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Behest loan [16] — A loan granted to individuals or corporations favored by a powerful government official despite their lack of qualifications to receive such a loan. It is a mechanism for graft and political corruption particularly used in authoritarian regimes , where financial institutions such as banks are placed under intense pressure ...
BPI was established on August 1, 1851, as the "El Banco Español Filipino de Isabel II" (lit. ' The Spanish-Filipino Bank of Isabel II '), named after the Queen of Spain, Isabella II, the daughter of King Ferdinand VII. It was the first government bank in the Philippines and the third Philippine bank during the Spanish era.
January 30 – The Anti-Terrorism Council announces its resolutions, dated December 7, 2022, designating community doctor Natividad Castro, an alleged active member of the Communist Party of the Philippines–New People's Army–National Democratic Front, and the Al Khobar Group in Mindanao, allegedly linked to the Dawlah Islamiyah, as terrorists.
The Supreme Court releases an August 7, 2023 decision ordering the Sandiganbayan to reopen a graft case involving the granting of two loans worth ₱660 million in 2009 by the Development Bank of the Philippines to a firm owned by businessman Roberto Ongpin. However, it upholds the dismissal of charges against Ongpin, DBP president Reynaldo ...
Expected loss is the sum of the values of all possible losses, each multiplied by the probability of that loss occurring.. In bank lending (homes, autos, credit cards, commercial lending, etc.) the expected loss on a loan varies over time for a number of reasons.
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Eid Mubarak (Arabic: عِيد مُبَارَك, romanized: ʿīd mubārak) is an Arabic phrase that means "blessed feast or festival". [1] The term is used by Muslims all over the world as a greeting to celebrate Eid al-Fitr (which marks the end of Ramadan) and Eid al-Adha (which is in the month of Dhu al-Hijjah).
The Philippines, [f] officially the Republic of the Philippines, [g] is an archipelagic country in Southeast Asia. In the western Pacific Ocean , it consists of 7,641 islands , with a total area of roughly 300,000 square kilometers, which are broadly categorized in three main geographical divisions from north to south: Luzon , Visayas , and ...