AccessMyLibrary provides FREE access to millions of articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
PDIC rejects Al Amanah plea for P400-M credit line.
(From BusinessWorld (Philippines))
Byline: Paolo Joseph L. Lising
The financial rehabilitation of debt-saddled Al Amanah Islamic Investment Bank of the Philippines has hit another snag after the bank's request for P400-million credit line from Philippine Deposit Insurance Corp. (PDIC) was denied.
The rehabilitation of the only Islamic bank in the country is aimed at making the bank profitable so that it could be attractive to buyers. The government is currently selling off assets, particularly those that are not making money. The bank is currently saddled with P7 million in bad loans and P32 million in foreclosed assets.
"The liquidity …
-
- Philippines: Amanah Islamic Bank launched in Davao City.
-
News wire article from: Thai Press Reports
April 18, 2011
700+ words
-
- Dismissed gov't employee raises.
-
Magazine article from: BusinessWorld (Philippines)
November 21, 2001
700+ words
-
- PHILIPPINE NEWSPAPER HIGHLIGHTS - AUG 22, 2005.
-
News wire article from: Asia Africa Intelligence Wire
August 22, 2005
700+ words
-
- Creating new Islamic bank not possible, say regulators.
-
News wire article from: Asia Africa Intelligence Wire
March 25, 2004
700+ words
-
- BSP to sue fake Islamic bank.
-
Magazine article from: BusinessWorld (Philippines)
August 7, 2000
700+ words
