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SECURITY BANK INKS P97M DEAL

Security Bank Corp. has granted FG Financial Co. Inc.,
a 97 million loan package.

The Loan facility is expected to further improve FG Financial’s capacity to extend credit facilities to clients from the private and public sector, including regular salaried employees, overseas Filipino workers, doctors, dentists and small business owners. The deal enhances the existing business relationship that FG Financial has established with Security Bank.

The financial agreement is viewed by both parties as a remarkable partnership that is expected to forge a deeper and mutually productive business relationship.

The memorandum of agreement was signed by FG Financial’s chairman of the board, Crihil Ibañez; Emmanuel Ibañez, executive vice president of customer interface group; and Miguel Ortiz Luis Villaflor, adviser to the board.
Security Bank was represented by Joven Hernandez, senior vice president of consumer banking group; Patricia May Siy, senior vice president of corporate relationship group; and Luis Elizaga, vice president, Makati business group.


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Published on the Business Page of the Manila Standard dated Apr 25, 2005 and on the Philippine Star dated Apr 23, 2005



FG Financial Co. Inc., Philippines, Copyright 2005