ONB posts P7.4B in deposits for first semester of 2010

August 3, 2010

One Network Bank (ONB), the widest banking network in Mindanao, posted a growth in the volume of deposits for the first six months this year amounting to P7.4 billion.ONB President and Chief Executive Officer Alex Buenaventura said the increase grew by 26 percent compared to the volume of deposits of the same period last year with only P5.9 billion.

Buenaventura attributed this to the country’s resiliency and Mindanao’s agriculture business that has improved over the years and has been benefiting the banking sector.

He said the increase in deposits of about P1.5 billion came mainly from savings depositors who contributed an additional P900 million or 29 percent increase against last year’s. There are about 590,000 accounts for the small depositors as of June 2010.

Buenaventura said over the years, an average of 5,000 new accounts has been opened mostly by small depositors either through the affordable “PeraAgad ATM Pinoy Card” of only P100 or the affordable Regular Savings Account also of P100 for the opening amount.

He added the time deposit is also a major contributor to the increase in deposits which contributed P600 million, up by 34 percent from last year’s level.

He said this could be explained mainly by the placements from big depositors or high network clients who have now developed the confidence in trusting their money with a big rural bank.

On the other hand, Buenaventura said the outlook for the second half of the year in terms of net income is much better than actual performance in the first half.

He said the point of view is mainly due to the projected more aggressive lending under the Department of Education (DepEd) Salary Loan Program and One Business Loan Program.

The product features and delivery systems of both programs have recently been enhanced to be more competitive against other banks who have taken out market share from ONB over the last year of less P400 million, or six percent in ONB loan portfolio.

Given these drivers, Buenaventura said ONB accumulates P136 million net income within the first half of this year.

This represents a big 32-percent increase over last year’s net income of only P103 million.

“With our theme for year 2010 ‘The Big Bank in Countryside Mindanao’, now with 75 branches, we are greatly inspired by ONB’s new-found trust and patronage from new big depositors from all over Mindanao,” he said. (PNA)


Church, others hopeful of P-Noy’s campaign vs corruption

July 18, 2010

also posted @ www.pna.gov.ph
DAVAO CITY — After President Benigno Aquino III formally announced his agenda in governance during his inaugural speech on June 30, the Catholic Church on Sunday took note of the government’s move to curb corruption.

Fr. Gilbert Sataya, during the homily at Our Lady of Lourdes Parish in Bangkal, Davao City, cited the call of Pres. Aquino’s administration to work on addressing the issue on corruption.

He likened the Gospel that “with the huge harvest, few came to do the task” to the call of the President, which he said was a big challenge to the Cabinet members.

While he urged the parishioners to bring the messages to as many people of taking part in the Church evangelizations of spreading the good words, he said everyone should take part in the task in making the Philippines a better country.

In a separate interview, taxi driver Epifanio Amihan said sa pagpaminaw naku sa mga gibatbat sa bagong President bahin sa pang gobiyerno sa iyang inagurasyon, dili naku isalig ning tanan sa iyaha kay maningkamot ko nga makatabang ko pananglitan sa pagsunod sa balaod sa trapiko (after listening to the President’s detailed agenda of his government, I will do my share of helping the government by way of following traffic rules).

“Mouyon ko sa pagpawala sa “wang wang” kay ang datu ug pobre pantay dapat nga mogamit sa karsada (I support the ban of sirens because there shoud be equal road access between the rich and the poor,” he said.

“Bahin sa korupsyon sa gobiyerno, dili ma ni mawala gyud pero kung kitang tanan motabang ilabina nang taga gobiyerno makuhaan gyud ni (with regards corruption, I don’t think this will be eradicated but if all of us will help especially those in government, I think this will be lessened),” he said.

Government worker Roger Martel of Bangko Sentral ng Pilipinas in Davao said that what the President said was a call for government personnel to work harder.

Davao City Mayor Sara Duterte-Carpio said she was happy to hear the President stressing hard on tackling government corruption and for government workers to show more of their skills and talents as public servants.

President Aquino said not all in government were corrupt and for those who were performing well he said “panahon na nila ngayon na magpakitang gilas (it’s time for them to show their utmost abilities)”.

Duterte-Carpio, as part of her priorities as the new mayor of Davao City, started reviewing the performance of the city government workers and for those who lacks skills will be trained while they will offer retirement packages for those who would want to avail of the package although everyone will be assessed as to their performance.

Davao City Chamber of Commerce and Industry, Inc. (DCCCII) president Engr. Robert C. Quinto welcomed the President’s directive of transparency in dealing with the business sector.

He said this was a big boosts for the business community and for those prospective investors.

On the other hand, Philippine Constructors Association (PCA), Inc. president Levy Espiritu said he liked the President’s governance and he was firm and bold when he detailed his agenda during his inauguration speech.

Global Link chief executive officer Patrick Lawrence Tan said there was high optimism in the construction industry especially when President Aquino launched a call against corruption.

“The construction industry probably was the worst sector and hearing him said that the stakeholders are happy and with high optimism they are willing to support this government”.

He said this can be seen perhaps after three years but then they are happy to work in an environment where the leader is sincere in pushing for a better Philippines. (PNA)
RMA/Digna D. Banzon/lvp/rsm

March 25, 2010

Pag-IBIG Fund Davao notes 10% growth housing loan borrowers as of Sept. ‘09

DAVAO CITY, Nov. 5 (PNA) — Pag-IBIG Fund Davao noted a 10 percent increase in housing loan borrowers as of September 30 this year compared to same period last year.

Pag-IBIG Fund branch manager Manolito Olegario said the increase of loan borrowers could be attributed to their active promotion of the program.

Olegario said there is also demand for more housing units.

He said 50 percent of their borrowers are from outside of Davao City like Cotabato and Surigao provinces.

He said the government-owned corporation sold P278.9 million of its acquired assets or 849 units from January to September 2009 in Davao City alone.

“For disposal starting October this year, some 566 units located in established subdivisions within Davao City and Davao del Sur,” he said.

On the other hand, Eduardo Manicio, executive vice president of the Social Housing Finance Corporation, said their office assisted hundreds of settlers in Davao City.

Manicio said they have already spent almost P84 million in legalizing the tenure of their occupancy in the area. (PNA)    … published at Davao dailies and at http://www.pna.gov.ph

Davao City got highest in new registered corporations/partnerships in Mindanao area for 2008

January 17, 2009

Davao City raked in the highest number of new registered corporations and partnership that were served by the Securities and Exchange Commission Davao extension office in 2008.

SEC Davao head Atty. Javey Francisco said the city cornered 314 new businesses of the 464 corporations that registered with their office last year around Mindanao.

General Santos City followed next with 36 then Tagum City with 18. Fourth in the row were Mati City, Koronadal City and South Cotabato with nine new registered corporations each.

Cotabato City ranked fifth with eignt while Davao del Norte on the seventh with six. Panabo City and Digos City came next with six new registered corporations and partnerships. Davaod del Sur had five while Davao Oriental, Surigao del Sur and Mati City with four each and Agusan del Sur, 3.

The Compostela Valley Province and the cities of Malaybalay, Bislig andButuan had two each. Only one new corporations registered in the Island Garden City of Samal, North Cotabato, Lanao del Sur, Surigao City, Midsayap and Cagayan de Oro City.

Francisco said the 464 corporations had a paid-up capital of P215.4 million which came lower by 38 percent or P134 million compared to the P349.8 million in 2007. He said of the new corporations last year, Davao City’s businesses for paid-up capital accounted to P124.6 million while General Santos City at P27.4 million and Tagum City, P21.5 million.

Meanwhile Francisco said with regards to foreign direct investments (FDI) of 80 new businesses with paid up capital of P15.177 million, Davao City still got high with 67 corporation and paid up capital of P11.4 million. General Santos City had 3 of P1.1 million, Davao Oriental, 2, P1.036 million, Koronadal City, 2, P1.250 million.

He said according to nationalities, the Chinese top the list followed by Korean and Dutch.

Pag-IBIG @ 28

December 17, 2008

Pag-IBIG Fund getting stroger, growing bigger @ 28

Photo shows Pag-IBIG Fund vice presidents (right) Jose W. Banzon, Jr for Southern Mindanao and (center) Ophelia dela Cerna for Northern Mindanao with Davao branch manager Manolito O. Olegario during the opening of exhibit at the Pryce Tower Business Park in Davao City.   The exhibit features the highlights of the Fund’s accomplishments since it  was established in (December 14) 1988 to 2008.


Pag-IBIG SouthMin posts collection growth

November 15, 2008


In photo with Mr. Banzon were editors and reporters from Business World, Philippine Daily Inquirer, Philippine Information Agency, Philippine News Agency, Mindanao Daily Mirror, Mindanao Times, SunStar Davao and The Edge

Pag-IBIG Fund of the Southern Mindanao Group has posted a P4.486 billion collections for the first nine months in 2008.

Vice President Jose W. Banzon, Jr. of Pag-IBIG Fund Southern Mindanao Group in an interview by Davao business reporters at Pryce Tower in Davao City said the Short-term Loan (STL) is biggest of the four anchor programs with P2.343 billion.

He said of the other three programs, members’ contribution followed next with P882.6 million, housing loan at P868.7 million and acquired assets collections at P391.7 million.

Based on annualized collections, he said the Southern Mindanao Group would generate about P5.982 billion as against the target of P5.556 billion, an increase of 10.48 percent.

Banzon also said that from among the four branches of the Group, the Davao branch tops the list with total collections generated within the period in review of P1.869 billion. The General Santos City branch ranks second with P923.623 million, Tagum, P866.030 million and the Cotabato branch with P827.16 million.

Also of the four major programs he mentioned that the Short-term Loan Availment is the most sought after services being accessed by Pag-IBIG members.

He said their total exposure of P2.538 billion is accessed by 168,110 members.

“This program is top gainer because they were able to institutionalize the fast phase of processing of loans,” he said.

“Fund members are interested on this because they find it very convenient. Within a day or two, borrowers can already have their loans processed,” he said.

Based on annualized figure this year, he said their total loan amount is at P3.384 billion that will be accessed by 224,147 members.

He said figures would show that 36 percent of the Pag-IBIG Fund members availed of the STL, a figure that only the Fund from among other similar institute could deliver.

The Southern Mindanao Group is expected to give out total STL loan for 2008 of P2.637 billion to about 166,974.

Current figure showed that the Group will hit towards end of 2008 128.30 percent of the loanable amount and about 134.24 percent increase of the Fund’s borrowers.

Banzon also said that the Southern Mindanao Group has a total of 472,638 active members as of September 2008 as against this year’s target of 465,696 registering an increase of 101.49 percent.

The Davao branch accounted to 196,259, Tagum, 88,452, General Santos, 103,523 and Cotabato 84,404.