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Philippine banks' exposure to Lehman limited -- Tetangco


Reuters
First Posted 13:03:00 09/17/2008

Filed Under: Economy, Business & Finance

MANILA, Philippines -- Local lenders' exposure to Lehman Brothers represents 0.3-0.4 percent of total assets in the local banking system, the central bank governor said Wednesday.

Amando Tetangco said most of the exposure was through structured products.


Copyright 2009 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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