UCPB Customer Relations Center (+632) 811-9111   |   crc@ucpb.com   |  

UCPB inks P300-M term loan with HMR Philippines Inc.

UCPB inks P300-M term loan with HMR Philippines Inc.
Representatives from UCPB and HMR Philippines Inc. sign the loan agreement covering the company’s P300-million loan from the Bank. Sitting from left are UCPB FVP/Metro Manila 1 Team Head Carina C. Uy, SVP/Corporate and Commercial Banking Group Head Franco P. Magalong, and HMR Philippines Inc. President and CEO Erlinda K. Carman. Witnessing the activity are (standing, from left) Relationship Manager Neil Ivan B. Tan, Atty. Aileez R. Vazquez, HMR Philippines Inc. Vice Chairman David Thomas Carman, Chief Finance Officer Enrico L. Torres, and Finance Manager Jessie S. Sabino.

UCPB has extended a P300-million term loan to HMR Philippines Inc., a leading retail, trading and auction company with a growing footprint in the country.

Known as “The Trading Haus”, the company specializes in bargain finds that are sourced from the US, Australia and Europe.

The loan will be used to fund the expansion plans of the company, which has already opened five new branches this year to bring its network of stores to 22. The loan has a term of seven years.

“We’re looking to open four more stores every year in the next five years, and we’re glad that UCPB continues to support us. UCPB is one of our oldest partners, and the bank has seen our growth,” said HMR Philippines Chief Finance Officer Eric Torres.

“UCPB grew with us and we appreciate that. In fact, other banks tried to offer a similar term loan to us, but we stood firm and went with UCPB,” Mr. Torres continued.

For UCPB’s part, Mr. Magalong expressed gratitude for the company’s trust and confidence in the Bank.

“The Bank has always remained confident on HMR’s ability to grow as an enterprise. We look forward to the company’s continued success,” Mr. Magalong said.

Part of the loan proceeds will also be used to manage their liabilities, according to Mr. Torres

The company is setting its sights on improving its reach in the Visayas when it opened its Cebu branch recently, Mr. Torres said. They are currently studying the feasibility of opening a new branch in Davao.

Company officials led by its President and CEO Erlinda Carman signed the loan agreement together with UCPB executives led by SVP and Corporate and Commercial Banking Group Head Franco Magalong, FVP and Metro Manila Team 1 Head Carina Uy and Relationship Manager Neil Ivan Tan.

Date published: July 12, 2017

Quick Links

Product Name NAVPU YTD Return

As of Jun 22, 2018, 05:59:00 PM

Click here to use our UITF Yield Calculator

For more information, please contact
UCPB Trust Banking Group:
(02) 811-9520, 811-9515, or 811-9541
trust@ucpb.com

Customer Advisories

System Maintenance Schedule: June 23 & 24, 2018 (12mn-3am)

Please be advised that the following electronic banking channels will not be available on June 23, 2018 (Saturday) and June 24, 2018 (Sunday) from 12:00 AM to 3:00 AM: UCPB Connect ATMs Mobile Phone Banking Point-of-Sale (POS) Terminals e-Commerce transactions (online purchases via VISA and Bancnet) CM.Biz My 1Time Payment Please take note that UCPB Accountholders will not be able to transact using other banks’ ATM. Kindly schedule your transactions before or after the scheduled maintenance. We apologize for the inconvenience this may cause. We are doing this to ensure consistent and improved service delivery for you. Thank you. Read more.

ADVISORY: Local Holidays

Please be advised of the following local holidays and the UCPB branches that will be closed:

Friday, June 22, 2018 – Pagadian branch (49th Charter Anniversary of Pagadian – Proclamation No. 512)

Our ATMs and electronic banking facilities are available even during holidays. Thank you.

Read more.

Copyright 2016 UCPB. All Rights Reserved.

Main Menu