Wednesday, March 24, 2004
Plantersbank Sustains Lead in SME Finance
Planters Development Bank, the country’s largest private development bank, sustained its top performance under the Japan Bank for International Cooperation facilities for Small and Medium-Scale Industries. This marks Plantersbank’s third citation as most outstanding participating financial institution under the program, having been previously awarded in 2003 and 2001.
Plantersbank chairman and chief executive officer Ambassador Jesus P. Tambunting (holding trophy) is shown here with Bangko Sentral ng Pilipinas governor Rafael Buenaventura (3rd from left) and Plantersbank president and chief operating officer Maria Flordelis F. Aguenza (2nd from left) during the awarding ceremony. They are joined at extreme left by DBP chairman Vitaliano Nañagas II and from right DBP senior executive vice president Panser E. Tumangan, Plantersbank first vice president Ana Rose T. Kwan and DBP president and chief executive officer Simon R. Paterno.
The Development Bank of the Philippines (DBP), the institution giving the award, identified Plantersbank as one of the banking sector’s “strong links to development.” Elevated to the DBP Hall of Fame as a five-time outstanding performer under the Industrial Guarantee Loan Fund program, Plantersbank has also earned the Award of the Decade from DBP for its significant contributions under IGLF.
With over 40 years experience in private development banking, Plantersbank continues to explore, innovate and provide the Filipino entrepreneur value-added products and services. From custom-made development loans and cash management services to entrepreneurial advice and web-based business solutions, Plantersbank aims to provide the Filipino SMEs with all the financial tools necessary for their success.