Tuesday, July 15, 2008 PVB total resources up, raise its rank to 20th
PHILIPPINE Veterans Bank’s (PVB) total resources jumped by 11.5 percent to P40.6 billion as of the first quarter of 2008, from P36.4 billion reported as of December 2007, mostly driven by the increase in bank’s deposits.
The increase moved PVB to the top 20th slot among commercial banks, based on total assets as of March 2008.
PVB president and chief executive officer Ricardo A. Balbido Jr. said that PVB’s growth was mainly attributed to continued aggressive sales and marketing efforts, innovative banking services for its corporate clients and the increased confidence and satisfaction of the bank’s growing client base.
“These figures prove that our growth strategies are on the right track, thanks to our clients’ trust and confidence,” he said. b(PR)
