National Book Store gets loan from Anglo Philippine Holdings

ABS-CBN News

<div class="embed-wrap"><figure data-feedback="fb:likes,fb:comments"><img alt="The facade of a National Bookstore at a mall in Quezon City on August 25, 2020. Mark Demayo, ABS-CBN News" src="https://sa.kapamilya.com/absnews/abscbnnews/media/2023/life/07/03/20200825-national-bookstore-facade-md-4.jpg"/><figcaption>The facade of a National Bookstore at a mall in Quezon City on August 25, 2020. Mark Demayo, ABS-CBN News</figcaption></figure></div>MANILA – Anglo-Philippine Holdings Inc. is extending a credit line of up to P300 million to its affiliate National Book Store Inc. and its subsidiary, Abacus Book &amp; Card Corporation.The loan is at 90-day terms with an 8 percent per annum interest rate. In a disclosure to the Philippine Stock Exchange, the company said this should provide short-term funding for the operations of NBS, which is owned by the Ramos family.NBS, one the Philippines’ largest bookstore chains, has taken a hit as schools and consumers shifted online. <ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/life/08/24/20/national-book-store-denies-closure-rumors">National Book Store denies closure rumors</a></li></ul>The bookstore chain opened its 235th branch in Bonifacio Global City in March.<ul class="op-related-articles">	<li><a href="https://news.abs-cbn.com/ancx/culture/spotlight/03/31/23/new-outlet-signals-better-days-ahead-for-natl-book-store">National Book Store opens 235th store, declares: ‘We’re back’</a></li></ul>

Anglo-Philippine Holdings Inc. is extending a credit line of up to P300 million to its affiliate National Book Store Inc. and its subsidiary, Abacus Book & Card Corporation.

National Book Store gets loan from Anglo Philippine Holdings | ABS-CBN

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National Book Store gets loan from Anglo Philippine Holdings

National Book Store gets loan from Anglo Philippine Holdings

ABS-CBN News

Published Jul 03, 2023 12:50 PM PHT

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