Singapore court awards Marcos millions to PNB

[chrisvil]

---

Trustee ang PNB, mao cla ang gihatagan. Pero dli na sa iya gyud na sa PNB kondili Trustee.

[salbahis]

Dili naman tingali, kay ang tanan transaction sa Gobyerno kay sa Landbank naman...

The Philippine National Bank was established as a government-owned banking institution on July 22, 1916 with headquarters in the old Masonic Temple along Escolta, Manila. Its primary mandate was to provide financial services to Philippine industry and agriculture and support the government's economic development effort.

In May 2002, the Government and the Lucio Tan Group sealed the Memorandum of Agreement (MOA) that embodies the provisions that will help turn the Bank around. It includes, among others, the settlement of government's liquidity assistance by way of increasing government's stake in the Bank from 16.58% to 44.98% that is now equal to the Lucio Tan Group's 44.98% from 68%. At the same time, the bank started operating under a 5-year Rehabilitation program.

Source: History

well it is now owned by Lucio Tan and merge with allied bank but im pretty sure govt has some shares gihapon...

[Renz8]

Ayay didto man ghapon g hatag sa Singaporean court sa PNB nga ang head ana nga si Luceo Tan #1 crony man ni Marcos sama ra dia nga ila g blik nila ni Marcos ang kwarta ngano dli naman lng sa Philippine government nila g uli?

[jack_bauer]

Ayay didto man ghapon g hatag sa Singaporean court sa PNB nga ang head ana nga si Luceo Tan #1 crony man ni Marcos sama ra dia nga ila g blik nila ni Marcos ang kwarta ngano dli naman lng sa Philippine government nila g uli?

trustee man daw ang PNB sa funds..

[EviLHigH]

yahaya, gud sa taga singapore anah nya kta na hinuon nag lisud......