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LENDING & CREDIT | Cesar Tordesillas, Philippines

Philippines' BDO, Korean Dev't Bank cooperate in project financing

Philippines and in East Asia.

Thisis the scope of the project financing cooperation entered into between BDO and Korea Development Bank.

An MOU has been signed to seal the partnership.

"In recent years, an increasing number of Korean companies are showing interest in participating in infrastructure and energy projects in the Philippines. It is very significant and timely that KDB is signing an MOU with BDO, the leading financial institution in the Philippines," said KDB vice chairman and chief operating officer Kim Han Chul.

Mr.Kim added that combining the strengths of the two institutions will create valuable business opportunities for both BDO and KDB.

On the part of BDO, president Nestor V. Tan said the MOU would help promote the entry of investments to the country of Korean companies.

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