Philippine Veterans Bank Names New COO

The Philippine Veterans Bank (PVB) has appointed professional banker Nonilo Cruz as Chief Operating Officer of the fast-growing commercial bank.

Nilo, as he is fondly called, brings with him more than 30 years of experience in banking and corporate operations with various local and multinational commercial banks where he rose from the ranks becoming a senior executive in a foreign bank branch in the Philippines.

As the new COO of Philippine Veterans Bank, Nilo 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.

Nilo said that the challenges offered by the bank are something that he could not refuse. “Reinvigorating the bank and developing new strategies are among the challenges. But giving back the contributions of our war veterans and their families is a challenge I cannot refuse,” he said.

Prior to joining PVB, he served for more than 17 years as a pioneer senior executive of Australia and New Zealand Banking Group (ANZ), Manila, following a 3-year stint as Vice President of the Equitable Banking Corporation (now Banco de Oro).

During his term in ANZ, he led a team that elevated the bank’s standing to No. 2 and No. 1 arranger of syndicated loans in 2009 and 2010, respectively, and the top book runner of syndicated loans in both years. Nilo was also part of a senior leadership team that scored in the opening of business and franchise plan in the country which led to ANZ’s ability to generate profits ahead of schedule. In his last role as an investment banker, Nilo was made to account a significant portion of the bank’s annual revenues.

A holder of marketing management degree from the De La Salle University, Nilo earned his Master’s in Business Administration at Murdoch University of Australia’s Manila program and continues to specialize in various industry-oriented institutions.

Assuming a treasury specialist role at the Solid Philippines Venture Capital Corporation, he also served as the Assistant Vice President of Solidbank Corporation (now Philippine Savings Bank).

He served in the business banking division of Equitable Banking Corporation in 1993 and developed excellent banking relationships with major Philippine commercial companies as well as multinational companies that enabled his team to generate sizeable incremental income in their first full year at the bank.

Nilo is a recipient of several banking awards including the inaugural collaborative breakout award in 2002 and the region-wide 2010 C&IB Asia Excellence Award.

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For any questions or clarifications, please call:
Mike Villa-Real
Corporate Communications and Marketing Services Dept.
Tel: 902-1670