Credit facility

MANILA, Philippines -  Security Banking Corp. through its Banking Centers Group, has signed a P500-million credit facility with Central Negros Electric Cooperative Inc. (Ceneco). The facility consists of a P400-million term loan guaranteed by the World Bank’s Electric Cooperative Partial Credit Guarantee program and by LGU Guarantee Corp. Security Bank also provided Ceneco with a P100-million short-term line to support its increasing power supply requirement. In photo are: (from left) Security Bank first vice president and Visayas Banking Center team head Joyce So, Ceneco vice president Michael Maravilla, Ceneco board president Arnel Lapore, Ceneco general manager Sulpicio Lagarde Jr., and LGUGC vice president Thelma Sansales.