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DBP grants Iloilo-based coop with P368M credit

DBP grants Iloilo-based coop with P368M credit
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DBP lends P150 million to modern PUV maker

DBP lends P150 million to modern PUV maker
Mary Grace Padin
© STAR/ File
DBP lends P150 million to modern PUV maker
MANILA, Philippines State-run Development Bank of the Philippines (DBP) has provided a P150 million loan to Hino Motors Philippines Corp. to support its production and distribution of modern public utility vehicles (PUVs).
In a statement, DBP president and chief executive officer Emmanuel Herbosa said the loan would augment HMPC’s working capital requirements in the manufacture of commercial vehicles, such as PUVs, trucks and buses.
This, he said, would help HMPC address the increasing demand for modern PUVs nationwide, especially with the surge of approvals under the DBP’s Program Assistance to Support Alternative Driving Approaches (PASADA). ....

Emmanuel Herbosa , Hino Motors Philippines Corp , Department Of Transportation , Program Assistance To Support Alternative Driving Approaches , Development Bank , State Run Development Bank , Hino Motors Philippines , Support Alternative Driving Approaches , Land Transportation Franchising , Regulatory Board , ஹினோ மோட்டார்கள் பிலிப்பைன்ஸ் கார்ப் , துறை ஆஃப் போக்குவரத்து , வளர்ச்சி வங்கி , நிலை ஓடு வளர்ச்சி வங்கி , ஹினோ மோட்டார்கள் பிலிப்பைன்ஸ் , நில போக்குவரத்து உரிமையியல் , ஒழுங்குமுறை பலகை ,

DBP grants P150M credit line for modern PUVs manufacturer

Shown in photo (2nd and 3rd from left, respectively) are DBP Executive Vice President Jose Gabino D. Dimayuga and Hino Motors Philippines Corporation President Mitsuharu Tabata during the signing of the loan agreement between DBP and HMPC. They were joined by DBP First Vice President Daniel Gonzales (left) and HMPC Treasurer Susumu Myokan (right).
CALOOCAN CITY, Jan. 14 (PIA) State-owned Development Bank of the Philippines (DBP) has granted a P150-million revolving credit line for Hino Motors Philippines Corporation (HMPC) to augment the working capital requirements of the company in the manufacturing and distribution of its commercial vehicles such as trucks, buses and modern public utility vehicles (PUVs), a top official said. ....

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