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China Bank Savings /
Posted 1 week ago

Euro Products Inc. and CBS in multi-loan deal Los Baños-based engineering firm Euro Products Inc. (EPI) signed a multimillion-peso deal with CBS China Bank Savings to support business expansion plans and enhance the company's benefits package. Established by entrepreneur Eduardo E. Palis in August 1979, EPI has since diversified from production and supply of water treatment chemicals and media to the design, installation and commissioning of large-scale water treatment facilities and wastewater treatment plants for industrial parks, residential subdivisions and commercial complexes, as well as construction and business services. EPI has accumulated a portfolio of projects and repeat customers in the food, pharmaceutical, semiconductor, automotive, technical-scientific and power sectors. Besides tapping CBS for Small and Medium Enterprise financing services, CBS will also support the employee benefits package for EPI’s 64 employees through the CBS Easi-Funds Salary Loan facility. “The arrangement will give EPI employees access to quick cash for emergency or personal needs, payable in easy installments through salary deduction,” according to CBS Personal and Salary Loans Division head Enrico Luis D. Rojas. By signing up for the Easi-Funds Salary Loans facility, partner SMEs like EPI are able to release more internal resources for business operations, while helping increase the consumer power of their workforce. The financing arrangement with EPI was arranged through CBS China Bank Savings SME Lending Group, Consumer Lending Group and CBS Calamba Branch. "It has come full circle that EPI which started business in the head office of our parent China Bank four decades ago is now the client of CBS China Bank Savings," CBS Calamba BM Rodel B. Solomon said. "Calamba Branch is privileged to be chosen by EPI's principals to support the company's expansion and we look forward to a long, mutually beneficial business partnership with Euro Products Inc." CBS is dedicated to financial inclusion and improving the quality of life in the communities we serve. Consistent with our Easy banking for You brand promise, our Bank provides a wide array of products and services to meet the needs of entry-level customers, the broad consumer market, and the strategic Small and Medium Enterprise (SME) sector. Learn more about Euro Products Inc.: https://www.facebook.com/europroductsOfficialPage Share, like, and follow CBS China Bank Savings on Facebook: https://www.facebook.com/cbschinabanksavings

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