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                    [ArticleID] => 286171
                    [Title] => ADB backs sale of banks’ bad loans, assets
                    [Summary] => The Asian Development Bank (ADB) said yesterday it has approved a local currency loan to finance the purchase of a portfolio of non-performing loans and assets from Equitable PCI Bank and Equitable Savings Bank of the Philippines by a special purpose group. 


The size of the loan was not disclosed at the request of the special purpose vehicle, Cameron Granville Asset Management, the ADB’s principal structured finance specialist William Willms told AFP. 


                    [DatePublished] => 2005-07-13 00:00:00
                    [ColumnID] => 133272
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                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 272650
                    [Title] => Equitable sells  P5.3-B NPAs to German bank
                    [Summary] => Equitable PCI Bank, together with its subsidiary, Equitable Savings Bank,    recently   unloaded P5.3 billion worth of    non-performing assets (NPA) to a special purpose vehicle (SPV) controlled by Bayerische Hypo- und Vereinsbank AG, Germany’s second  largest private commercial bank. 


In a disclosure to the Philippine Stock Exchange (PSE), Equitable said it is selling, together with its savings bank subsidiary, the NPAs to Cameron Granville Asset Management (SPV-AMC) Inc., a  Philippine-registered SPV. 


                    [DatePublished] => 2005-04-04 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
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VEREINSBANK

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                    [ArticleID] => 286171
                    [Title] => ADB backs sale of banks’ bad loans, assets
                    [Summary] => The Asian Development Bank (ADB) said yesterday it has approved a local currency loan to finance the purchase of a portfolio of non-performing loans and assets from Equitable PCI Bank and Equitable Savings Bank of the Philippines by a special purpose group. 


The size of the loan was not disclosed at the request of the special purpose vehicle, Cameron Granville Asset Management, the ADB’s principal structured finance specialist William Willms told AFP. 


                    [DatePublished] => 2005-07-13 00:00:00
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                    [ArticleID] => 272650
                    [Title] => Equitable sells  P5.3-B NPAs to German bank
                    [Summary] => Equitable PCI Bank, together with its subsidiary, Equitable Savings Bank,    recently   unloaded P5.3 billion worth of    non-performing assets (NPA) to a special purpose vehicle (SPV) controlled by Bayerische Hypo- und Vereinsbank AG, Germany’s second  largest private commercial bank. 


In a disclosure to the Philippine Stock Exchange (PSE), Equitable said it is selling, together with its savings bank subsidiary, the NPAs to Cameron Granville Asset Management (SPV-AMC) Inc., a  Philippine-registered SPV. 


                    [DatePublished] => 2005-04-04 00:00:00
                    [ColumnID] => 133272
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                    [AuthorName] =>  Ted P. Torres
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abtest

ADB backs sale of banks’ bad loans, assets

July 13, 2005 - 12:00am

The Asian Development Bank (ADB) said yesterday it has approved a local currency loan to finance the purchase of a portfolio of non-performing loans and assets from Equitable PCI Bank and Equitable Savings Bank of...

Business

Equitable sells P5.3-B NPAs to German bank

By Ted P. Torres | April 4, 2005 - 12:00am

Equitable PCI Bank, together with its subsidiary, Equitable Savings Bank, recently unloaded P5.3 billion worth of non-performing assets (NPA) to a special purpose vehicle (SPV) controlled by Bayerische Hypo-...

Business