Further asserting its role as a catalyst to business and industry development in one of the fastest-rising cities in the Visayas region, CTBC Bank Philippines, the multi-awarded subsidiary of one of the largest private commercial banks in Taiwan, recently inaugurated its Iloilo Business Center located along the city's General Luna Street. The inauguration was graced by the Bank's valued clients, partners and friends, who were warmly welcomed by CTBC Bank Philippines Directors and senior officers led by Vice Chairman William Go.
Headed by Business Center Manager Eva Vencer, CTBC Bank Iloilo Business Center will provide various financial products and services to individuals and corporates, to help further propel the already robust economic growth of Iloilo City.
Opened as a full-service commercial bank in 1995, CTBC Bank Philippines has one of the largest branch networks among foreign banks in the country and is also deemed to be one of the most successful among the many banks that opened that year.
CTBC Bank (Philippines) Corp., the multi-awarded subsidiary of one of the biggest banking institutions in Taiwan, today announced the opening of its 25th Business Center along General Luna Street at the heart of Iloilo City's commercial district.
"Iloilo City is one of the busiest trading hubs in the Visayas and it will complement perfectly with CTBC Bank's other Business Centers in the key cities of Visayas and Mindanao. The opening of this Business Center is part of the Bank's thrust to provide our clients with nationwide banking convenience," says CTBC Bank Senior Executive Vice President and Retail Banking Group Head Ismael Sandig.
Since it opened as a full-service commercial bank in the latter part of 1995, CTBC Bank has been catering to the banking needs of the country's working class composed of salaried workers, managers and executives whose revenue streams are constant. Moreover, the continued growth in the Bank's personal loan and SME loan portfolios also strengthened its market leadership in these product categories, notwithstanding the entry of new and extremely aggressive players in the industry. These efforts, coupled with the Bank's customer-centric strategy have reaped global accolades for the Bank, namely "Best Retail Bank Philippines 2015 and 2016" from Global Business Outlook, "Best SME Bank Philippines 2015 and 2016" and "Best Cash Card Philippines 2015 from Global Banking and Finance Review, and the "Best Foreign Retail Bank Philippines 2016" from the International Finance Magazine.
"We are grateful for the opportunity to expand our distribution network and look forward to providing the Iloilo community with innovative products and services," added Sandig.
To date, CTBC Bank has one of the largest branch networks among foreign banks in the country and is also deemed to be one of the most successful among many commercial banks that opened in that year.