Friday, June 22, 2007

Philippines' BPI sells bad loans to Bank of America

(Reuters) - BPI said aside from Bank of America, four other foreign
institutions submitted bids for the loans.




Philippine commercial banks' non-performing loans have
fallen to 5.27 percent of total loans as of end April from a
peak of about 18 percent in 2001.


Read more at Reuters.com Bonds News

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