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FIST attracts 4 banks to offload bad assets

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. ....

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More banks signal intent to sell NPAs - BusinessWorld Online

More banks signal intent to sell NPAs - BusinessWorld Online
bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.

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FIST paves way for creation of 5 new firms

Five financial institution strategic transfer corporations have been established since a law, which allows private firms to acquire the soured loans of banks, was approved nearly a year ago, the Securities and Exchange Commission said. ....

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5 FIST corporations now set up—DOF

The Securities and Exchange Commission (SEC) has approved five corporations that will acquire the bad loans and non-performing assets (NPAs) of financial institutions affected by the pandemic-induced crisis, the Department of Finance (DOF) said.

In a statement, the DOF said that five Financial I ....

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Slow FISTC rollout due to 'strong' PHL banks | Bernadette D. Nicolas

FIVE asset management companies have been set up since the enactment of the law almost a year ago allowing the creation of these entities to enable banks and other credit-granting institutions to offload bad loans and non-performing assets they have accumulated during the pandemic. The Securities and Exchange Commission (SEC)… ....

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