Equitable, ICTSI sign agreement

Equitable PCI Bank signed a key agreement to be one of the main disbursing banks and service the growing cash management needs of International Container Terminal Services Inc. (ICTSI)

Equitable Bank agreed to provide ICTSI its superior Fastwrite payment system, strengthening its position as the port operator’s preferred bank. EPCIB is ICTSI’s lead creditor for both corporate and employee loans, trustee of its retirement fund, and its main collecting bank through Fastnet e-payment.

The port operator will benefit from Fastwrite’s stringent security, streamlined process, and efficient reconciliation of accounts. The first check release was made last Feb. 5 at ICTSI’s very own business office.

ICTSI operates the Manila International Container Terminal (MICT), the Naval Supply Depot in Subic, General Cargo Port in Batangas, the Makar Wharf in Gen. Santos City, and ports in Gdynia, Poland and Suape, Brazil. It has developed and run container terminals all over the world.

Equitable Bank is the country’s third largest commercial bank, enjoying leadership in corporate and commercial banking, credit and payment cards, trust, leasing, and investment banking. It has over 400 branches and more than 400 FASTeller ATMs nationwide, with access to over 4,000 BancNet, MegaLink, and ExpressNet ATMs.