37919-014: PHI: NHMFC's DISPOSAL OF NON-PERFORMING LOANS

Project Data Sheet (PDS): Overview

Description

The goal of the Project is to catalyze the non-performing asset (NPA) and non-performing loan (NPL) market in the Philippines, enable NHMFC to focus on its role as a secondary housing mortgage institution, and provide much needed liquidity to the Philippine pension system through the repayment of NHMFC's debt to the Social Security System and the Home Development Mutual Fund. Read More

Country Philippines
Borrower/Equity Investment Name
Project Number 37919-014
Type or Modality of Assistance PS
Financing Private sector (Nonsovereign)
Status Approved
Approval Numbers 7206/2155
Approval Date 17 Dec 2004
Geographical Location Philippines
Sector Finance
Subsector Housing finance
Safeguard Categories Environment: C

 

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