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  • Business Case No 2

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    tebobe7929
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    ABC Medical Center requested that DEF Bank (1) restructure existing term loans with a 12-year term and 2-year grace period on principal repayment due to project delays resulting in no revenue generation, and (2) provide a new 1-year, P100 million term loan to procure medical equipment, with the new target completion date of December 2020. The President and CEO of DEF Bank referred the request to the account officer to evaluate and provide a recommendation.

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    ABC Medical Center requested that DEF Bank (1) restructure existing term loans with a 12-year term and 2-year grace period on principal repayment due to project delays resulting in no revenue generation, and (2) provide a new 1-year, P100 million term loan to procure medical equipment, with the new target completion date of December 2020. The President and CEO of DEF Bank referred the request to the account officer to evaluate and provide a recommendation.

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    18 views1 page

    Business Case No 2

    Uploaded by

    tebobe7929
    ABC Medical Center requested that DEF Bank (1) restructure existing term loans with a 12-year term and 2-year grace period on principal repayment due to project delays resulting in no revenue generation, and (2) provide a new 1-year, P100 million term loan to procure medical equipment, with the new target completion date of December 2020. The President and CEO of DEF Bank referred the request to the account officer to evaluate and provide a recommendation.

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    © All Rights Reserved
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    of 1

    Business Case no.

    In January 2019, the President & CEO of DEF Bank received a letter from the Chairman of the Board of
    ABC Medical Center requesting for the following:

    1. restructuring on the term loans of the Company for a period of 12 years with 2 years grace period on
    principal repayment citing as reason the delay on the completion of the project, hence the project has
    not been generating revenue to fund the loan amortization.

    2. to provide the Company a/-year Term Loan 2 amounting P100 Million to finance the procurement of
    Medical Equipment

    “The Company also informed the Bank that the new target would be until December 2020.

    The President and CEO of DEF Bank referred to you the letter-request with a marginal instruction to
    evaluate the request of ABC Medical Center and provide appropriate recommendation.

    As the account officer of ABC Medical Center, what would you recommend?

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