bank Inc. (UBI) and its investment arm, Urbancorp Investments, Inc. (UII), will seek a merger with the designated "white knight," Export and Industry Bank (EIB), before the end of the year.


                    [DatePublished] => 2001-04-19 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096615
                    [AuthorName] =>  Christina Mendez
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

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                (
                    [ArticleID] => 95773
                    [Title] => PDIC collects P1.5 B from borrowers of Urban Bank
                    [Summary] => State insurer Philippine Deposit Insurance Corp. (PDIC) has collected P1.5 billion in loans owed to failed Urban Bank Corp. The amount will be given to the group that will take over the bank.


Norberto Nazareno, PDIC president, said the money to be turned over to the entity to be chosen on or before April 26 will eventually be used to partially settle claims against the bank.


The PDIC has set today as the deadline for the submission of rehabilitation proposals for Urban Bank.


                    [DatePublished] => 2001-04-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
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)

abtest

Export Bank set to finalize Urban Bank reopening

By Ted P. Torres | July 11, 2001 - 12:00am

The Export Industry Bank (EIB), a so-called "‘white knight" that aims to rescue Urban Bank, hopes to sign a memorandum of agreement (MOA) this week with the Philippine Deposit Insurance Corp. (PDIC)...

Business

Export Bank inks deals with Urban Bank stockholders, depositors

By Ted P. Torres | May 16, 2001 - 12:00am

Signing separate agreements with stockholders and depositors of Urban Bank, the Export and Industry Bank (EIB) hurdled yesterday what is believed to be the biggest stumbling block in its bid to acquire and rehabilitate...

Business

Export Bank inks deals with Urban Bank stockholders, depositors

By Ted P. Torres | May 16, 2001 - 12:00am

Signing separate agreements with stockholders and depositors of Urban Bank, the Export and Industry Bank (EIB) hurdled yesterday what is believed to be the biggest stumbling block in its bid to acquire and rehabilitate...

Business

SSS eyes big returns from Urban Bank investment

By Ted P. Torres | May 11, 2001 - 12:00am

The Social Security System (SSS) expects to earn more than P500 million in interest income from a proposed P600-million investment in the Export Industry Bank (EIB) which is expected to take over Urban Bank and its...

Business

SSS eyes big returns from Urban Bank investment

By Ted P. Torres | May 11, 2001 - 12:00am

The Social Security System (SSS) expects to earn more than P500 million in interest income from a proposed P600-million investment in the Export Industry Bank (EIB) which is expected to take over Urban Bank and its...

Business

Urban Bank, Exportbank merger eyed

By Christina Mendez | April 19, 2001 - 12:00am

The lone group that offered to rehabilitate and reopen Urban Bank Inc. (UBI) and its investment arm, Urbancorp Investments, Inc. (UII), will seek a merger with the designated "white knight," Export and...

Business

PDIC collects P1.5 B from borrowers of Urban Bank

April 16, 2001 - 12:00am

State insurer Philippine Deposit Insurance Corp. (PDIC) has collected P1.5 billion in loans owed to failed Urban Bank Corp. The amount will be given to the group that will take over the bank. Norberto Nazareno,...

Business