^
+ Follow URBANK BANK Tag
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 99057
                    [Title] => Land Bank nixes plan to sue Urban Bank
                    [Summary] => 

Land Bank of the Philippines will no longer pursue its plan to file a lawsuit against Urban Bank of the latter's inability to pay back P1.050 billion in interbank loans before it declared a bank holiday on April 26, sources told The STAR over the weekend.

"It's not true (that Land Bank is suing Urbank Bank)," sources said.

This was confirmed by Urbank Bank president Teodoro Borlongan, who said that he has talked with Land Bank president Florido Casuela days after the bank was closed. He said Casuela "understood" what happened to the bank.

[DatePublished] => 2000-05-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 100626 [Title] => SSS not planning to sell stake in Equitable PCI [Summary] =>

The Social Security System (SSS) has no plans as of now of unloading its shares in the merged Equitable PCI Bank, a ranking SSS official said yesterday.

In an interview with The STAR , SSS chief actuary and investment head Horace Templo said they consider their investment in the second biggest bank in the country as a long-term investment. He said that as of the moment there is no need for them to sell their stake in the bank. [DatePublished] => 2000-04-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )

URBANK BANK
Array
(
    [results] => Array
        (
            [0] => Array
                (
                    [ArticleID] => 99057
                    [Title] => Land Bank nixes plan to sue Urban Bank
                    [Summary] => 

Land Bank of the Philippines will no longer pursue its plan to file a lawsuit against Urban Bank of the latter's inability to pay back P1.050 billion in interbank loans before it declared a bank holiday on April 26, sources told The STAR over the weekend.

"It's not true (that Land Bank is suing Urbank Bank)," sources said.

This was confirmed by Urbank Bank president Teodoro Borlongan, who said that he has talked with Land Bank president Florido Casuela days after the bank was closed. He said Casuela "understood" what happened to the bank.

[DatePublished] => 2000-05-15 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => [AuthorName] => [SectionName] => Business [SectionUrl] => business [URL] => ) [1] => Array ( [ArticleID] => 100626 [Title] => SSS not planning to sell stake in Equitable PCI [Summary] =>

The Social Security System (SSS) has no plans as of now of unloading its shares in the merged Equitable PCI Bank, a ranking SSS official said yesterday.

In an interview with The STAR , SSS chief actuary and investment head Horace Templo said they consider their investment in the second biggest bank in the country as a long-term investment. He said that as of the moment there is no need for them to sell their stake in the bank. [DatePublished] => 2000-04-26 00:00:00 [ColumnID] => 133272 [Focus] => 0 [AuthorID] => 1096364 [AuthorName] => Donnabelle L. Gatdula [SectionName] => Business [SectionUrl] => business [URL] => ) ) )

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