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    [results] => Array
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            [0] => 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.


                    [DatePublished] => 2001-04-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 96442
                    [Title] => RCBC searching for possible acquisition opportunities
                    [Summary] => The Yuchengco-led Rizal Commercial Bank Corp. (RCBC) is still on the lookout for acquisition opportunities to expand its banking activities.


According to RCBC executive vice president for corporate planning Cesar A. Rubio, the bank is still evaluating the benefits of acquiring the financially troubled Urban Bank.


"We have already expressed our interest but it is still very preliminary. We still have to look at the available information," Rubio told The STAR.


                    [DatePublished] => 2001-03-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 96783
                    [Title] => Equitable PCI Bank in talks with foreign bank
                    [Summary] => Equitable PCI Bank has reportedly started talks with a foreign bank for the sale of the bank.


A Bangko Sentral ng Pilipinas official said that Equitable PCI Bank has enlisted a broker to act as a go-between for the bank and the interested buyers.


The official said the sale will necessarily mean a sellout by any of the groups now controlling Equitable PCI Bank. He added that while there has been no official communication to the BSP about the plan to sell Equitable PCI Bank, the plan he said is feasible.


                    [DatePublished] => 2001-01-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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NEWBRIDGE CAPITAL INC

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(
    [results] => Array
        (
            [0] => Array
                (
                    [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
                    [SectionUrl] => business
                    [URL] => 
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            [1] => Array
                (
                    [ArticleID] => 96442
                    [Title] => RCBC searching for possible acquisition opportunities
                    [Summary] => The Yuchengco-led Rizal Commercial Bank Corp. (RCBC) is still on the lookout for acquisition opportunities to expand its banking activities.


According to RCBC executive vice president for corporate planning Cesar A. Rubio, the bank is still evaluating the benefits of acquiring the financially troubled Urban Bank.


"We have already expressed our interest but it is still very preliminary. We still have to look at the available information," Rubio told The STAR.


                    [DatePublished] => 2001-03-17 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 96783
                    [Title] => Equitable PCI Bank in talks with foreign bank
                    [Summary] => Equitable PCI Bank has reportedly started talks with a foreign bank for the sale of the bank.


A Bangko Sentral ng Pilipinas official said that Equitable PCI Bank has enlisted a broker to act as a go-between for the bank and the interested buyers.


The official said the sale will necessarily mean a sellout by any of the groups now controlling Equitable PCI Bank. He added that while there has been no official communication to the BSP about the plan to sell Equitable PCI Bank, the plan he said is feasible.


                    [DatePublished] => 2001-01-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

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

RCBC searching for possible acquisition opportunities

By Ted P. Torres | March 17, 2001 - 12:00am

The Yuchengco-led Rizal Commercial Bank Corp. (RCBC) is still on the lookout for acquisition opportunities to expand its banking activities. According to RCBC executive vice president for corporate planning Cesar...

Business

Equitable PCI Bank in talks with foreign bank

January 18, 2001 - 12:00am

Equitable PCI Bank has reportedly started talks with a foreign bank for the sale of the bank. A Bangko Sentral ng Pilipinas official said that Equitable PCI Bank has enlisted a broker to act as a go-between for...

Business