News


VETERANS BANK’S 3Q net income jumps to P425M

Philippine Veterans Bank’s unaudited net profit for the first nine months rose to P425.4 million, 55% higher than the P275 million posted for the same period last year, and already surpassing the Bank’s 2006 audited net income of P415.07 million.

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PVB declares 8% dividends, elects Directors

Philippine Veterans Bank (PVB) announced it has declared cash dividends of eight percent for preferred and one percent for common shareholders.

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PVB Travelling WWII Exhibit Opens In Baguio

World War II vintage photos, artifacts and memorabilia is now on display at SM City Baguio day, September 2, 2006. Philippine Veterans Bank (PVB), in partnership with Baguio City Government & Cordillera Administrative Region, is sponsoring the exhibit entitled as “The War Of Our Fathers…A Tribute to the Filipino Freedom Fighter”. The exhibit pays homage to our WWII veterans and survivors. September 2 marks the 61st year of the end of World War II in the country. The Veterans Federation of the Philippines and the National Historical Institute are lending major support to this project.

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Veterans Bank 3Q income at P275 million

Philippine Veterans Bank (PVB) posted an unaudited net income of P275 million as of September 2006, 27% higher than the P216.6 million of the same period last year. As before, interest income, securities trading gain and fee-based services were the main drivers behind the income growth.

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Latest PVB Off-Site ATM inaugurated at NHA

Latest PVB Off-Site ATM inaugurated at NHA Philippine Veterans Bank (PVB) recently inaugurated its latest off-site Automated Teller Machine (ATM) located at the National Housing Authority (NHA) head office in Quezon City in time for NHA’s 31st year anniversary celebrations. The new ATM is foreseen to serve over 1,000 NHA employees and other clients in the area.

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PVB Bares Senior Officer Promotions

Philippine Veterans Bank announced its recent senior officer promotions for 2006. Promoted to Senior Vice-President is Joselito “Joric” G. Nazario who leads PVB’s Treasury Group which includes Funds Management, Portfolio Management, Treasury Marketing and Correspondent Banking. Having extensive experience in Treasury Marketing & Operations in BDO, BPI and Dao Heng Bank, Inc.; Joric is also a Director of the Money Market Association of the Philippines (MART).

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PVB reports P235 million 1st Half Net Income

Philippine Veterans Bank (PVB) recently reported an unaudited net income of P235.88 million for the first half of 2006. This represents a 42% increase, year-on-year, with last year’s reported 1st half net income at P166.15 million.

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FVR Opens Veterans Bank WWII Exhibit

Former President Fidel V. Ramos formally opened the travelling World War II exhibit last January 13, 2006 at Dagupan City. Sponsored by Philippine Veterans Bank, the exhibit aims to educate the public on the critical role played by Filipino forces in the last World War II. Dubbed as “The War of Our Fathers…A Tribute to the Filipino Freedom Fighters,” the exhibit is in time with the 61st Anniversary of Gen. MacArthur’s Landing in Lingayen Gulf.

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Veterans Bank Ok’s P70-M loan for Goldland Phils

Philippine Veterans Bank (PVB) recently granted a P70-million credit line for Goldland Philippines Corporation (GPC), which is developing the Hilton Cebu Resort and Towers in Mactan, Cebu in a joint venture with the Hilton Group PLC UK.

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Philippine Veterans Bank Opens Imus Branch

Philippine Veterans Bank (PVB), a Private Commercial Bank recently inaugurated its branch in Imus, Cavite, bringing its total branch network to 44 after the merger with its subsidiary, Teachers Development Bank.

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PVB 1st Half Net Income hits P166-million

Philippine Veterans Bank (PVB) reported a net consolidated income of P166.15 million in the first half of 2005, representing a 54.7% increase on a year-on-year basis with last year's 1st half net income at P107.39 million.

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Sec. Okay's Veterans Bank-Teachers Bank Merger

The Securities & Exchange Commission (SEC) has approved Philippine Veterans Bank's (PVB) application to merge with its subsidiary, Teachers Development Bank (TDB) with Veterans Bank as the surviving entity.

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Oplan Beterano Wins Gold Quill Award

PVB's Oplan Beterano bags another award for the Customer Relations Category, this time from the International Association of Business Communicators' (IABC) - Philippine Gold Quill Awards.

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PVB Reports P260.0 million 2004 Net Income

Philippine Veterans Bank (PVB) reported an audited Net Income of P260.6 million for 2004, up 8% from the previous year's P240.7 million.

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Veterans Bank Building Rises in Davao

Philippine Veterans Bank (PVB) is relocating its branch at Jose Palma Gil Street to its new building at C.M. Recto Avenue, Davao City, one of the City's busiest commercial areas.

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