31. The loan receivable will be purchased and securitized through an increase of MBS by Urban Bank and two or three other bank partners. 32. In 1997, Urban Bank incorporated a subsidiary, Urbancorp Development Bank ( UDB ), a thrift bank based in Cebu City. 33. In contrast to the credit unions, urban banks that lacked these local information and enforcement advantages could not profitably serve this market. 34. Victorias Milling fell 0.50 peso to 4.10 on reports Urban Bank had received a court order freezing Victorias'assets. 35. Other banks that have done the same are Rizal Commercial Banking Corp ., Urban Bank , Equitable Bank and Philippine Commercial International Bank. 36. Two of Metro Pacific's partners-- Filinvest Development Corp . and Urban Bank -- are hedging their bets just in case. 37. Other than becoming a universal bank in 1994, Urban Bank was also granted a licence to engage in quasi-bank operations as well. 38. Both Urban Bank and Urbancorp Investments suffered the run due to a jittery financial market at the hands of negative news that Urban Bank denies. 39. Both Urban Bank and Urbancorp Investments suffered the run due to a jittery financial market at the hands of negative news that Urban Bank denies. 40. It also will use 119 million pesos generated from the recent sale of its 5 percent stake in Urban Bank to repay debt, Rodriguez said.
