Category: MPI

Maybank Philippines receives Best Finance Deal Award

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Maybank Philippines, Inc. (MPI), along with other foreign and local banks, was recognized at the recently held Global Trade Review Award 2014 for being a key participant in financing Energy Development Corp.’s award winning 150-megawatt Burgos Wind Project.

“The award would not have been possible without the hard work and perseverance of our Client Coverage and Corporate Banking Teams,” said Mr. Manuel A. Castaneda, MPI SVP and Head of Global Banking Group.

MPI’s key participation in the project allowed it to bag the Best Project Finance Deal Award for 2014 from UK-based Global Trade Review, which is one of the leading news source for global trade, commodity, export, and supply chain finance industries.

The Burgos wind project (BWP)– which is the Lopez Group’s first venture into wind energy — is the largest wind farm in the country. It has the capability to generate about 370 gigawatt-hours (GWh) of electricity every year. EDC invested a total of USD450 million for BWP, of which $315 million was funded by a syndicated loan agreement with domestic and international banks, including MPI. The loan facility with MPI was signed in October 2014.

The project is scheduled to start operations early this year, generating 370GWh of electricity to approximately 2 million households in the Philippines and avoiding 200,000 tonnes of carbon emissions annually. The complex structure of the financing is expected to serve as a template for future renewables projects in the country.

“Our Global Banking Team will continue to pursue and participate in big financing deals, particularly those that will have a sustainable impact to the Philippine economy,” Mr. Castaneda said.

Maybank and LBC seal check cutting services agreement

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Maybank Philippines, Inc. (MPI) has inked a check cutting services agreement with courier and money transfer firm LBC Express, Inc. (LBC), to streamline the latter’s check preparation and releasing transactions.

MPI Transaction Banking Head Martin G. Tirol and LBC CFO Oscar A. Torres led the signing of the payment solution deal recently.

“Through Maybank’s payment solution, the Check Cutting Service, LBC can focus more on its core business as they enjoy the convenience of outsourcing the preparation and releasing of their regular check payments to their business partners,” said Mr. Tirol

The checks can be redeemed by LBC’s business partners through Maybank’s 79 branches nationwide.

He added, “Through Maybank’s payment solution, LBC will not only get on-time reports for faster and easier account reconciliation, but also reduce cost on its daily operations.”

Other signatories to the contract include MPI Cash Management Services Head Conrado T. Castillo and LBC Comptroller Jennifer T. Villena.

Maybank’s Check Cutting service is an outsourcing facility for customers that handle the preparation and disbursement of scheduled check payments to their suppliers and payees. It automates check and voucher preparation; enhances the company’s productivity; maintains security, control and confidentiality; and facilitates check monitoring and account reconciliation.

Maybank and LBC seal check cutting services agreement

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Maybank Philippines, Inc. (MPI) has inked a check cutting services agreement with courier and money transfer firm LBC Express, Inc. (LBC), to streamline the latter’s check preparation and releasing transactions.

MPI Transaction Banking Head Martin G. Tirol and LBC CFO Oscar A. Torres led the signing of the payment solution deal recently.

“Through Maybank’s payment solution, the Check Cutting Service, LBC can focus more on its core business as they enjoy the convenience of outsourcing the preparation and releasing of their regular check payments to their business partners,” said Mr. Tirol

The checks can be redeemed by LBC’s business partners through Maybank’s 79 branches nationwide.

He added, “Through Maybank’s payment solution, LBC will not only get on-time reports for faster and easier account reconciliation, but also reduce cost on its daily operations.”

Other signatories to the contract include MPI Cash Management Services Head Conrado T. Castillo and LBC Comptroller Jennifer T. Villena.

Maybank’s Check Cutting service is an outsourcing facility for customers that handle the preparation and disbursement of scheduled check payments to their suppliers and payees. It automates check and voucher preparation; enhances the company’s productivity; maintains security, control and confidentiality; and facilitates check monitoring and account reconciliation.

Maybank and LBC seal check cutting services agreement

PRNEWS Admin Leave a comment

Maybank Philippines, Inc. (MPI) has inked a check cutting services agreement with courier and money transfer firm LBC Express, Inc. (LBC), to streamline the latter’s check preparation and releasing transactions.

MPI Transaction Banking Head Martin G. Tirol and LBC CFO Oscar A. Torres led the signing of the payment solution deal recently.

“Through Maybank’s payment solution, the Check Cutting Service, LBC can focus more on its core business as they enjoy the convenience of outsourcing the preparation and releasing of their regular check payments to their business partners,” said Mr. Tirol

The checks can be redeemed by LBC’s business partners through Maybank’s 79 branches nationwide.

He added, “Through Maybank’s payment solution, LBC will not only get on-time reports for faster and easier account reconciliation, but also reduce cost on its daily operations.”

Other signatories to the contract include MPI Cash Management Services Head Conrado T. Castillo and LBC Comptroller Jennifer T. Villena.

Maybank’s Check Cutting service is an outsourcing facility for customers that handle the preparation and disbursement of scheduled check payments to their suppliers and payees. It automates check and voucher preparation; enhances the company’s productivity; maintains security, control and confidentiality; and facilitates check monitoring and account reconciliation.

OFW in Kuala Lumpur wins Php10,000 GCs in Maybank’s Magremit at Manalo Promo!

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Maybank Philippines, Inc. (MPI) recently named the second prize winner of Php10,000 worth of Sodexo gift certificates for its “Magremit at Manalo” promo.

For sending money from Malaysia to the Philippines through Maybank’s Money2U services, Nenette Brabante, a Filipino worker in Kuala Lumpur, is the lucky winner of Php10,000 worth of Sodexo gift certificates. She sent remittance using the credit-to-account channel to her mother, Marilou Brabante, who resides in Naga City, Camarines Sur.

Maybank’s Magremit at Manalo raffle promo ran from October 14 to December 14, 2014. It was open to all individuals sending remittances through the Maybank Money Express and Money2U channels from Malaysia.

Maybank Money Express is a real-time electronic money transfer service that allows overseas individuals to send money through any Maybank branch in Malaysia to their loved ones in the Philippines who may claim the remittance at any of Maybank’s 79 branches, Palawan Pawnshop’s 2,179 outlets, and UCPB’s 223 branches nationwide. Meanwhile, Money2U is another remittance service of Maybank that allows individuals to transfer cash from Malaysia to any bank account in the Philippines.