News coming to us courtesy of the CGAP-MIX MCM Capital Markets Newsletter, Planters Bank received a $2 million loan from ShoreCap International. Planters Bank is a private development bank founded in 1961 in Manila, Philippines. According to its website, its products are targeted specifically to small and medium enterprises. As of year end 2005, it had outstanding loans of $440 million and assets worth $740 million. In addition, its debt to equity ratio was 218% and net income was $6.9 million.
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