JPMorgan wins cash mandate for the Philippines

The new mandate will see JPMorgan provide Robinsons Land with a more efficient method of collecting monthly mortgage payments.

JPMorgan has been awarded a cash management mandate by Robinsons Land Corporation RLC, one of the largest property developers in the Philippines.

Under the new mandate, the US bank will specifically target overseas Filipino workers in the US and Canada who are paying monthly mortgages for properties they have bought from RLC.

The bank says its cash management service will help RLC improve its efficiency in monthly collections globally, via wire transfers, cheques or over-the-counter.

├┤Overseas Filipino...

To continue reading, please login or register for free

Click for more on: jpmorgan | robinsons | land | corporation

Print Edition

FinanceAsia Print Edition