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There are few takers for a law that allows banks to offload bad loans even at substantial discount to ensure a sound and safe financial system as the industry recovers from the impact of the pandemic, according to the Bangko Sentral ng Pilipinas.

Richie suguitanBangko sentralExchange commissionPhilippine recovery companyPh private limited corpRepublic actFinancial institutions strategic transferSpecial purpose vehicle actArgo global servicing philippinesResurgent capitalPrivate limited corp