Senator Leila de Lima is urging the Senate to look into the validity of the reported planned merger of two state-owned banks—the Landbank of the Philippines and United Coconut Planters Bank —as well as into the anomalies that may arise if the government’s plan proceeds.
“It behooves upon the Senate to determine whether the Landbank’s absorptive capacity would allow it to carry the liabilities and obligations of UCPB without, or at least with very minimal impact, on the Filipinos its charter intends to cater and serve,” De Lima said in her Senate Resolution No. 771. However, an analysis of the American Agency Fitch Ratings showed that the Landbank-UCPB merger may have a “negative impact on Landbank’s credit profile,” and inevitably hurt the former’s financial health given the latter’s weak financial position.
De Lima said it is imperative for the government to protect the public from disadvantageous negotiations, agreements and deals, of financial institutions—particularly those owned by the state—by strengthening existing laws and exercising its oversight functions to prevent financial institutions from engaging in wash sales.
Still wondering why has she not sued any of the news agencies that published all the graphic pictures and allegations against her? They made her look like a big joke. So I guess she is proving herself to be actually guilty.
Akala ng bastos relevant pa siya
Probe this, delima....😎😎😎