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. The branch, now called PVB Davao-C.M. Recto Branch, opened on Monday, November 8, 2004.

"Our clients were our top consideration when we decided to move to the site. For them, the new site is more convenient and accessible. For the bank, it would enable us to better service the banking needs of our growing clientele from the private and government sectors." says President & CEO Ricardo A. Balbido, Jr.

TPVB's new building has two floors and a mezzanine with ample parking at the front and back; and is more accessible to public transportation. PVB has two branches in Davao City. The other is located at the VFP Bldg, Monteverde Ave.

PVB is a private, commercial bank that offers very competitive deposit products such as passbook savings, ATM, checking accounts, time deposits and special high-yielding savings accounts. On the retail loan side, it offers housing & business loans.

Philippine Veterans Bank is a private commercial bank owned by some 300,000 World War II veterans and their heirs all over the country. Chaired by Col. Emmanuel De Ocampo, the bank provides 20% of its net profits annually for programs that benefit the WW2 veterans, their widows and families.

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