Background: Philippine Veterans Bank

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

From the time the Bank was established in 1963 up to its closure in 1985, the veterans only received P28 in cash dividends. With the reopening of PVB in 1992, the new leadership of the Bank saw to it that the veterans partook in the success of the Bank. As a result, PVB never failed to declare and distribute cash and stock dividends annually since then.

To date, a total of P2.54 billion in stock and cash dividends have been declared by the Bank. Consequently, the shareholding of each veteran grew tremendously by 2,850 percent (the highest so far in the industry) from one common share and one preferred share valued at P200.00 to 54 common shares and 10 preferred shares valued at P6,400.00.

To the ailing and elderly veterans, free medical care and medicines are provided by charitable institutions that are financially supported by the Bank. For one, the VFP Out-Patient Center in Taguig, was established by the Board of Trustees for the veterans of World War II out of funds remitted to it by PVB as mandated by law. The Center, which is equipped with modern medical facilities and manned by a dedicated corps of medical professionals, continues to provide dental and medical services, medicines, including the provision of eyeglasses and dentures free-of-charge to veterans, their widows and orphans. Moreover, the Bank gives veterans preferential treatment on their deposit and loan transactions. PVB gives preference in employing their children and grandchildren.

Given this opportunity to chart the destiny of their Bank and knowing that the veterans, are now in their twilight years and must continue enjoying their benefits, the PVB leadership has firmly resolved to continue establishing a solid reputation for growth and build the Bank into a truly lasting legacy to the nation and succeeding generations.

Click here if you wish to see Philippine Veterans Bank Acquired Assets.

 

Philippine Veterans Bank – Acquired Assets

Looking to purchase foreclosed properties? Veterans Bank has several acquired assets ranging from residential lots to commercial and agricultural properties that may be of interest to you.

DOWNLOAD Philippine Veterans Bank – Acquired Assets

Please note that the content of the PDF file may not be up to date. To inquire about a property or other foreclosed properties not on the list, please call Philippine Veterans Bank Asset Recovery and Management Division at the following:

Trunkline: (02) 902-1600 / 1700 local 8302, 8303, or 8305
Direct Lines: (02) 902-1693 or (02) 902-1694
You may also send an email to assetsrecovery@veteransbank.com.ph