BancNet reelects top officers

MANILA, Philippines - BDO Unibank president Nestor V. Tan and China Bank president Ricardo R. Chua have been re-elected chairman and president, respectively, of BancNet for the 2016-2017 term.

Tan is also the president of the Bankers Association of the Philippines.

During their annual meeting recently, BancNet stockholders elected the members of the corporation’s board of directors. 

Elected along with Tan and Chua were: Redentor Bancod (RCBC), Roberto Benares (Bank of Commerce), Gil Buenaventura (DBP), Abraham. Co (Asia United Bank), Cezar Consing (BPI), Fabian Dee (Metrobank), Reynaldo Maclang (PNB), Antonio Moncupa (East West Bank), Randolph Montesa (Land Bank), Justo Ortiz (Union Bank), Alfonso Salcedo Jr. (Security Bank), Cecilio Paul San Pedro (Sterling Bank), and Elfren Antonio Sarte (Robinsons Bank).

During their organizational meeting that followed, the directors also re-elected Reynaldo Maclang  as treasurer, Aristeo  Zafra Jr. as general manager-EVP, Agnes Maranan as corporate secretary, and Elmarie  Reyes as assistant corporate secretary. Chua was also elected concurrent vice chairman and John Howard Medina, assistant treasurer.

Tan and Chua were also elected chairman and vice chairman, respectively, of the Executive Committee. Elected committee members were Consing, Dee and Maclang.  

The new Board also appointed the members of the Operations Committee which is tasked to translate into detailed operating policies and procedures the policies and directions that the Board sets and to ensure the smooth operations of the company.

The committee members appointed were: Redentor Bancod (RCBC), Noel Calalang (UCPB), Angelito Evangelista (Robinsons Bank), Owen Maramag (DBP), Dennis Matutina (Union Bank), John Howard Medina (PNB), Tomas Victor Mendoza (BDO), Randolph  Montesa (Land Bank), Mark Perez (Metrobank), Wilfredo  Rodriguez Jr. (Asia United Bank), Gerardo Susmerano (East West Bank), Manuel Tagaza (BPI), Jay Velasco  (Bank of Commerce), William Whang (China Bank), and Daniel Yu (Security Bank).   

During the stockholders’ meeting, Chua reported that BancNet had grown to be a billion-peso company with total assets of P1.18 billion as of the end of 2015.

Today, BancNet has 128 members and affiliates with 81.4 million cardholders and 8,843 ATMs nationwide.