The deal was signed on Sept. 16, 2024, the company said in a statement on Tuesday, Oct. 8.
Present during the event were Ayala’s chief finance officer Alberto de Larrazabal and treasurer Estelito Biacora.
Metrobank has long provided credit for Ayala’s real estate, renewable energy, and data center projects.
Management’s view
“We have always been a proud partner of Ayala Corp. because we share their mission of enabling individuals and businesses in the country,” said Mary Mylene Caparas, Metrobank institutional banking sector head.
“This deal is a testament of our decades-long support to the Ayala Group’s growth aspirations of building businesses that transform industries, challenge the status quo, and bring innovations that contribute to the Philippines’ social and economic development goals, all while being a standard bearer for good corporate governance,” she added.
Portfolio realignment
"This loan agreement with Metrobank will support our efforts to sharpen our portfolio and allocate capital to clear business winners,” said de Larrazabal.
“We are glad to partner with Metrobank, an institution that has been working with us for over 30 years, supporting our purpose of building businesses that enable people to thrive,” he added.
