Metrobank inks P10-billion deal with Ayala Land Inc.

Metropolitan Bank & Trust Co. (Metrobank) granted Ayala Land Inc., the country’s leading property developer 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 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.

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