The shareholders of electronic banking consortium BancNet, Inc. elected the company’s Board of Directors during their annual stockholders’ meeting held June 19, 2025. Elected for the term 2025-2026 were Michelangelo C. Aguilar, President and CEO of Bank of Commerce; Reynaldo C. Burgos, FVP and Operations Head of PNB; Reginaldo B. Cariaso, President and CEO of RCBC; Grace Lovely V. Dayo, FVP of Land Bank; Michael O. De Jesus, President and CEO of DBP.
Fabian S. Dee, President and CEO of Metrobank; Ana Maria A. Delgado, President and CEO of Union Bank; Kathleen Charmaine H. Hernandez, Director of Standard Chartered Bank; John Howard D. Medina, COO of PBCom; John Cary L. Ong, EVP of Security Bank;
Albert T. Reyes, SVP and IT Head of AUB; Alexander G. Seminiano, SVP and Chief Digital Officer of BPI; Manuel C. Tagaza, SVP and Chief Digital Officer of Chinabank; Nestor V. Tan, President and CEO of BDO; and Ajay Verma, SVP and Officer-in-Charge of Equicom Savings Bank.
At the Board’s organizational meeting that followed, Nestor V. Tan and Fabian S. Dee were reelected chairman of the Board and president, respectively, while Reginaldo B. Cariaso was elected treasurer.
Dee told the stockholders that BancNet once again demonstrated resilience, growth, operational improvements, and strategic progress across its business in 2024. “We made significant strides in bolstering our digital resilience through enhancements to infrastructure, security, and disaster preparedness. A core element of enhancing resilience was modernizing our primary data center for increased capacity and availability,” he said. Other significant strategic upgrades were undertaken to seamlessly handle the increasing transaction volume BancNet processes, ensuring uninterrupted operations and high service levels.
Dee also reported that BancNet strengthened its financial foundation considerably, with notable increases in both total assets and equity. Total assets grew by 10% to Php1.88 billion, and total equity increased by 6% to Php1.24 billion, funded by net income which stood at Php90.63 million.
In the same meeting, the Board also appointed the members of the Operations Committee and other company officers. The committee is responsible for translating Board-defined policies into detailed operating standards and procedures. Appointed were Melanie Marie D. Aguirre of BPI, Reynaldo C. Burgos of PNB, Manish Chawla of Union Bank, Geronimo Alfred S. Crisologo of DBP, Janet D. Gamboa of Land Bank, Expedito Garcia, Jr. of PBCom,
Rainelda I. Graves of Equicom Savings Bank, Tomas Victor A. Mendoza of BDO, Wilfredo Rodriguez, Jr. of AUB, Manuel C. Tagaza of Chinabank, Dennis Tangonan of Security Bank, Juan Gabriel R. Tomas of RCBC, Jay S. Velasco of Bank of Commerce, Angela D. Vagilidad of Standard Chartered Bank, and Ramon Jaime L. Vivencio Del Rosario of Metrobank.
Aside from Dee and Cariaso, the company officers appointed were Elmarie S. Reyes, CEO; Agnes H. Maranan, Corporate Secretary; Jennie F. Lansang, Chief Information Officer; Arnel G. Lim, Chief Audit Executive; Mabelyn M. Tagasa, Deputy Chief Information Officer; Roel Dennis S. Tan, Chief Risk and Compliance Officer; Roseanne T. Tan, Head of Business and Relationship Management;
Maricelle P. Austria, Head of Human Resources and Administration; Myra A. Privado, Head of Program and Quality Management; and Jonalyn V. Villasin, Financial Controller.
