PVB

Philippine Veterans Bank, also known as PVB and Veterans Bank, is a commercial bank in the Philippines. The bank is owned by Philippine World War II war veterans and their families and caters to both corporate and retail financial markets. As part of its charter, PVB allocates 20% of its annual net income for the benefit of its shareholders.

Leading

Roberto F. De Ocampo, OBE (Chairman & CEO) Guillermo L. Parayno Jr. (Vice-Chairman) Renato A. Claravall (President & COO)

Shareholders

PVB is 100% owned by Filipino World War II veterans, their families, heirs and descendants.

Head Office

Credit

Home loans

• Home construction
• Buying a house and plot
• Buying a townhouse or condominium
• Buying a plot
• Home improvement
• Refinancing an existing home loan

Loan amount

• Minimum P375,000
• Maximum up to 80% of the estimated value of the collateral
• Up to 60% on vacant sites

Maturity

A home loan for a period of 20 years will automatically be eligible for our Cash Back offer, according to which 100% of the principal loan amount will be returned to the borrower after completion of the depreciation payments (20 years) and full compliance with the loan conditions agreed to in the loan approval. Home loans up to 15 years will not assume a refund.

Deposited

Deposit Services

Regular peso savings

• Choosing a bank book and / or ATM (optional) for individuals (non-veterans)
• Passbook for corporate accounts
• Interest rate: 0.125% per annum
• For individuals: only minimum initial deposit P1000 and supporting balance, P10,000 for receiving interest
• For corporate accounts: only a minimum initial deposit of 5,000 pounds sterling and supporting balance, 10,000 pounds sterling for interest
• Regular peso check (interest free bearing)

For individuals: only minimum initial deposit P5,000 and supporting balance
For corporate accounts: only a minimum initial deposit of 10,000 P and maintaining a balance
Special peso check (interest accrual). Current account in peso, which brings interest at 0.125% per annum.
For individuals: only a minimum initial deposit of £ 10,000, maintaining balance and receiving interest

For corporate accounts: the minimum initial deposit is only P50,000, maintaining a balance and receiving interest
Regular savings in USD Account. Interest rate: 0.125% per annum

For individuals: only $ 100 minimum initial deposit, maintaining balance and receiving interest
For corporate accounts: the minimum initial deposit is only $ 500, maintaining a balance and receiving interest
Term deposit in pesos

High-yield urgent deposit certificate for Metro Manila and provincial individuals, corporate accounts and government accounts

Terms of placement are 30, 60, 90, 180, 271 or 360 days
Only minimum initial deposit P5,000 for individuals
Only P10,000 minimum initial deposit for corporate accounts
Deposit in USD

Highly effective certificate of time deposit for individuals and legal entities

Terms of placement are 30, 60, 90, 180, 271 or 360 days
For individuals: the minimum initial deposit is only $ 1000
For corporate accounts: minimum initial deposit of only $ 5000
Premium Savings

Highly profitable bank book account with high rates based on average daily balance

For individuals: only P50,000, maintaining balance
For corporate accounts: only 100,000 P balance

REQUIREMENTS FOR OPENING DEPOSIT ACCOUNTS

For individuals (in the case of joint accounts, each investor must submit the requirements listed below):

• a) Two (2) primary IDs
• b) 2 x 2 inch photo
• c) DTI Business Registration Certificate (for individual entrepreneur)

For corporate accounts:

• a) Certificate of the Registrar, duly certified (the name of the officers for the current year and the appointment of the bank as a corporate depositary indicating the procedure for withdrawing funds and authorized signatories)
• b) Board Decision (permission to open an account and the appointment of a person (s) who are authorized to sign and on behalf of the corporation, duly sworn by the Corporate Secretary)
• c) Company Charter and Articles of Association, and all amendments thereto, if any
• d) Two (2) Primary Identifiers of all authorized signatories

Long-term deposit product

Veterans Bank presents three new term deposit products that offer not only high interest rates, but also free accident insurance. Individual investors will also receive additional benefits – exemption from income tax and document stamps!

Cash Management Services

a) Full payroll system
b) Payroll loan system for employees
c) Installing an ATM
d) Deposit Services / Coin and Invoice Delivery Agreement
e) Checking and issuing system / Account reconciliation system
f) Real Estate Tax and Business Tax Collection System
g) Banking service (Internet banking)
h) Warehouse system and service checks after the date

Other deposit services

• SSS, PhilHealth and BIR payments (over-the-counter)
• SSS and GSIS Pension Transfer
• SSS SMEC
• Deposit Monitoring Services
• Collection services (electronic)
• Electronic Payment Services

Contacts

Full company name	Philipine Veterans Bank
Address	Philippine Veterans Bank Main Office Building 101 V.A. Rufino corner Dela Rosa Streets Legaspi Village, Makati City Philippines 1229
Phone number	(02) 840-2621 - hot line
E-mail	customercare@veteransbank.com.ph - customer service
Social networks

User rating

Reviews