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                    [Title] => Landbank seeks jt venture to settle NPLs
                    [Summary] => The Land Bank of the Philippines (LBP) plans to settle its bad debts or non-performing loans (NPLs) of P29.6 billion along with foreclosed properties worth P11.1 billion by entering into a joint venture with a foreign investment bank or other institutions.


Landbank officials said the state-run bank is currently scouting for a possible joint venture partner which has the financial muscle to help the bank turn around its NPLs and acquired properties.


                    [DatePublished] => 2001-09-23 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] => Rocel Felix
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                    [Title] => Landbank mulls AMC for NPLs, foreclosed assets
                    [Summary] => The Land Bank of the Philippines (LBP) plans to assign its P29.6-billion bad debts or non-performing loans (NPLs) plus some P11.1 billion worth of foreclosed properties to an asset management company (AMC) or enter into a joint venture with other institutions.


"We are looking at options on how to dispose of our NPLs and ROPOA (real and other properties owned and acquired) we want to get the (best) possible combination and it’s either we do it singly or join other banks also wanting to settle their bad loans," said Gary B. Teves, president of LBP.


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                    [Title] => Landbank mulls AMC for NPLs, foreclosed assets
                    [Summary] => The Land Bank of the Philippines (LBP) plans to assign its P29.6-billion bad debts or non-performing loans (NPLs) plus some P11.1 billion worth of foreclosed properties to an asset management company (AMC) or enter into a joint venture with other institutions.


"We are looking at options on how to dispose of our NPLs and ROPOA (real and other properties owned and acquired) we want to get the (best) possible combination and it’s either we do it singly or join other banks also wanting to settle their bad loans," said Gary B. Teves, president of LBP.


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REYNOLDS CORP

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                    [Title] => Landbank seeks jt venture to settle NPLs
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Landbank officials said the state-run bank is currently scouting for a possible joint venture partner which has the financial muscle to help the bank turn around its NPLs and acquired properties.


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                    [Title] => Landbank mulls AMC for NPLs, foreclosed assets
                    [Summary] => The Land Bank of the Philippines (LBP) plans to assign its P29.6-billion bad debts or non-performing loans (NPLs) plus some P11.1 billion worth of foreclosed properties to an asset management company (AMC) or enter into a joint venture with other institutions.


"We are looking at options on how to dispose of our NPLs and ROPOA (real and other properties owned and acquired) we want to get the (best) possible combination and it’s either we do it singly or join other banks also wanting to settle their bad loans," said Gary B. Teves, president of LBP.


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                    [Title] => Landbank mulls AMC for NPLs, foreclosed assets
                    [Summary] => The Land Bank of the Philippines (LBP) plans to assign its P29.6-billion bad debts or non-performing loans (NPLs) plus some P11.1 billion worth of foreclosed properties to an asset management company (AMC) or enter into a joint venture with other institutions.


"We are looking at options on how to dispose of our NPLs and ROPOA (real and other properties owned and acquired) we want to get the (best) possible combination and it’s either we do it singly or join other banks also wanting to settle their bad loans," said Gary B. Teves, president of LBP.


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abtest

Landbank seeks jt venture to settle NPLs

By Rocel Felix | September 23, 2001 - 12:00am

The Land Bank of the Philippines (LBP) plans to settle its bad debts or non-performing loans (NPLs) of P29.6 billion along with foreclosed properties worth P11.1 billion by entering into a joint venture with a foreign...

Business

Landbank mulls AMC for NPLs, foreclosed assets

July 2, 2001 - 12:00am

The Land Bank of the Philippines (LBP) plans to assign its P29.6-billion bad debts or non-performing loans (NPLs) plus some P11.1 billion worth of foreclosed properties to an asset management company (AMC) or enter...

Business

Landbank mulls AMC for NPLs, foreclosed assets

July 2, 2001 - 12:00am

The Land Bank of the Philippines (LBP) plans to assign its P29.6-billion bad debts or non-performing loans (NPLs) plus some P11.1 billion worth of foreclosed properties to an asset management company (AMC) or enter...

Business