EastWest supports Mindanao's agro-industrial growth
June 10, 2013
Malaya
EastWest Bank recently inaugurated its store in Koronadal City, South Cotabato, considered the regional center of Region XII, and an important hub of commercial, industrial and socio-economic activities in Mindanao.
The new store will make available to the city residents and agro-industrial businesses its range of savings, loans, investment and cash management products, to name a few.
EastWest Bank branches are called "stores" because these serve the financial needs of customers with a complete line of products such as savings, loans, debit and prepaid cards, credit cards and investment products. They act as one-stop shops for the convenience of customers.
"We continue to expand our network of stores nationwide and are indeed glad to be here in Koronadal City to serve the needs of our customers," said EastWest Bank president & CEO Antonio C. Moncupa Jr.
"Our goal in growing our store network is to reach customers not only in the metropolis but all throughout the country, including the Mindanao region.
"The area being a center of commerce and trade in the province, we want to help its people and businesses to efficiently manage their savings and funds. We believe that when an area has a flourishing business environment, it translates to more job creation, which in turn improves the quality of people's welfare," Moncupa said.
EastWest Bank Retail Banking Group head and EVP Gerardo Susmerano commented: "The success of our Koronadal store is due to the support of our clientele. Last year, we opened 123 stores, bringing our total network to 245, more than double the number of stores we opened in 2011. We are envisioning to further expand our total network to 350 to make banking truly convenient for our customers."
Koronadal is South Cotabato's agro-industrial center and acts as catalyst for development particularly in the second district of the province. The city boasts of agri-based resources and offers a favorable climate for more investments.
EastWest Bank opened its doors to the public on August 1, 1994.
The Bank is a subsidiary of the Filinvest Development Corporation (FDC), the publicly listed holding company of the Filinvest Group that evolved from a consumer business founded by Andrew L. Gotianun, Sr. in 1955.
FDC is one of the country's premier conglomerates, with business interests in real estate, banking, sugar, hospitality and tourism, and power-generation.
Through the years, EastWest Bank has successfully capitalized on the financial strength and synergy from the business organizations under the Filinvest Group.
As it continues to register strong business performance, EastWest Bank remains committed in making good things happen for its clients.
