Archive for the ‘Loans’ Category
Manila Water signed P500M loan deal for its Boracay unit
Boracay Island Water Co. Inc. signed a P500-million term loan facility with Development Bank of the Philippines and Security Bank recently. The terms of the loan include an option to increase the amount the P1 billion. A subsidiary of the Ayala-led Manila Water Co., the loan will be used to finance the additional capital expenditure [...]
August 2, 2011
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Tags: bank loan, Boracay, Boracay Island Water, business news, finance, investment, Manila Water, P500 million loan, Philippines, revolving fund · Posted in: Announcement, banking, Business News, business opportunity, Corporations, economy, entrepreneurship, finance, Government, International relations, investments, Loans, money, Philippine business news, Philippines
Security Bank acquires Premiere Bank
Security Bank acquires Premiere Bank. One of the country’s largest lenders in terms of assets, Security Bank Corp. acquired 98 percent of Premiere Development Bank for P1.3 billion. The bank said the acquisition is part of its plan to expand it bank network, build its loan portfolio and expand its customer base. Security Bank bought [...]
June 3, 2011
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Tags: acquisition, bank, banking, business news, commercial bank, finance, lenders, merger, Philippines, Premiere Bank, Security Bank, shareholders, thrift bank · Posted in: banking, Business News, Corporations, Customer Service, finance, investments, Loans, money, Philippine business news, Philippines
New credit card from RCBC
RCBC Bankard recently launched a new credit card which is targeted to serve the upscale needs of discerning shoppers. The new credit card from RCBC was created in tie-up with Barcelona-based clothing brand Mango and Mastercard. Called the Mango-RCBC Bankard MasterCard, it is the latest addition to MasterCard’s growing roster of value-driven cards. Holders of [...]
May 24, 2010
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Tags: Bankard, Business, credit card, fashion, finance, Mango, Mango-RCBC Bankard MasterCard, MasterCard, money, Philippines, RCBC · Posted in: Announcement, banking, Consumers, finance, Loans, money, Philippine banks, Philippines, Products
Five banks signed trade finance agreement with ADB
The Asian Development Bank is making funds available to Philippine traders via its $1-billion regional facility. To help traders get access to this fund, the ADB signed a trade finance agreement with five banks – Development Bank of the Philippines, Metropolitan Bank and Trust Co., Philippine National Bank, Rizal Commercial Banking Corp. and Allied Banking [...]
February 23, 2010
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Tags: ADB, bank, banking, finance, funds, money, Philippine · Posted in: Announcement, banking, Corporations, economy, finance, Loans, money, Opportunities, Philippine banks, Philippine business news, Philippines
Globe puts up first mobile microfinance bank
Globe Telecommunications, Inc., together with sister company Ayala Corp., is all set to put up the Philippine’s first mobile microfinance banking unit. That is because the Banko Sentral ng Pilipinas approved the Globe and Ayala’s entry into the banking industry. The new bank, will be called “BPI Globe Banko, A Savings Bank” will be using [...]
October 12, 2009
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Tags: Ayala, Banks, BPI, BPI Globe Banko, BSP, Business, business loans, capitalization, entrepreneur, financing, funds sources, Globe, Loans, microfinancing, mobile financing, NGOs, Philippines, SMEs · Posted in: Announcement, banking, Employment, finance, investments, Loans, money, Philippine banks, Philippine business news, Philippines
ADB approved $500 M loan to the Philippines
The Philippines gets fresh funds as the Asian Development Bank (ADB) approved a loan $500 million to the country. The loan is said to help boost the Philippines’ fiscal spending amid the global economic recession. It is the first loan to be released under the ADB’s Countercyclical Support Facility (CSF) established in June to help [...]
August 24, 2009
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Tags: $500-million loan, ADB, CSF, finance, funding, Loans, money, Philippines · Posted in: Announcement, finance, Government, Loans, money, Philippine business news, Philippines
