+ Follow WILFRIDO VERGARA Tag
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[0] => Array
(
[ArticleID] => 136382
[Title] => BSP orders Equitable PCI Bank to expand its board
[Summary] => Citing possible violations of the Corporation Code, the Bangko Sentral ng Pilipinas (BSP) has ordered Equitable PCI Bank to expand its 15-man board of directors to create a voting seat for its president, Deogracias Vistan Jr.
BSP sources told reporters yesterday that the bank has been directed to call a special stockholders’ meeting to amend its articles of incorporation to correct the discrepancy created by the shakedown that led to Vistan’s appointment as bank president and chief executive officer.
[DatePublished] => 2001-10-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 95925
[Title] => Equitable drops plan to restructure BSP loan
[Summary] => Determined to keep Bangko Sentral intervention to the minimum, Equitable PCI Bank has scrapped plans to restructure the balance of the P30-billion emergency loan received from the central monetary authority. Instead, the bank will push for a complete paydown plan for the loan.
"If they try to ask us for a restructuring of the loan, they will have to meet certain conditions that we will impose," said Bangko Sentral Governor Rafael Buenaventura. "If they pay us down, we don’t care whom they choose to keep on the board. We cannot interfere."
[DatePublished] => 2001-04-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 96636
[Title] => Equitable-PCI Bank loan growth impressive
[Summary] => Equitable-PCI Bank is estimated to realize cost savings of about P1 billion for 2001 due to its merger gains, an industry study shows.
In a latest study, ING Barings said this cost savings should help Equitable-PCI Bank achieve some 89 percent earnings growth to P3.2 billion and return-on-equity to recover to double digit rates to 13 percent from only nine percent in 2000.
"Its merger has also proved to be highly complementary. Note that EBC’s strength in the middle market is a good fit with the old PCI Bank’s strength among the large corporates," it said.
[DatePublished] => 2001-01-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 98652
[Title] => Equitable PCI Bank to boost remittance group
[Summary] => Equitable-PCI Bank plans to enhance the retail banking activities of its remittance group as part of its effort to become a global player by next year.
Equitable-PCI Bank president and chief executive officer Wilfrido Vergara said they are trying to bring to their remittance centers the services they are offering to their local branches. "We are bringing in retail banking products and services to our remittance group," he said.
[DatePublished] => 2000-10-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 100562
[Title] => Equitable-PCI plans to sell 20% stake to strategic partner
[Summary] =>
Equitable PCI Bank is willing to sell 20 to 30 percent of the bank to a
strategic partner through a private placement after its planned initial public
offering was postponed due to weak market performance in the past few
months.
"Long before, we are thinking of increasing our capital before the
deterioration of the stock market. Our plan is to go public. But prior to that
we are also looking at the possibility of private placement for strategic
investor.
[DatePublished] => 2000-04-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
WILFRIDO VERGARA
Array
(
[results] => Array
(
[0] => Array
(
[ArticleID] => 136382
[Title] => BSP orders Equitable PCI Bank to expand its board
[Summary] => Citing possible violations of the Corporation Code, the Bangko Sentral ng Pilipinas (BSP) has ordered Equitable PCI Bank to expand its 15-man board of directors to create a voting seat for its president, Deogracias Vistan Jr.
BSP sources told reporters yesterday that the bank has been directed to call a special stockholders’ meeting to amend its articles of incorporation to correct the discrepancy created by the shakedown that led to Vistan’s appointment as bank president and chief executive officer.
[DatePublished] => 2001-10-12 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[1] => Array
(
[ArticleID] => 95925
[Title] => Equitable drops plan to restructure BSP loan
[Summary] => Determined to keep Bangko Sentral intervention to the minimum, Equitable PCI Bank has scrapped plans to restructure the balance of the P30-billion emergency loan received from the central monetary authority. Instead, the bank will push for a complete paydown plan for the loan.
"If they try to ask us for a restructuring of the loan, they will have to meet certain conditions that we will impose," said Bangko Sentral Governor Rafael Buenaventura. "If they pay us down, we don’t care whom they choose to keep on the board. We cannot interfere."
[DatePublished] => 2001-04-30 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[2] => Array
(
[ArticleID] => 96636
[Title] => Equitable-PCI Bank loan growth impressive
[Summary] => Equitable-PCI Bank is estimated to realize cost savings of about P1 billion for 2001 due to its merger gains, an industry study shows.
In a latest study, ING Barings said this cost savings should help Equitable-PCI Bank achieve some 89 percent earnings growth to P3.2 billion and return-on-equity to recover to double digit rates to 13 percent from only nine percent in 2000.
"Its merger has also proved to be highly complementary. Note that EBC’s strength in the middle market is a good fit with the old PCI Bank’s strength among the large corporates," it said.
[DatePublished] => 2001-01-02 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[3] => Array
(
[ArticleID] => 98652
[Title] => Equitable PCI Bank to boost remittance group
[Summary] => Equitable-PCI Bank plans to enhance the retail banking activities of its remittance group as part of its effort to become a global player by next year.
Equitable-PCI Bank president and chief executive officer Wilfrido Vergara said they are trying to bring to their remittance centers the services they are offering to their local branches. "We are bringing in retail banking products and services to our remittance group," he said.
[DatePublished] => 2000-10-26 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] =>
[AuthorName] =>
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
[4] => Array
(
[ArticleID] => 100562
[Title] => Equitable-PCI plans to sell 20% stake to strategic partner
[Summary] =>
Equitable PCI Bank is willing to sell 20 to 30 percent of the bank to a
strategic partner through a private placement after its planned initial public
offering was postponed due to weak market performance in the past few
months.
"Long before, we are thinking of increasing our capital before the
deterioration of the stock market. Our plan is to go public. But prior to that
we are also looking at the possibility of private placement for strategic
investor.
[DatePublished] => 2000-04-19 00:00:00
[ColumnID] => 133272
[Focus] => 0
[AuthorID] => 1096364
[AuthorName] => Donnabelle L. Gatdula
[SectionName] => Business
[SectionUrl] => business
[URL] =>
)
)
)
abtest
October 12, 2001 - 12:00am
October 26, 2000 - 12:00am
