PSE Circular for Brokers No. 3247-99
PSE Circular for Brokers No. 3247-99 • Philippine Stock Exchange • Circulars for Brokers • Dec 21, 1999
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December 21, 1999 PSE CIRCULAR FOR BROKERS NO. 3247-99 December 20, 1999 MS. GRACE DE GUIA Assistant Manager, Disclosure Dept. Philippine Stock Exchange, Inc. PSE Centre, Exchange Road Ortigas, Center, Pasig City Dear Ms. de Guia: Banco Filipino today normalized its relations with the BSP when it signed a Memorandum of Agreement to fully settle the claims of the Central Bank which were transferred to Bangko Sentral ng Pilipinas. Total amount of the full payment to BSP by way of dacion en pago with a buy-back option is P3,673,031,615.41. This payment is without prejudice to the damage claim of Banco Pilipino against the CB-BoL of at least P18.8 Billion which the Supreme Court has already affirmed with finality. This claim is now being heard at the Makati Regional Court for the determination of the actual amount to be paid to Banco Filipino. prcd Thank you. Very truly yours, (SGD.) ATTY. FRANCISCO A. RIVERA VP & Corporate Secretary
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