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Monday, July 28, 2003
Exportbank offers financing assistance to exporters joining local, int’l trade fairs
PHILIPPINE-BASED exporters who want to join local and international trade fairs can get financing from the Export and Industry Bank (Exportbank).
During a seminar conducted by the Exportbank at the Waterfront Cebu City Hotel last week, account officer Ma. Lulu Luazon said one of the bank’s newest facility programs is providing loans for Filipino exporters who want to join domestic and international trade fairs.
Exportbank will finance P100,000 for local and domestic fairs and P300,000 for international trade fairs, she said.
Luazon added that the P100,000 loan is payable within six months, while the P300,000 loan should be paid within 10 months.
The bank charges a P15 percent interest rate for the total amount.
Luazon is also urging the small and medium enterprises (SMEs) to avail themselves of loan programs that are specially designed for their capacity.
Exportbank has different kinds of financing programs. It also caters to the SMEs and provides them with reasonable repayment terms, she said.
Exportbank’s services includes electronic banking, foreign exchange, investment funds, financial instruments, trading and distribution, corporate and mortgage banking, and corporate finance.
Exportbank was appointed by the Philippine Exporters Confederation Inc. or Philexport to address the financial needs of the export industry with the objective of making the export industry the country’s leading income-generating sectors. AEL
(July 28, 2003 issue)
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