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BPI Family Bank to pioneer auto loan securitization

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Screengrab from http://www.bpiloans.com/

Leading thrift bank BPI Family Bank plans to pioneer auto loan securitization in the country by unloading part of its auto loan portfolio into a special purpose trust (SPT) which will in turn sell P5 billion in retail bonds backed by these receivables.

Posted: August 20th, 2014 in Latest Business Stories | Read More »

PH to sustain GDP growth momentum, says Stanchart

Standard Chartered Bank, the oldest foreign bank in the Philippines, sees the country sustaining a pace of growth above 7 percent this year and next year on the back of strong private consumption and investment growth.

Posted: June 12th, 2014 in Headlines | Read More »

JG Summit’s retail bonds seen to raise P30B

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Lance Gokongwei, president of JG Summit. AFP FILE PHOTO

Gokongwei-led conglomerate JG Summit Holdings Inc. is raising as much as P30 billion from the issuance of retail bonds to partly fund its investment in Manila Electric Co.

Posted: November 28th, 2013 in Latest Business Stories | Read More »

Double or knotting

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As it turns out, none other than the Court of Appeals, the CA itself, now stands in the way of this troubled financial company from getting back its own money amounting to some P270 million.

Posted: October 10th, 2013 in Columnists,Inquirer Columns | Read More »

DOJ orders criminal raps vs bank exec

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Justice Secretery Leila de Lima. INQUIRER FILE PHOTO

The Department of Justice (DOJ) has ordered the filing of criminal charges against an official of the Standard Chartered Bank Philippines for allegedly making false assertions before the court by deliberately withholding information that the bank had gotten collateral for its loan to a local firm.

Posted: October 5th, 2013 in Latest Business Stories | Read More »

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