PNB Extends PhP1.2B Loan to Misamis Cooperative

Power infrastructure in Misamis Oriental is set to improve following the Philippine National Bank’s (PSE: PNB) approval of a fresh long-term loan to the province’s power cooperative.

In a statement, PNB said it had agreed to lend PhP1.2 billion to Misamis Oriental 1 Rural Electric Service Cooperative Inc. (Moresco I).

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Source: Philippine Daily Inquirer

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