BancNet Re-elects Tan as Chairman, Chua as President

BancNet Re-elects Tan as Chairman, Chua as President

BDO president Nestor V. Tan and China Bank president Ricardo R. Chua have been re-elected chairman and president, respectively, of BancNet for the 2017-2018 term, the electronic payments consortium announced. Tan is also the president of the Bankers Association of the Philippines.

Re-elected with Tan and Chua during BancNet’s annual stockholders’ meeting recently were board members: Cecilia C. Borromeo (DBP), Gil A. Buenaventura (RCBC), Abraham T. Co (Asia United Bank), Cezar P. Consing (BPI), Reynaldo A. Maclang (PNB), Antonio C. Moncupa (East West Bank), Alfonso L. Salcedo, Jr. (Security Bank), and Elfren Antonio S. Sarte (Robinsons Bank). On the other hand, the new directors elected were: Edwin B. Bautista (Union Bank), Edmond E. Bernardo (UCPB), Liduvino S. Geron (Land Bank), Richard S. So (Metrobank), and Jay S. Velasco (Bank of Commerce).

During their organizational meeting that followed, the board of directors also re-elected Maclang as treasurer, Aristeo Zafra, Jr. as general manager-EVP, Agnes Maranan as corporate secretary, and Elmarie Reyes as assistant corporate secretary. Maria Fe Liza Jayme was elected assistant treasurer.

Tan and Chua were also elected chairman and vice chairman, respectively, of the Executive Committee along with members Consing, Maclang and So.

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. Appointed were: Redentor Bancod (RCBC), Ricardo Josef Bandal II (DBP), Alan Bornas (Land Bank), Noel Calalang (UCPB), Angelito Evangelista (Robinsons Bank), Maria Fe Jayme (PNB), Dennis Matutina (Union Bank), Tomas Victor Mendoza (BDO), 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).

Today, BancNet has 124 members and affiliates with 66.71 million active cards and 20,887 ATMs nationwide.

BancNet

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