BOF, Inc. Holds 8th State of the Bank Address: Countryside Banking

TPKI Building, Greenville Subdivision, City of San Fernando, Pampanga 2000 – BOF, Inc. kicked off the new year with its annual State of The Bank Address s (SOBA) delivering the milestones reached by the bank in 2015 and the strategic directions and targets for 2016.

The event was attended by BOF Leadership, together with Chairman Emeritus, Mr. Ladislao Sibal David and David Family member (Gen3) and stockholder, Mr. Jose Paolo David Carlos.

Ms. Susan David-Nunga officially opened this year’s SOBA. She said “Now, we have found the opportune time to concentrate on our customers as we tailor our offerings to the changing needs of the underserved and the unserved population. Now is the right time to boost customer centricity. Now is the best time to convert our customers to true believers. Now is the perfect time for BOF to shine bigger.. and brighter.”

On the other hand, the Chairman and President proudly reported that after more than five (5) decades of relentless service to the communities it serves, BOF, Inc. emerges tall and proud, ranking 10th among 532 rural banks in the country. As of December of 2015, our total assets stood at PhP 2.4 Billion and our Net Worth at PhP 473 Million which is more than ten (10) times the latest BSP requirement as per circular NO. 854 of PhP 40 Million required among rural banks with Head Office in all other areas outside NCR with 11 to 50 branches. She envisions BOF to be a regional champion in terms of resources, stepping up from being Rank 3 in Central Luzon (Out of 72 Rural Banks) in the next few years. JVC