Background: Premiere Bank

Background Information on Premiere Bank in case you want to purchase one of their Acquired Assets

Premiere Bank has committed itself to providing its customers with products and services that are key opportunities for growth. Founded by the late Dr. Procopio C. Reyes on July 16, 1960, Premiere Bank has always been focused toward serving the Filipino entrepreneur. Since then, Premiere Bank has continued to improve and enhance its services and has kept up with modern day electronic banking services and other innovative products to meet the needs of its growing base of satisfied customers.

Premiere Bank’s business philosophy is anchored on building customers’ trust, on being a catalyst for growth and on its mission to make banking a pleasant experience for its customers.

The Bank has thirty-eight (38) online branches located within Metro Manila and the CALABARZON area. From being the Bank for the entrepreneurs and small-and-medium enterprises, its operations have expanded to include consumer finance (personal, salary and auto loans), factoring of receivables and purchase of contract-to-sell receivables. In its effort to expand market reach, Premiere Bank has embarked on a program to deploy off-site ATMs in select malls and commercial establishments. This provides support to the Bank’s suite of new, unique, and exciting electronic card and cash management products. Forged through its membership with the MegaLink consortium, the Bank allows its customers to make financial transactions not only through MegaLink’s ATM network but also through those of BancNet and ExpressNet as well.

In 2006, a consortium led by the Rohatyn Group, a New York-based private investment firm specializing in emerging markets with US$ 3.0 Billion in funds under management, and the Madrigal-Gonzalez family, infused fresh equity into Premiere Bank with the acquisition of fifty percent (50%) of total ownership. As a result, the Bank now ranks as one of the best capitalized thrift banks in the country. With a strong capital base, Premiere Bank is certainly on a steep and well-positioned growth trajectory that is anchored on a solid value proposition to its customers and on technology-enabled superior customer service.

Contact information for acquired assets:

Interested?

For inquiries, please contact Nicanor Collado / Gilbert Villanueva at (632) 853-3888 loc. 815 and 816 / 852-1187, or email nmcollado@premierebank.com.phorgtvillanueva@premierebank.com.ph

Click here if you wish to see Premiere Bank Acquired Assets.

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