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BPI again in talks with bad asset buyers, says president.
(From BusinessWorld (Philippines))
Byline: Ma. Elizabeth L. Sanchez
Second largest Bank of the Philippine Islands (BPI) said it is in talks with two foreign investors for the possible sale of nonperforming loans, BPI President Xavier P. Loinaz said.
"We are optimistic. We hope the elections will not derail this but in the long run we will have a deal," Mr. Loinaz said after an awarding ceremony that secured for the bank an integrated management system certification.
Mr. Loinaz, however, cited confidentiality agreements and declined to name the investors but hinted it was the same investors BPI was talking to for its idle asset sale …
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