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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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