PBB partners with Pueblo De Panay
Sacred Heart of Jesus Development Corp. (SHJDC), Blue Chip Business Corp. (BCBI) and Pueblo De Panay, Inc. (PDPI) signed a loan agreement with Philippine Business Bank (PBB), thereby securing a firm hold on Pueblo De Panay township — a most sought- after real estate property in Roxas City.
The loan signing ceremony was held at Circulo Convention Center, Roxas City on Sept. 12. Following the signing of the loan agreement, PBB and PDPI’s group officers hailed the agreement as highly beneficial to the province of Panay — underscoring the fact that the transaction of this magnitude between these companies should further boost the economy of Panay.
Rolando R. Avante, President and CEO of PBB, expressed great satisfaction with the project. “It is a privilege to be here with you to kick off the contract signing on seizing business opportunities towards the partnership between Pueblo De Panay, Sacred Heart JDC, Blue Chip Builders, Inc. and Philippine Business Bank.”
“I believe that this is an excellent partnership that will enable us to build an outstanding mixed- use development which will offer a wide range of property investment and lifestyle options to the people of Roxas,” Mr. Avante added.
The partnership will allow the companies to combine their capabilities toward the development of a 500- hectare integrated, master- planned, mixed- use project, and Filipino- inspired township located in the Seafood Capital of the Philippines.
The efforts taken by local professionals to introduce this project of Pueblo De Panay is commendable and in line with government’s initiative to promote the development of infrastructure outside Metro Manila as a new driver for economic growth of the country. PDPI offers enormous opportunities and potential in economic regeneration, innovation and wealth creation.
“I took an interest in this project right after my visit with PBB’s Roxas City Branch Head — Lex C. Paragas, in October of last year. I saw how good the place was and I wanted to hear its story. This project will be the new commercial, residential and recreational area for Panay,” according to Mr. Avante.
PBB’s focus of expansion has shifted away from Metro Manila. In the past few years, only a handful of branches were established in Metro Manila whereas majority were set up in the provinces, mostly in Southern Luzon, Visayas and Mindanao, whose local economies have the potential to grow like Roxas City.
This is the evidence that in PBB, [we] feel more of our relevance in the provinces, in the countryside rather in Metro Manila.
“By making things happen today,” Philippine Business Bank will help build strong business communities where people can achieve their dreams” is the vision that has guided the bank in all of its 20 years.
PBB has a network of 152 branches nationwide.