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Friday, March 29, 2024

Metrobank loans

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Metropolitan Bank & Trust Co. extends a total of P20.5 billion in loans to two strategic business units of Aboitiz Equity Ventures Inc. Attending the loan signing ceremony are (from left) Aboitiz Power Corp. chief finance officer Liza Montelibano, Aboitiz Group treasurer Veronica So, AEV outgoing chief finance officer Manuel Lozano, Metrobank head of institutional banking sector Mary Mylene Caparas and Metrobank head of large corporates division Rose Tiamson. Therma Luzon Inc., which is under the Aboitiz Power, tapped Metrobank for a P15-billion loan to support its refinancing and general corporate requirements, while LIMA Land Inc., which is part of the group’s infrastructure business subsidiary Aboitiz InfraCapital, was provided a P5.5 billion loan to bankroll the expansion of its real estate business in the LIMA Estate ecozone.

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