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Philippine Savings Bank
Company typePublic (PSE: PSB)
IndustryFinance and Insurance
FoundedManila, Philippines (1959)
HeadquartersMakati, Philippines
Key people
Jose T. Pardo, Chairman
Pascual M. Garcia III, President
ProductsFinancial Services
RevenuePhP1.018 billion PHP (Increase27%) (2007) [1]
Number of employees
2,030
ParentMetrobank Group
Websitewww.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

File:PanPhilHighwayjf7070 19.JPG
PS Bank in Candelaria, Quezon

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

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

  1. ^ "PSBank cites bank secrecy law".
  2. ^ "Did Corona declare P1-M luck?".
  3. ^ "Napoles presses bank to release whistleblowers' records".
  4. ^ "How AMLC found possible laundering of Revilla's PDAF".
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