The P327M Term loan facility Agreement for the Provincial Government of Zamboanga Sibugay (LGU) was signed on August 11, 2009 at the office of the Governor in Ipil Zamboanga Sibugay. The Ceremonial Signing was held on September 4, 2009 at the Linden Suites Hotel in Ortigas City. Under the Agreement, PVB shall be the Primary Lender (thru Account Management Divison), Arranger (thru Corporate Finance Division and Facility Agent (thru Trust and Investment Division). Upon the LGU's compliance to the Conditions Precedent to release, the facility shall be used to refinance the outstanding loans of the LGU and fund the construction and maintenance of the Zamboanga Sibugay Provincial Hospital. PVB shall be the official IRA Depository Bank of the Province effective January 2010.

Seated (left to Right) FVP and Bank Operation and Support Group Head Ignacio Manipula, Province of Zamboanga Sibugay Governor George T. Hofer, VP and Trust and Investment Division Head Ma. Milagros A. Yuhico, SVP and Treasury Group Head Joselito Nazario. Standing (left to right), Provincial Consultant Mr. Gary Santos, Account Management Division Manager Virgil Nery, VP and Corporate Finance Division Head Carlos Rheal B. Cervantes, Corporate Finance Division Senior Manager Plato Tirol, Corporate Finance Division Senior Manager, Meliza S. San Luis,. Trust & Marketing Department Head Francis Rhed Santiago.

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For any questions or clarifications, please call:
Mike Villa-Real
Vice-President
Corporate Communications and Marketing Services Dept.
Tel: 902-1670
Email: mcvillareal@veteransbank.com.ph