September 30, 2016 5:18 AM ET

Banks

Company Overview of Philippine Veterans Bank, Inc.

Company Overview

Philippine Veterans Bank, Inc. operates as a commercial bank in the Philippines. The company offers deposit services, including savings, non-interest bearing, interest bearing, and time deposit accounts; long-term time deposit products; cash management services; and other deposit-related services. It also provides loans services comprising housing loans; business loans; and corporate loans, such as commercial loans, developmental loans, and loan syndications and co-financing loans, as well as loans for LGUs, government agencies, and government-owned and controlled corporations. In addition, the company offers dealership services; trust services, which comprise fund management, estate plannin...

Philippine Veterans Bank Main Office Building

101 V.A. Rufino corner

Dela Rosa Streets

Legaspi Village

Makati City,  1229

Philippines

Founded in 1963

Phone:

63 2 902 1600

Fax:

63 2 840 3696

Key Executives for Philippine Veterans Bank, Inc.

Chief Executive Officer, Director and Chairman of Assets & Liability Committee
Age: 65
Chief Operating Officer
Head of Investment Banking Division and Vice President
Head of Project Management Development Section
Business Center Head
Compensation as of Fiscal Year 2016.

Philippine Veterans Bank, Inc. Key Developments

Philippine Veterans Reportedly In Talks To Merge With International Banks

Philippine Veterans Bank Inc reported that it plans for merger and acquisition opportunities with international banks by 2020.

Philippine Veterans Bank to Expand Branch Network

Philippine Veterans Bank announced that the bank seeks to open more branches in provincial areas in its bid to grow its lending business and as the bank targets to further expand its presence in the small and medium enterprises (SMEs) sector.

Philippine Veterans Bank Announces Executive Changes

Philippine Veterans Bank appointed Nonilo C. Cruz as its new chief operating officer after its last COO retired. Mr. Cruz was appointed into a long-vacant position as PVB’s previous COO Roberto A. Buhain had retired from the post in 2004. The bank said that as the lender’s new COO, Mr. Cruz is expected to ‘strengthen the bank’s operational productivity and performance to ensure efficiency and profitability to serve the best interest of its stakeholders, customers and its employees’. Mr. Cruz remarked that reinvigorating the bank and developing new strategies are some of the challenges he would face. Mr. Cruz has spent 30 years in banking and corporate operations with various local and multinational commercial banks. Prior to his appointment as its COO, Mr. Cruz served as a pioneer senior executive for Australia and New Zealand Banking Group (ANZ), Manila for more than 17 years. He was also vice president of Equitable Banking Corp. (now BDO Unibank, Inc.) for a brief period of three years.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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