+ Follow SPECIAL PURPOSE VEHICLE LAW Tag
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 383535
[Title] => RCBC to put up 15 new branches, 70 ATMs
[Summary] =>
The Yuchengco-owned Rizal Commercial Banking Corp. (RCBC) plans to put up 15 new branches and about 70 new automated teller machines (ATMs) to further strengthen its presence in the highly-competitive banking industry.
As of end 2006, RCBC had a total of 289 branches, five extension offices, complemented by 258 ATM facilities.
RCBC said funding for the expansion will come from its proposed issuance of 250 million common shares which is still subject to the approval of regulators.
[DatePublished] => 2007-02-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 344113
[Title] => RCBC taps Citibank, Deutsche Bank for hybrid Tier I debt instrument
[Summary] => The Rizal Commercial Banking Corp. (RCBC) has tapped Citibank NA and Deutsche Bank as lead manager for its $100-million hybrid Tier 1 debt instrument issue.
The Yuchengco-led commercial bank is reportedly looking at September for its roadshow. However, the roadshow date was actually tentative placing interest rates as the principal condition.
Bank officials who asked not to be named said that rates were still moving uncomfortably upwards. In fact, the United States Federal Reserve (US Fed) is expected to increase rates by another 25 basis points.
[DatePublished] => 2006-06-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[2] => Array
(
[ArticleID] => 318215
[Title] => Regional-type bank M&As logical option
[Summary] => The biggest challenge of the country’s thrift and development banking industry is capital adequacy and asset quality. And the options for improving the situation are getting fewer.
Total deposits and loans slightly grew last year, but so have the weight of bad assets in the system.
Gross loan portfolio grew to P183 billion end September 2005 from P163 billion in the same period in 2004. But real or otherwise properties owned or acquired (ROPOA) likewise grew from P34.2 billion in 2004 to P34.8 billion as of September 2005.
[DatePublished] => 2006-01-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[3] => Array
(
[ArticleID] => 317230
[Title] => RCBC raising P5B in additional capital
[Summary] => The Rizal Commercial Banking Corp. (RCBC) is raising up to P5 billion in additional capital to meet the requirements of regulators as well as finance its expansion plans.
Owned by the Yuchengco Group, RCBC plans to raise the amount through the issuance of preferred shares, the sale of non-performing assets (NPAs) with the help of the Special Purpose Vehicle Law (SPV Law), public auctions, and the entry of new partners.
[DatePublished] => 2006-01-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 309670
[Title] => OFW dollars boost domestic liquidity
[Summary] => Remittances from overseas Filipino workers (OFW) fueled the growth in domestic liquidity but there was a slight slowdown in growth to 14.1 percent in October from 14.8 percent a year ago.
Data from the Bangko Sentral ng Pilipinas (BSP) indicated that demand for money remained strong in October, with domestic liquidity or M3 rising year-on-year to P2.248 trillion.
[DatePublished] => 2005-12-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 204439
[Title] => IMF talks to focus on RP’s fiscal policy
[Summary] => The International Monetary Fund (IMF) said yesterday the country’s growth outlook, balance of payments and fiscal policy will be the primary focus of its discussions with Philippine economic and finance officials when they meet for the post-program monitoring (PPM) review beginning next week.
IMF resident representative Vikram Haksar said in a statement yesterday that in matters related to the Arroyo administration’s fiscal policy framework, the IMF mission also wanted to discuss measures being undertaken to strengthen tax administration.
[DatePublished] => 2003-05-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 194344
[Title] => SEC seeks public’s views on SPV rules
[Summary] => The Securities and Exchange Commission (SEC), soliciting the comments of the public on the final draft of its implementing rules and regulations for the Special Purpose Vehicle Law.
SEC Chairman Lilia R. Bautista said the IRR will be endorsed to the private sector (including the Bankers Association of the Philippines and consultancy firms) and other government agencies for their comments.
[DatePublished] => 2003-02-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
SPECIAL PURPOSE VEHICLE LAW
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 383535
[Title] => RCBC to put up 15 new branches, 70 ATMs
[Summary] =>
The Yuchengco-owned Rizal Commercial Banking Corp. (RCBC) plans to put up 15 new branches and about 70 new automated teller machines (ATMs) to further strengthen its presence in the highly-competitive banking industry.
As of end 2006, RCBC had a total of 289 branches, five extension offices, complemented by 258 ATM facilities.
RCBC said funding for the expansion will come from its proposed issuance of 250 million common shares which is still subject to the approval of regulators.
[DatePublished] => 2007-02-05 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1804021
[AuthorName] => Zinnia B. Dela Peña
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 344113
[Title] => RCBC taps Citibank, Deutsche Bank for hybrid Tier I debt instrument
[Summary] => The Rizal Commercial Banking Corp. (RCBC) has tapped Citibank NA and Deutsche Bank as lead manager for its $100-million hybrid Tier 1 debt instrument issue.
The Yuchengco-led commercial bank is reportedly looking at September for its roadshow. However, the roadshow date was actually tentative placing interest rates as the principal condition.
Bank officials who asked not to be named said that rates were still moving uncomfortably upwards. In fact, the United States Federal Reserve (US Fed) is expected to increase rates by another 25 basis points.
[DatePublished] => 2006-06-27 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[2] => Array
(
[ArticleID] => 318215
[Title] => Regional-type bank M&As logical option
[Summary] => The biggest challenge of the country’s thrift and development banking industry is capital adequacy and asset quality. And the options for improving the situation are getting fewer.
Total deposits and loans slightly grew last year, but so have the weight of bad assets in the system.
Gross loan portfolio grew to P183 billion end September 2005 from P163 billion in the same period in 2004. But real or otherwise properties owned or acquired (ROPOA) likewise grew from P34.2 billion in 2004 to P34.8 billion as of September 2005.
[DatePublished] => 2006-01-24 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Banking
[SectionUrl] => banking
[URL] =>
)
[3] => Array
(
[ArticleID] => 317230
[Title] => RCBC raising P5B in additional capital
[Summary] => The Rizal Commercial Banking Corp. (RCBC) is raising up to P5 billion in additional capital to meet the requirements of regulators as well as finance its expansion plans.
Owned by the Yuchengco Group, RCBC plans to raise the amount through the issuance of preferred shares, the sale of non-performing assets (NPAs) with the help of the Special Purpose Vehicle Law (SPV Law), public auctions, and the entry of new partners.
[DatePublished] => 2006-01-18 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1097672
[AuthorName] => Ted P. Torres
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 309670
[Title] => OFW dollars boost domestic liquidity
[Summary] => Remittances from overseas Filipino workers (OFW) fueled the growth in domestic liquidity but there was a slight slowdown in growth to 14.1 percent in October from 14.8 percent a year ago.
Data from the Bangko Sentral ng Pilipinas (BSP) indicated that demand for money remained strong in October, with domestic liquidity or M3 rising year-on-year to P2.248 trillion.
[DatePublished] => 2005-12-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[5] => Array
(
[ArticleID] => 204439
[Title] => IMF talks to focus on RP’s fiscal policy
[Summary] => The International Monetary Fund (IMF) said yesterday the country’s growth outlook, balance of payments and fiscal policy will be the primary focus of its discussions with Philippine economic and finance officials when they meet for the post-program monitoring (PPM) review beginning next week.
IMF resident representative Vikram Haksar said in a statement yesterday that in matters related to the Arroyo administration’s fiscal policy framework, the IMF mission also wanted to discuss measures being undertaken to strengthen tax administration.
[DatePublished] => 2003-05-01 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096655
[AuthorName] => Des Ferriols
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[6] => Array
(
[ArticleID] => 194344
[Title] => SEC seeks public’s views on SPV rules
[Summary] => The Securities and Exchange Commission (SEC), soliciting the comments of the public on the final draft of its implementing rules and regulations for the Special Purpose Vehicle Law.
SEC Chairman Lilia R. Bautista said the IRR will be endorsed to the private sector (including the Bankers Association of the Philippines and consultancy firms) and other government agencies for their comments.
[DatePublished] => 2003-02-06 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
February 6, 2003 - 12:00am
