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The stockholders of AMA Bank have infused more than P678 million in equity contribution since the AMA Group took over in 1998.
Financial highlights are as follows:
Financial Highlights
For the Year ended December 31, 2007
(Unaudited)
(Amount in Thousands)
| Total Resources/Assets |
P 2,386,772 |
| Total Cash in BSP |
20,731 |
| Total Loans Receivable |
1,850,221 |
| Total Cash in Vault/Banks |
372,075 |
| Total Deposit Liabilities |
1,792,840 |
| Total Capital |
181,908 |
| Net Income |
9,786 |
The car loan financing program is the centerpiece of the bank's loan portfolio growth. On the other hand, the "Dobol Your Money " and "Free Cellphone" Programs have been the drivers of growth in the bank's deposit levels. Hand in hand with these product and market development strategies, is our collection efficiency which has resulted in a past due loan ratio of
3.0% which is way below the banking industry average of 10-12%.
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