POSTBANK: Exploring Its Growth Potential

By JAMILLE JEAN S. DOMINGO
Published:  PHILIPPINE PANORAMA - Sunday Magazine of Manila Bulletin
May 31, 2015

As a financial institution that has already been around for over a century, it was indeed a challenge for the Philippine Postal Savings Bank—now rebranded as Postbank—not only to improve its historically average performance record, but also to cope with the dynamic changes in the banking industry and in the Philippine economic environment.

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Postbank Marks 109th Founding Year

Published:  MANILA BULLETIN - Business News
May 24, 2015

The Philippine Postal Savings Bank, rebranded as Postbank, marks its 109th birth year anniversary today.  

The Bank was founded on May 24, 1906 to bring banking services to the rural areas and to enable the Philippine government to tap and mobilize the savings in the countryside.

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Postbank Extends its Reach to Dipolog City

Pursuant to its mission of providing a full range of professional banking and financial services accessible in all areas of the country especially in the countryside, the Philippine Postal Savings Bank, Inc. (Postbank) has again extended its reach to Mindanao Region. Known to be the “Gateway to Western Mindanao”, Postbank transferred its Zamboanga Branch to Dipolog City last February 23, 2015 and inaugurated last March 12, 2015. The latest branch, located at Felicidad II, Quezon Avenue, Miputak, Dipolog City is the new branch in the Mindanao Area that is expected to service the clientele within the Region.

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Postbank Estimates a P120 Million Net Profit in 2014

The Philippine Postal Savings Bank, or Postbank, estimates a net profit of 120.74 Million for the year 2014.  This marks the first time that the Bank will register a three-digit profit performance since its founding over a century ago.  It shows a gigantic leap with net profit increasing by over 2,000 per cent from the 5 Million net profit recorded in 2011, or a short three-year span after the Bangko Sentral sent alarm signals and President Aquino changed its management.

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WPF & PPSB Signing of 140 Million Credit Line Facility

World Partners Finance (Hortaleza) together with Philippine Postal Savings Bank, Inc. (Postbank).  Signing of a P140 Million Credit Line Facility held last March 12, 2014.

Standing from L-R: Roehl O. Dumlao- Director (WPF), Dra. Rosalinda Ang Hortaleza- President & CEO (WPF), Cesar N. Sarino- President & CEO (Postbank), Fidel A. Bugayong- Director (PostBank)

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Postbank granted a 50 Million Short-Term Loan Financing Facility to Alalay sa Kaunlaran, Inc. (ASKI)

Philippine Postal Savings Bank (Postbank) granted Alalay sa Kaunlaran, Inc. (ASKI) a P50 Million Short-Term Loan Financing Facility to finance its Wholesale Microfinance Rediscounting.

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Phoenix Omega Development & Management Corporation (PODMC) 50 Million Term Loan Financing Facility

Philippine Postal Savings Bank (Postbank) granted Phoenix Omega Development & Management Corporation (PODMC) a P50 Million Term Loan Financing Facility to finance its Condominium Project inside Villas De St. Honore Subdivision located at Brgy. Bambang, Bulacan, Bulacan.

 

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PPSB and NATCCO Signing of 125M Rediscounting Agreement

Philippine Postal Savings Bank (Postbank) granted National Confederation of Cooperatives (NATCCO) a P125 Million Rediscounting Line (RDL) Financing Facility for relending to its member cooperatives nationwide held last February 17, 2014.


Standing from L-R: Raul M. Calayan, Jr., Chief Operating Officer (NATCCO), Cesar N. Sarino- President (Postbank), Sylvia O. Paraguya- Chief Executive Officer (NATCCO).

 

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Six Micro Banks Set to Operate in 2013

The first six Micro Banking Offices (MBO) of the Philippine Postal Savings Bank are scheduled to open in December 2013 in selected unbanked and underserved locations in Luzon.

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PostBank Rolls Out Remittance Service

The Philippine Postal Savings Bank is expanding and modernizing its remittance service to be able to provide overseas Filipinos with a remittance system which is faster, safer and cheaper.

The new remittance service was introduced on March 5 to the public with a media briefing conducted by Postbank SVP Higinio Fabian (2nd from left), Agilivant USA CEO Rene Babi (3rd from left), Agilivant Phils. EVP Ramy Garcia (left) and Agilivant Asia Pacific CEO Colin Cesa.

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PostBank Releases Five Year Strategic Plan (2012 - 2016)

Now in its 2nd year of implementation is the Five-Year Strategic Plan for the Philippine Postal Bank which the new management prepared in 2011.

The plan was crafted in response to a requirement of the Bangko Sentral. lt is also designed to provide operational guidance to the new bank leadership as it steers the Bank towards sustained growth in the next five years. The Strategic Plan is divided into three parts where we are, where we want to be, and how do we get there.

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