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HomeBusinessCorporateVeterans Bank Lends a Hand to LGUs Affected by Typhoon Odette

Veterans Bank Lends a Hand to LGUs Affected by Typhoon Odette

MAKATI CITY — As its own way of giving aid to Filipinos affected by the devastation of typhoon Odette, Philippine Veterans Bank (PVB) has handed over financial assistance amounting to over P1.0 million to various local government units in the Visayas and in Palawan.

These include Cities, Municipalities and Barangays in these areas. The PVB cash donations are intended to help the LGUs located in Cebu, Iloilo, Negros Occidental, Bohol and Palawan and fund their respective relief operations and rebuilding efforts.

In Cebu, one of the hardest hit by the typhoon, among the LGUs that received the donations were the cities of Cebu, Mandaue, Talisay, Naga, Lapulapu, and Toledo as well as the municipalities of Cordova, Consolacion, and Liloan. Several barangays also received cash assistance from the bank.

In Iloilo City, Mayor Jerry Treñas personally received the cash donation from PVB Iloilo Branch Head Elsa Peregil and PVB Loans Officer Jo Ann Cheng. Other LGUs in Iloilo Province that also received assistance from the Bank included the municipalities of Oton, Tigbauan and Miagao.

Meanwhile in Negros Occidental, among the LGUs that received the Bank’s financial aid included Bacolod City, Bago City, La Carlota City, Kabankalan City and the municipalities of San Enrique, Ilog, Hinigaran, Pulupandan, and Binalbagan.

In Bohol, aside from Tagbilaran City, also receiving aid from PVB were the municipalities of Panglao, Calape, Loay, Albuquerque, Anda, Antequera, Sikatuna, Balilihan and Corella.

On the other hand, while the Palawan municipalities of Roxas and San Vicente were identified as recipients of the cash aid, several barangays in Puerto Princesa also received direct aid from PVB such as Langogan, Mandaragat, San Pedro, Kalipay and Mangingisda.

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About Philippine Veterans Bank:
PVB is a medium-sized, commercial bank owned by Filipino World War II veterans and their
heirs and descendants. It operates 60 branches nationwide and caters to both corporate and
retail financial markets. As an authorized government depository bank, PVB also offers its
banking services to government agencies, government owned corporations, and local
government units. As part of its charter, PVB allocates 20% of its annual net income for the
benefit of its stockholders.

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