Metrobank inks P10-B deal with Ayala Land Inc.

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Sealing the agreement are Metrobank President Fabian Dee (2nd from left) and Ayala Land President and Chief Executive Officer Bernard Vincent Dy (2nd from right) . They are joined by Metrobank Executive Vice President and Head of Institutional Banking Sector, Mary Mylene Caparas and Ayala Land Deputy CFO and Treasurer Augusto Bengzon. HANDOUT PHOTO FROM METROBANK

MANILA – Metropolitan Bank & Trust Co. (Metrobank) granted leading property developer Ayala Land Inc., a P10-billion, 10-year loan agreement to partially finance its capital expenditure program which includes the expansion of its residential, office leasing, and shopping mall segments.

Metrobank is the country’s premier universal bank and has one of the largest domestic networks with 959 branches and over 2,200 automated teller machines (ATMs) nationwide, and 32 foreign branches, subsidiaries and representative offices.

Sealing the agreement were Metrobank President Fabian Dee and Ayala Land President and Chief Executive Officer Bernard Vincent Dy. They were joined by Metrobank Executive Vice President and Head of Institutional Banking Sector, Mary Mylene Caparas and Ayala Land Deputy CFO and Treasurer Augusto Bengzon.