Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 210068
                    [Title] => A non-member of the ‘republic’
                    [Summary] => Bank notes 1: There is talk this bank’s chief operating officer has already tendered his resignation ahead of the completion next month of his three-year management contract.


The COO, who is good enough to be chief executive officer, has tried to get along with his major stockholder (represented in the board by his daughter) while trying to implement a five-year program that would make the bank more competitive.


                    [DatePublished] => 2003-06-14 00:00:00
                    [ColumnID] => 135040
                    [Focus] => 0
                    [AuthorID] => 1488513
                    [AuthorName] => Margaret Jao-Grey 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 182310
                    [Title] => Bad feng shui
                    [Summary] => As everybody knows, the head office of Banco de Oro Universal Bank will be torn down to make room for the extension of the SM-Keppel high-end mall venture, The Podium. The sharp edges of the mountain-like building an architectural conceit by its former owner, Benguet Mining is considered bad feng shui.


BDO’s executive offices will move to the SM complex in the reclamation area. This will make it easier for chairman Teresita Sy-Coson to get in touch with both her father, Henry Sy, and other SM executive.


                    [DatePublished] => 2002-11-02 00:00:00
                    [ColumnID] => 135040
                    [Focus] => 0
                    [AuthorID] => 1488513
                    [AuthorName] => Margaret Jao-Grey 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 182205
                    [Title] => Metrobank net income up 65% in Q3
                    [Summary] => Metropolitan Bank & Trust Co. (Metrobank), the country’s largest bank, registered a net income of P791.28 million during the third quarter of the year, up by 65 percent from the year ago level of P480.05 million.


The uptick in the third quarter was driven by trading gains in the debt and foreign exchange markets. The bank was benefiting from investments in government securities.


                    [DatePublished] => 2002-11-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 172138
                    [Title] => Metrobank offers share-swap deal with Globalbank
                    [Summary] => The Metropolitan Bank and Trust Co. (Metrobank) is offering to swap its shares with minority shareholders of Global Business Bank (Globalbank). 


For every Globalbank share surrendered, the stockholder will get 1.973173 shares of Metrobank. The basis for the swap deal is the book value of Metrobank shares which is recorded at P31.292478 compared to that of Globalbank whch is P61.745476. 


According to Metrobank president Antonio S. Abacan Jr., the swap deal is designed to allow Metrobank to implement a smooth integration or functional merger of the two banks. 


                    [DatePublished] => 2002-08-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 167098
                    [Title] => Metrobank completes Globalbank deal
                    [Summary] => The Metropolitan Bank and Trust Co. (Metrobank) has finally acquired Global Business Bank under a swap deal in which Globalbank minority shareholders may choose to own newly-issued Metrobank shares or exchange their Globalbank shares for Metrobank shares held by Metrobank subsidiaries or affiliates.


The listed name Globalbank will be renamed Metrobank Card Corp., which will take over the business of the Unibancard Corp.


                    [DatePublished] => 2002-07-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 142631
                    [Title] => Metrobank, Globalbank approve merger
                    [Summary] => The respective boards of directors of Metropolitan Bank and Trust Co. (Metrobank) and Global Business Bank (Globalbank) approved the merger of the two banks with Metrobank as the surviving entity. Together, Metrobank – the country’s largest universal bank – and Globalbank – the largest commercial bank – will form the Philippines’ most dominant financial institution with estimated total resources of P443 billion and combined capital over P50 billion.


                    [DatePublished] => 2001-12-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 139970
                    [Title] => 6 banks fund $65-M FCDU loan
                    [Summary] => A six-bank syndication scheme was formed to finance a seven-year, $65-million foreign currency deposit  unit loan (FCDU) for the Ayala-led Manila Water Co.


The loan package sets favorable benchmarks for a Philippine peso-dollar term loan in terms of interest rates, officials of Manila Water said.


The members of the bank syndicate are Bando de Oro, Rizal Commercial Banking Corp. (RCBC), Global Business Bank, China Trust, China Banking Corp., and Maybank Philippines Inc.


                    [DatePublished] => 2001-11-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 100623
                    [Title] => Global buys P2.2-B shares of Philbank
                    [Summary] => 

The Securities and Exchange Commission (SEC) has approved a P2.2-billion
special block sale of Philippine Banking Corp. (PhilBank) shares by parent firm
Metropolitan Bank and Trust Co. (Metrobank).

The buyer is Global Business Bank. The sale involves a total of 14.426 million
common shares representing about 50.22 percent of the issued stocks of
Philbank.
                    [DatePublished] => 2000-04-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

GLOBAL BUSINESS BANK

Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 210068
                    [Title] => A non-member of the ‘republic’
                    [Summary] => Bank notes 1: There is talk this bank’s chief operating officer has already tendered his resignation ahead of the completion next month of his three-year management contract.


The COO, who is good enough to be chief executive officer, has tried to get along with his major stockholder (represented in the board by his daughter) while trying to implement a five-year program that would make the bank more competitive.


                    [DatePublished] => 2003-06-14 00:00:00
                    [ColumnID] => 135040
                    [Focus] => 0
                    [AuthorID] => 1488513
                    [AuthorName] => Margaret Jao-Grey 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [1] => Array
                (
                    [ArticleID] => 182310
                    [Title] => Bad feng shui
                    [Summary] => As everybody knows, the head office of Banco de Oro Universal Bank will be torn down to make room for the extension of the SM-Keppel high-end mall venture, The Podium. The sharp edges of the mountain-like building an architectural conceit by its former owner, Benguet Mining is considered bad feng shui.


BDO’s executive offices will move to the SM complex in the reclamation area. This will make it easier for chairman Teresita Sy-Coson to get in touch with both her father, Henry Sy, and other SM executive.


                    [DatePublished] => 2002-11-02 00:00:00
                    [ColumnID] => 135040
                    [Focus] => 0
                    [AuthorID] => 1488513
                    [AuthorName] => Margaret Jao-Grey 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 182205
                    [Title] => Metrobank net income up 65% in Q3
                    [Summary] => Metropolitan Bank & Trust Co. (Metrobank), the country’s largest bank, registered a net income of P791.28 million during the third quarter of the year, up by 65 percent from the year ago level of P480.05 million.


The uptick in the third quarter was driven by trading gains in the debt and foreign exchange markets. The bank was benefiting from investments in government securities.


                    [DatePublished] => 2002-11-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1804021
                    [AuthorName] => Zinnia B. Dela Peña
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 172138
                    [Title] => Metrobank offers share-swap deal with Globalbank
                    [Summary] => The Metropolitan Bank and Trust Co. (Metrobank) is offering to swap its shares with minority shareholders of Global Business Bank (Globalbank). 


For every Globalbank share surrendered, the stockholder will get 1.973173 shares of Metrobank. The basis for the swap deal is the book value of Metrobank shares which is recorded at P31.292478 compared to that of Globalbank whch is P61.745476. 


According to Metrobank president Antonio S. Abacan Jr., the swap deal is designed to allow Metrobank to implement a smooth integration or functional merger of the two banks. 


                    [DatePublished] => 2002-08-15 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [4] => Array
                (
                    [ArticleID] => 167098
                    [Title] => Metrobank completes Globalbank deal
                    [Summary] => The Metropolitan Bank and Trust Co. (Metrobank) has finally acquired Global Business Bank under a swap deal in which Globalbank minority shareholders may choose to own newly-issued Metrobank shares or exchange their Globalbank shares for Metrobank shares held by Metrobank subsidiaries or affiliates.


The listed name Globalbank will be renamed Metrobank Card Corp., which will take over the business of the Unibancard Corp.


                    [DatePublished] => 2002-07-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [5] => Array
                (
                    [ArticleID] => 142631
                    [Title] => Metrobank, Globalbank approve merger
                    [Summary] => The respective boards of directors of Metropolitan Bank and Trust Co. (Metrobank) and Global Business Bank (Globalbank) approved the merger of the two banks with Metrobank as the surviving entity. Together, Metrobank – the country’s largest universal bank – and Globalbank – the largest commercial bank – will form the Philippines’ most dominant financial institution with estimated total resources of P443 billion and combined capital over P50 billion.


                    [DatePublished] => 2001-12-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 139970
                    [Title] => 6 banks fund $65-M FCDU loan
                    [Summary] => A six-bank syndication scheme was formed to finance a seven-year, $65-million foreign currency deposit  unit loan (FCDU) for the Ayala-led Manila Water Co.


The loan package sets favorable benchmarks for a Philippine peso-dollar term loan in terms of interest rates, officials of Manila Water said.


The members of the bank syndicate are Bando de Oro, Rizal Commercial Banking Corp. (RCBC), Global Business Bank, China Trust, China Banking Corp., and Maybank Philippines Inc.


                    [DatePublished] => 2001-11-13 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [7] => Array
                (
                    [ArticleID] => 100623
                    [Title] => Global buys P2.2-B shares of Philbank
                    [Summary] => 

The Securities and Exchange Commission (SEC) has approved a P2.2-billion
special block sale of Philippine Banking Corp. (PhilBank) shares by parent firm
Metropolitan Bank and Trust Co. (Metrobank).

The buyer is Global Business Bank. The sale involves a total of 14.426 million
common shares representing about 50.22 percent of the issued stocks of
Philbank.
                    [DatePublished] => 2000-04-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1704647
                    [AuthorName] => Rocel Felix
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

        )

)

abtest