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BRANCH BANKING | Cesar Tordesillas, Philippines

Veterans Bank furthers expansion with Dagupan branch

The Philippine Veterans Bank recently inaugurated its newly relocated branch in Dagupan City, now located at Burgos St., Dagupan City.The move is part of the bank’s rationalization program which is in response to the strong demand from its clients. It will also make its branches more accessible to clients.PVB also relocated its Batangas, Mandaluyong and Paseo de Roxas Makati branches. The bank’s expansion plans for 2009 are full steam ahead with the recent opening of four new branches in Antipolo City, Tarlac City, Lucena and San Fernando, Pampanga presently bringing its total branch network to 49."We are setting up more branches in the next months with the BSP approval. At present, we are eyeing sites in Valenzuela, Malolos, Lipa City, Cavite City, Olongapo City, Cabanatuan and Tagbilaran among others," said Jesus Vicente O. Garcia, PVB EVP and Branches Group Head.The bank secured 15 new branch licenses from the Bangko Sentral ng Pilipinas early this year.PVB President and CEO Ricardo A. Balbido Jr. said that the bank’s branch network expansion will boost the bank’s growth efforts. PVB is the 20th largest commercial bank in the Philippines.

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