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PHILIPPINES CENTRAL BANK SAYS LEVEL OF BAD LOANS UNACCEPTABLE.
MANILA, March 1 Asia Pulse - The Bangko Sentral ng Pilipinas has said that the current double-figure precentage of non-performing loans (NPLs) held by the country's commercial banks is unacceptable.
In a forum hosted by the local unit of Deutsche Bank yesterday, BSP governor Rafael Buenaventura said the government was doing its best to help cut the ratio of bad loans back to the 1997 average level of around three per cent.
"NPLs ranging from 18 per cent to 20 per cent is clearly unacceptable," he told a gathering of business leaders and investors at the Philippine Business Outlook forum held at the Manila Peninsula Hotel today.
He said the up trend in bad loans, last monitored averaging 18.76 per cent or P294 billion at end-November last year, is the reason why legislators joined hands with industry regulators to pass a law creating so-called asset management companies (AMCs).
AMCs buy and sell foreclosed bank assets at discounted rates and allow heavily ...
- Share of bad loans in bank retail portfolios reached 10.1% on July 1 - Central...
- Newspaper article from: Russia & CIS Business and Financial Newswire August 10, 2009 700+ words
Share of bad loans in bank retail portfolios...10.1% on July 1 - Central Bank NIZHNY NOVGOROD. Aug...the deputy head of the Central Bank's department of banking...Loans are rated under the Central Bank provision on formation...
- Level of Bad Loans in Thailand Close to 18 Percent Under Revised Calculation.
- Newspaper article from: Knight Ridder/Tribune Business News September 14, 2002 700+ words
...chair a workshop on bad loans and debt restructuring...Bangkok Hotel. The central bank yesterday held a briefing on current bad loans to clear up ambiguities...end of July, the central bank reported bad loans at 468.7 billion...
- SRI LANKA CENTRAL BANK IN BID TO PUSH CREDIT.
- News wire article from: AsiaPulse News March 23, 2009 700+ words
...Asia Pulse - Sri Lanka's central bank has asked banks to lend to...banks that are wary of rising bad loans. The central bank said it had cut its de facto...per cent. "However, the Central Bank notices with concern, that...
- UKRAINE-BAD-LOANS-NBU.
- Newspaper article from: Ukraine News October 29, 2009 700+ words
...LOANS-NBU Share of bad loans in Ukraine hits...October 1, says central bank Kyiv, October 29...The share of bad loans in the overall amount...According to a central bank report, the amount of bad loans in monetary terms...
- Domestic banks step up efforts to reduce bad loans portfolio.(Business)
- Newspaper article from: Manila Bulletin August 2, 2003 700+ words
...to dispose foreclosed and bad loans through the establishment...are scouting to siphon off bad loans. These are Deutsche Bank...International Finance Corp. The central bank was hoping that the bad loans would stabilize at current...
- Central Bank Chief Gives Upbeat Speech on Thai Economic Progress.
- Newspaper article from: Knight Ridder/Tribune Business News August 22, 2002 700+ words
...Pridiyathorn said bad loans had been resolved...Potential losses for bad loans were now fully covered...were owned by the central bank's Financial Institutions...to prevent future bad loans. On the fiscal side, central bank economist Varapat...
- Nigerian central bank fires five bank managers.
- Magazine article from: Global Banking News (GBN) August 18, 2009 700+ words
...were fired after a central bank audit found that the banks had too many bad loans in its books. The central bank has the authority...lost their money in bad loans. We have put in...management,' said central bank governor Lamido...
- Online.(Financial Reporting Council'S standards for financial services)(Ernst &...
- Magazine article from: Accountancy Age Hawkes, Alex May 18, 2006 700+ words
...issued on the country's bad loans was 'factually erroneous...wrongly estimated Chinese bad loans at more than $900bn...478bn). China's Central Bank called the report 'ridiculous...regulator put China's bad loans at $164bn, only a fifth...
