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                    [ArticleID] => 928073
                    [Title] => BSP earns P508M from sale of foreclosed assets
                    [Summary] => 
The Bangko Sentral ng Pilipinas (BSP) has exceeded last year’s income target from the sale of foreclosed assets it acquired from banks despite lower property prices.

                    [DatePublished] => 2013-04-08 00:00:00
                    [ColumnID] => 0
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                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 38595
                    [Title] => BSP approves joint venture between BDO, 3 developers
                    [Summary] => 
            
                    [DatePublished] => 2008-01-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
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                    [ArticleID] => 135505
                    [Title] => NG pushes law on use of foreclosed assets in housing projects
                    [Summary] => The Arroyo administration will push for the creation of a law that will pave the way for the sale to government of some P70 billion worth of assets foreclosed by banks. The move is in support of the low-cost, mass-housing programs of the Housing Urban Development Coordinating Council (HUDCC).


Finance Secretary Jose Isidro Camacho said that with a law in place, "government will have a legal framework with which to work out a settlement of the banks’ foreclosed properties with government."


                    [DatePublished] => 2001-10-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
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                    [ArticleID] => 132237
                    [Title] => Bad loans of thrift banks slightly down
                    [Summary] => The non-performing loans (NPLs) or bad loans of thrift banks improved slightly to 11.94 percent in May from 11.98 percent in the previous month.


In absolute terms, bad loans of thrift banks in May totaled P16.457 billion compared to the previous month’s P16.742 billion.


Data from the Bangko Sentral ng Pilipinas (BSP) also showed the NPL last May was worse compared to the previous year’s 11.76 percent.


                    [DatePublished] => 2001-09-02 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
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                    [ArticleID] => 86363
                    [Title] => BSP may require banks to provide additional cover for foreclosed assets
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) is planning to require banks to set aside additional provisioning for foreclosed assets on the day such assets are secured from borrowers who defaulted on their obligations.


Currently, banks are only required to set aside reserves for non-performing loans, which are reserved aside from profits. Foreclosed assets are only covered by reserves on the sixth year that these remain idle or unsold.


                    [DatePublished] => 2001-05-08 00:00:00
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                    [ArticleID] => 95996
                    [Title] => BSP may require banks to provide additional cover for foreclosed assets
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) is planning to require banks to set aside additional provisioning for foreclosed assets on the day such assets are secured from borrowers who defaulted on their obligations.


Currently, banks are only required to set aside reserves for non-performing loans, which are reserved aside from profits. Foreclosed assets are only covered by reserves on the sixth year that these remain idle or unsold.


                    [DatePublished] => 2001-05-08 00:00:00
                    [ColumnID] => 133272
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FORECLOSED

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                    [ArticleID] => 928073
                    [Title] => BSP earns P508M from sale of foreclosed assets
                    [Summary] => 
The Bangko Sentral ng Pilipinas (BSP) has exceeded last year’s income target from the sale of foreclosed assets it acquired from banks despite lower property prices.

                    [DatePublished] => 2013-04-08 00:00:00
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                    [Title] => BSP approves joint venture between BDO, 3 developers
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                    [DatePublished] => 2008-01-14 00:00:00
                    [ColumnID] => 133272
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                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                    [ArticleID] => 135505
                    [Title] => NG pushes law on use of foreclosed assets in housing projects
                    [Summary] => The Arroyo administration will push for the creation of a law that will pave the way for the sale to government of some P70 billion worth of assets foreclosed by banks. The move is in support of the low-cost, mass-housing programs of the Housing Urban Development Coordinating Council (HUDCC).


Finance Secretary Jose Isidro Camacho said that with a law in place, "government will have a legal framework with which to work out a settlement of the banks’ foreclosed properties with government."


                    [DatePublished] => 2001-10-03 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
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                    [ArticleID] => 132237
                    [Title] => Bad loans of thrift banks slightly down
                    [Summary] => The non-performing loans (NPLs) or bad loans of thrift banks improved slightly to 11.94 percent in May from 11.98 percent in the previous month.


In absolute terms, bad loans of thrift banks in May totaled P16.457 billion compared to the previous month’s P16.742 billion.


Data from the Bangko Sentral ng Pilipinas (BSP) also showed the NPL last May was worse compared to the previous year’s 11.76 percent.


                    [DatePublished] => 2001-09-02 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Rocel Felix
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                    [ArticleID] => 86363
                    [Title] => BSP may require banks to provide additional cover for foreclosed assets
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) is planning to require banks to set aside additional provisioning for foreclosed assets on the day such assets are secured from borrowers who defaulted on their obligations.


Currently, banks are only required to set aside reserves for non-performing loans, which are reserved aside from profits. Foreclosed assets are only covered by reserves on the sixth year that these remain idle or unsold.


                    [DatePublished] => 2001-05-08 00:00:00
                    [ColumnID] => 133272
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                (
                    [ArticleID] => 95996
                    [Title] => BSP may require banks to provide additional cover for foreclosed assets
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) is planning to require banks to set aside additional provisioning for foreclosed assets on the day such assets are secured from borrowers who defaulted on their obligations.


Currently, banks are only required to set aside reserves for non-performing loans, which are reserved aside from profits. Foreclosed assets are only covered by reserves on the sixth year that these remain idle or unsold.


                    [DatePublished] => 2001-05-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
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abtest

BSP earns P508M from sale of foreclosed assets

April 8, 2013 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) has exceeded last year’s income target from the sale of foreclosed assets it acquired from banks despite lower property prices.

Business

BSP approves joint venture between BDO, 3 developers

By Des Ferriols | January 14, 2008 - 12:00am

Business

NG pushes law on use of foreclosed assets in housing projects

By Rocel Felix | October 3, 2001 - 12:00am

The Arroyo administration will push for the creation of a law that will pave the way for the sale to government of some P70 billion worth of assets foreclosed by banks. The move is in support of the low-cost, mass-housing...

Business

Bad loans of thrift banks slightly down

By Rocel Felix | September 2, 2001 - 12:00am

The non-performing loans (NPLs) or bad loans of thrift banks improved slightly to 11.94 percent in May from 11.98 percent in the previous month. In absolute terms, bad loans of thrift banks in May totaled P16.457...

Business

BSP may require banks to provide additional cover for foreclosed assets

May 8, 2001 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) is planning to require banks to set aside additional provisioning for foreclosed assets on the day such assets are secured from borrowers who defaulted on their obligations. Currently,...

Business

BSP may require banks to provide additional cover for foreclosed assets

May 8, 2001 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) is planning to require banks to set aside additional provisioning for foreclosed assets on the day such assets are secured from borrowers who defaulted on their obligations. Currently,...

Business