Philippine Savings Bank
 | |
| Public (PSE: PSB) | |
| Industry | Finance and Insurance |
| Founded | Manila, Philippines (1959) |
| Headquarters | Makati, Philippines |
Key people |
Jose T. Pardo, Chairman Pascual M. Garcia III, President |
| Products | Financial Services |
| Revenue |
PhP1.018 billion PHP ( 27%) (2007) |
Number of employees | 2,030 |
| Parent | Metrobank Group |
| Slogan | Simple lang. Maaasahan. |
| Website | www.psbank.com.ph |
The Philippine Savings Bank (PSE: PSB), commonly known as PSBank or PSB, is a savings bank based in the Philippines. It is a subsidiary of Metrobank and is the second-largest savings bank in the Philippines.
Subsidiaries and affiliates
PSBank in itself is a subsidiary of Metrobank, and as such is affiliated with it. PSBank is affiliated with Toyota Financial Services Philippines Corporation (TFSPC), where it currently has a 25% stake.
Ownership
- Metropolitan Bank and Trust Company: 75.98%
- PCD Nominee Corporation: 5.86%
- Danilo L. Dolor: 5.04%
- Erlinda L. Dolor: 2.95%
- Ma. Soledad S. de Leon: 1.67%
- Public stock: 4.01%
Competition
PSBank competes with other savings banks, such as BPI Family Savings Bank and RCBC Savings Bank. The bank is also competing against multinational savings bank such as Citibank Savings and HSBC Savings. However, since PSBank is considered a major bank, it also competes with bigger financial institutions. It does not, however, aggressively compete with parent company Metrobank.
Controversies
Impeachment of Renato Corona
PSBank officials were about to receive a subpoena request in connection with the Impeachment of Renato Corona due to the allegations of a secret US$ account under the name of Renato Corona.[1]
In addition, the PSBank executives were also asked to bring consumer identification and specimen signature card(s) of the bank account(s) under Corona's name which won P1 million in the PSBank Monthly Millions Raffle Promo.[2]
Pork Barrel Case
During the senate investigations involving the 'pork barrel' case, PSBank was one of the domestic Philippine banks included in the senate inquiry about the bank accounts of the whistleblowers.[3]
Moreover, PSBank was also included as one of the banks from which Sen. Ramon Revilla Jr. and his family, as well as those of Janet Lim-Napoles and her pseudo-NGOs, have utilized to launder the controversial “pork barrel” funds.[4]
Principal Officers
Board of Directors
| Name | Position |
|---|---|
| Jose T. Pardo | Chairman of the Board |
| Vicente R. Cuna Jr. | Vice Chairman of the Board |
| Arthur V. Ty | Vice Chairman of the Board |
| Joaquin Aligguy | Director |
| Ma. Theresa G. Barretto | Director |
| Margaret Ty Cham | Director |
| Pascual M. Garcia III | Director/President |
| Samie C. Lim | Director |
| Regis V. Puno | Director |
| Ma. Ursula R. Resurreccion | Director |
| Rolando A. Rodriguez | Corporate Secretary |
| Laarni D. Bernabe | Assistant Corporate Secretary |
Advisers
| Dr. George S.K. Ty | Senior Adviser |
| Domingo Y. Lee | Senior Adviser |
| Edmund A. Go | Adviser |
Senior Officers
| Name | Position |
|---|---|
| Pascual M. Garcia III | President |
| Jose Vicente L. Alde | Executive Vice President |
| Rolando A. Rodriguez | Executive Vice President |
| Jaime Valentin L. Araneta | Senior Vice President, E-Banking Unit |
| Perfecto Ramon Z. Dimayuga Jr. | Senior Vice President (Chief Finance Officer), Finance Group |
| Noli S. Gomez | Senior Vice President, Operations Group |
| Yolanda L. dela Paz | Senior First Vice President, Branch Banking - Specialized Lending Desk |
| Ma. Patricia L. Castañeda | First Vice President (Chief Risk Officer), Risk Management Office |
| Norberto M. Coronel III | First Vice President, Large Enterprise Group |
| Jose Jesus B. Custodio | First Vice President, Auto Loans Division |
| Neil C. Estrellado | First Vice President, Operations - Information Technology Division |
| Francis M. Llanera | First Vice President, Loans Operations Group |
| Ismael S. Reyes | First Vice President, Branch Banking Group |
| Jose Martin A. Velasquez | First Vice President, Treasury Group |
| Leah M. Zamora | First Vice President, Business Information Management Services Division |
| Andre Manuel L. Abellanosa | Vice President, Treasury - Marketing and Currencies Trading Division |
| Eliel B. Aparri | Vice President, SME Banking - Account Relationship Division I |
| Raye Claudine Q. Baron | Vice President, Operations - Process Management Division |
| Minda L. Cayabyab | Vice President, Finance - Financial Accounting Services Division |
| Emma B. Co | Vice President, Internal Audit Group |
| Jose Nazario R. Cruz | Vice President, Branch Banking - North Sector Area Office |
| Dan Jose D. Duplito | Vice President, Information Security Department |
| Abigail P. Melicor | Vice President, Personal Loans Division |
| Antonio Jude Martin P. Montinola | Vice President, Marketing and Communications Group |
| Edeza A. Que | Vice President, Risk Management - Credit Risk Management Unit |
| Stella A. Sampayan | Vice President, Trust Division |
| Emmanuel V. Tandoc | Vice President, Branch Banking - Sales Division |
| Melissa F. Tong | Vice President, Branch Banking - Business Development Unit |
| Mary Jane M. Valero | Vice President, Customer Service Division |
| Pablito C. Veloria | Vice President, Credit Administration Group |
| Ma. Rita Rosette R. Villamin | Vice President, Human Resources Group |
| Donabel S. Arcilla | Assistant Vice President, Marketing and Communications - Segment Marketing Division |
| Mirasol B. Guia | Assistant Vice President, Information Technology - Systems Development Department |
| Ellery Matthew D. Camacho | Assistant Vice President, Auto Loans - Provincial Dealer Sales Department |
| Jaydee P. Caparas | Assistant Vice President, Branch Banking - North Metro Area Office |
| Andrew P. Caw | Assistant Vice President, Trust - Trust Marketing Department |
| Margaret Ty Cham | Assistant Vice President, Operations - Purchasing Department |
| Joy Anne I. Crisologo | Assistant Vice President, Treasury - Liquidity and Reserves Division |
| Nona M. Depositar | Assistant Vice President, Branch Banking - Branch Operations and Service Division |
| Ma. Cristina G. Duque | Assistant Vice President, Branch Banking - East Metro Area Office |
| Clarissa U. Esguerra | Assistant Vice President, Systems Quality Assurance Department |
| Gino C. Gonzalez | Assistant Vice President, Branch Banking - Visayas Area Office |
| Arwin M. Guste | Assistant Vice President, Risk Management - Market Risk Management Unit |
| Antonell S. Interino | Assistant Vice President, Business Information Management Services - Modelling and Forecasting Department |
| Donaldson U. Jao | Assistant Vice President, Small and Medium Enterprise Group |
| Reuel R. Javier | Assistant Vice President, Treasury - Fixed Income Securities Trading and Investment Division |
| Rowel R. Laqueo | Assistant Vice President, Branch Banking - Northwest Metro Area Office |
| Gary B. Mañalac | Assistant Vice President, Branch Banking - Mindanao Area Office |
| Rosalinda T. Munsayac | Assistant Vice President, Loans Operations - Loans Securities and Insurance Division |
| Gilbert L. Nunag | Assistant Vice President, Risk Management - Operational Risk Management Unit |
| John Emmanuel J. Palafox | Assistant Vice President, Information Technology - Systems Development Department |
| Maria Cecilia P. Rios | Assistant Vice President, Branch Banking - Northeast Metro Area Office |
| Frederick John Alexander H. Salcedo IV | Assistant Vice President, Branch Banking - Main Metro Area Office |
| Redentora Rose D. Samia | Assistant Vice President, Branch Banking - Central Metro Area Office |
| Victor Albert A. Saplala | Assistant Vice President, Information Technology - System Operations and Support Department |
| Josefina Z. Sison | Assistant Vice President, Branch Banking - South Metro Area Office |
| Maris Lou S. Velicaria | Assistant Vice President, Credit Administration - Consumer Credit Evaluation Division |
| Paul Roderick A. Ysmael | Assistant Vice President, Collections and Remedial Management - Legal Department |
See also
References
External links
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