Listed Philippine National Bank (PNB) will dispose its non-performing assets (NPAs) by selling it to special-purpose firms to be created under the Financial Institutions Strategic Transfer o FIST Act, an executive announced.
“Yes, we have intentions of availing of the provisions on the FIST law,” PNB Chief Financial Officer Sonny Reyes told reporters during a virtual briefing late last week.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.