PSE Circular for Brokers No. 351-00
PSE Circular for Brokers No. 351-00 • Philippine Stock Exchange • Circulars for Brokers • Feb 15, 2000
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February 15, 2000 PSE CIRCULAR FOR BROKERS NO. 351-00 February 10, 2000 Ms. Grace B. De Guia Assistant Manager Disclosure Department The Philippine Stock Exchange, Inc. Dear Ms. De Guia : This refers to your letter dated February 10, 2000 requesting for clarification/confirmation of the news article, "PNB's bad loans ratio severely understated" which appeared in the issue of the Business World today. As reflected in our published statement of condition as of December 21, 1999, the nonperforming loan ratio of Philippine National Bank is 29%, not 40%. This was computed by us on the basis of Circular No. 202 dated May 27, 1999 of the Bangko Sentral ng Pilipinas. Very truly yours, (SGD.) FELICIANO L. MIRANDA, JR.
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