Veterans Bank holds Virtual Annual Stockholders Meeting and Board Election

MAKATI CITY — Amidst the continuing threat of the covid19 pandemic this 2021, Philippine Veterans Bank once again held its Annual Stockholders Meeting virtually in compliance with government guidelines and health protocols. This years’ stockholders meeting was attended by around 500 stockholders and their heirs.

The election of the PVB’s board of directors was also done online and after votes were tallied and verified the re-elected to sit in the Bank’s 11-member board for the new fiscal year are Chairman Roberto F. De Ocampo, OBE; Vice-Chairman Guillermo L.  Parayno Jr.; Mr. Renato A. Claravall, currently the Bank’s President; Mr. Gerardo B. Anonas; Ms. Ma. Nieves R. Confesor; Ms. Judith V. Lopez; Mr. Francisco S. Magsajo Jr.; Mr. Jose A. Nuñez Jr.; Ms. Percianita G. Racho; and Mr. Cesar A. Rubio. The newly elected director to complete the 11 – PVB member board is Mr. Michael Democrito C. Mendoza, who is also a son of WWII hero, labor leader and former PVB Vice-Chairman Democrito T. Mendoza.

In his report to the Bank’s stockholders, President Claravall acknowledged the challenges brought about by the covid-19 pandemic that hit all industries across the globe. Given the impact of the covid -19, the Bank’s lending and deposit business were adversely affected. “Coming from a stellar year in 2019, the current economic crisis we are now in gave us an opportunity to step back and modify our plans as we prepare for a post-pandemic future” he said.

The Bank had to respond to the change in banking behavior, wherein the challenges in mobility brought about by the lockdowns resulted to customers shifting its financial dependency heavily in technology. To adapt, President Claravall, proudly announced that PVB have now embarked in 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 customers from both the private and public sectors that would help them better serve their constituents” he further added.    

“On the operations side, the need to protect the health and safety of our employees and clients was paramount, that is why we also launched a PVB vaccination program that would benefit not only our employees but their families and other household members as well” shared President Claravall 

“The lessons we learned in 2020 have made us stronger as we go into 2021 and beyond.  While some are merely looking at the “new normal”, we have set our sights on a “Better Normal”. I am confident that with our Team’s sustained dedication and hard work, our partners’ continuing support and our clients’ steadfast trust, a brighter future awaits.“ he added.

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