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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
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