ING says it’s ready to finance PPP infra projects

  • 📰 gmanews
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 68%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Dutch multinational banking giant ING is optimistic about the growth prospects in the Philippines, as it expressed intent to finance public private partnership (PPP) projects.

In an interview with GMA News Online, ING Philippines country head Hans Sicat said the bank is “very active in terms of looking at the various infrastructure-related projects.”

The President said his administration seeks to enhance the business environment and allow the business sector to maximize its contribution to the revitalization of the country’s economy. Sicat added that, in terms of projects the bank is currently involved in, "we’re... advising on what type of various legal and financial structures to essentially optimize whatever project is being done."

The lender plans to establish a power-generation lending portfolio that is 60% renewable in order to address climate change.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 11. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines