Veterans Bank Holds Virtual Annual Meeting of Shareholders and Election to Board of Directors

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MAKATI CITY – Amid the continuing threat of the covid19 pandemic in 2021, the Philippine Veterans Bank has once again held its annual meeting of shareholders virtually in compliance with government guidelines and health protocols. This year’s shareholders meeting brought together around 500 shareholders and their heirs.

The election of the PVB Board of Directors was also carried out online and after the counting and verification of the votes, the re-elected to serve on the Board of Directors of the Bank for the new financial year are President Roberto F. De Ocampo, OBE; Vice-president Guillermo L. Parayno Jr .; Mr. Renato A. Claravall, currently President of the Bank; Mr. Gerardo B. Anonas; Ms. Ma. Nieves R. Confesor; Ms. Judith V. Lopez; Mr. Francisco S. Magsajo Jr.; Mr. José A. Nuñez Jr .; Ms. Percianita G. Racho; and M. Cesar A. Rubio. The newly elected director to complete the 11 members of the PVB board is Mr. Michael Democrito C. Mendoza, who is also the son of WWII hero, union leader and former PVB vice president Democrito T Mendoza.

In his report to the Bank’s shareholders, President Claravall acknowledged the challenges posed by the covid-19 pandemic which has hit all industries around the world. Given the impact of covid -19, the Bank’s lending and deposit activity was negatively affected. “Coming from a stellar year in 2019, the current economic crisis we find ourselves in has given us the opportunity to step back and change our plans as we prepare for a post-pandemic future,” he said. -he declares.

The Bank has had to respond to the change in banking behavior, in which the mobility challenges caused by the bottlenecks have caused customers to strongly shift its financial dependence on technology. To adapt, President Claravall proudly announced that PVB has now embarked on a digital transformation with its new corporate banking system now in place and “soon we will be able to offer online and mobile banking services. to our private and public sector clients. it would help them better serve their constituents, ”he added.

“On the operational side, the need to protect the health and safety of our employees and customers was paramount, which is why we also launched a PVB vaccination program that would benefit not only our employees but also their families and employees. other family members “shared President Claravall

“The lessons we learned in 2020 have made us stronger as we approach 2021 and beyond. While some are only looking at the “new normal”, we have set our sights on “better normal”. I am convinced that with the dedication and hard work of our team, the continued support of our partners and the unwavering confidence of our customers, a better future awaits us. “, he added.

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