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                    [ArticleID] => 378505
                    [Title] => Philtrust takeover of PBCom faces hurdle
                    [Summary] => 



The planned takeover by Philippine Trust Co. (Philtrust) of another mid-sized commercial bank in Philippine Bank of Communication (PBCom) faces a major hurdle as the latter said controlling interest of the bank can only be sold as one block as per the P7.64-billion financial assistance package it  signed with the Philippine Deposit Insurance Corp. (PDIC) in 2004.


                    [DatePublished] => 2007-01-06 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 377766
                    [Title] => Philtrust eyes unibank status
                    [Summary] => 



The board of directors of Philippine Trust Co. (Philtrust Bank) of Filipino Chinese tycoon Emilio Yap is looking at converting the bank into a universal bank from a commercial bank.


In a disclosure to the Philippine Stock Exchange (PSE), the bank said the directors who own two thirds of the institution has approved the amendment of the articles of incorporation to effect the conversion. The change into a universal bank is subject to the approval of the Bangko Sentral ng Pilipinas (BSP).


                    [DatePublished] => 2007-01-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
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MICHAEL OSMENA

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                    [ArticleID] => 378505
                    [Title] => Philtrust takeover of PBCom faces hurdle
                    [Summary] => 



The planned takeover by Philippine Trust Co. (Philtrust) of another mid-sized commercial bank in Philippine Bank of Communication (PBCom) faces a major hurdle as the latter said controlling interest of the bank can only be sold as one block as per the P7.64-billion financial assistance package it  signed with the Philippine Deposit Insurance Corp. (PDIC) in 2004.


                    [DatePublished] => 2007-01-06 00:00:00
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                    [AuthorName] => Ma. Elisa Osorio 
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                    [ArticleID] => 377766
                    [Title] => Philtrust eyes unibank status
                    [Summary] => 



The board of directors of Philippine Trust Co. (Philtrust Bank) of Filipino Chinese tycoon Emilio Yap is looking at converting the bank into a universal bank from a commercial bank.


In a disclosure to the Philippine Stock Exchange (PSE), the bank said the directors who own two thirds of the institution has approved the amendment of the articles of incorporation to effect the conversion. The change into a universal bank is subject to the approval of the Bangko Sentral ng Pilipinas (BSP).


                    [DatePublished] => 2007-01-01 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1480108
                    [AuthorName] => Ma. Elisa Osorio 
                    [SectionName] => Business
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abtest

Philtrust takeover of PBCom faces hurdle

By Ma. Elisa Osorio  | January 6, 2007 - 12:00am

The planned takeover by Philippine Trust Co. (Philtrust) of another mid-sized commercial bank in Philippine Bank of Communication (PBCom) faces a major hurdle as the latter said controlling interest of the...

Business

Philtrust eyes unibank status

By Ma. Elisa Osorio  | January 1, 2007 - 12:00am

The board of directors of Philippine Trust Co. (Philtrust Bank) of Filipino Chinese tycoon Emilio Yap is looking at converting the bank into a universal bank from a commercial bank. In a disclosure to the...

Business