Top Global Remittance Company Cites UCPB Partnership

 

Leading global money remittance company UAE Exchange recently cited the contribution of its partnership with the bank in the attainment of its corporate goals. UAE correspondent banking head Rajiv Philip and vice president for global operations Promoth Manghat (2nd and 3rd from left) flew in from Abu Dhabi to personally hand the plaque to UCPB executive vice president for corporate and commercial banking Higinio Macadaeg, Jr. and vice president for remittance marketing Victor Ruben Tuason (4th and 5th from left). UAE operations officer Maida Padallan, regional head for South East Asia Alex Aquino and UCPB remittance marketing officer Eric Ramirez (1st, 6th and 7th from left) were also present in the ceremony.

 

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UCPB Partnership Extends P25-M Credit Facility to Montenegro Shipping Lines. UCPB has granted Montenegro Shipping Line (MSL) a P25-million credit facility for additional working capital to sustain the company’s growth. The bank has also provided the Batangas-based company with a leasing facility for the acquisition of new buses for its land transport subsidiary, Rorobus Transport Service, and salary loan facility for its 1,200 employees. Over the 10 years that MSL has been a client, the bank has seen the Batangas-based company grow into one of the leaders in the marine transport business in the country. Shown below during the signing of the loan agreement are (from left) UCPB relationship manager Erwin Belen, UCPB Southern Luzon Region head Voltaire Rex Castro, MSL president and general manager Vicente Montenegro, Jr., MSL finance and administration officer Nariza Arellano, and UCPB Batangas Branch manager Melody Aspiras.