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Ayala secures P3.1-B loan from ING for Phl health care

The Philippine Star

|

December 19, 2024

Ayala Corp., the country's oldest conglomerate, is poised to ramp up its investments in advancing healthcare growth in the Philippines after securing a social loan from Dutch financial giant ING amounting to P3.1 billion (€50 million).

- By RICHMOND MERCURIO

The social loan, which will support the portfolio growth of Ayala's healthcare arm AC Health, is the first euro-denominated social loan that ING has structured for a Philippine conglomerate.

"At Ayala, we always look for like-minded partners who believe in our purpose. This sustainable finance transaction from ING confirms our commitment to building businesses that enable people to thrive," Ayala CFO Albert de Larrazabal said.

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