Development Bank of the Philippines Dumps US$ 207 Million in Non-Performing Loans – Who is the Lucky Buyer?

Posted by Joachim Bartels | Nov 24, 2010 | Company, Country, Development Bank of the Philippines, Financial Information, Industry, Newsletters, Philippines | 0 |

Following the newly restored special purpose vehicle law, the Development Bank of the Philippines announced that it will auction P11 billion ($207 million) of non-performing loans on August 30. A successful auction will wipe out the bank’s bad loans and reduce its idle property assets to below two percent of total assets. Source: The Asian Banker

BIIA Newsletter September – 2006 Issue

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Joachim Bartels

Joachim C Bartels is a co-founder, director, head of information resources and Editor-in-Chief of BIIA. In his capacity as Editor-in-Chief he is responsible for the selection of relevant information content concerning industry insights, trends, technological developments, standards and policies impacting BIIA members in particular and the business information industry in general.

The BIIA library is approaching 10,000 news items and best demonstrated practices. BIIA members receive regular news alerts on key developments in the industry and the regulatory environment. The BIIA readership is widespread: between 4 to 5 thousand unique visitors access BIIA.com per month.