Bermudez elected as new Veterans Bank president

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The Philippine Veterans Bank (PVB) has elected veteran banker Joey Bermudez as its new president.

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In a statement, the bank said that electing its new president is part of the plans to revitalize the medium-sized commercial financial institution, and turn it into a major player in the banking industry led by a high-caliber and world-class management team.

“I am honored and privileged to accept the appointment to say the least. Along with this, I recognize that the toughest challenge now for me as leader of this institution is to establish a solid reputation for growth, and build the bank into a truly lasting legacy to the nation and succeeding generations,” Bermudez said.

The bank’s newly elected president has been in the banking industry for almost three decades, and holds a master’s degree in Business Economics and a bachelor’s degree in commerce, major in accountancy.

A certified public accountant, he is a recipient of an outstanding alumnus award from his collegiate alma mater. He attended the Pacific Rim Bankers Program of the University of Washington.

For his part, PVB Chairman Roberto de Ocampo said that Bermudez will have a crucial role in turning the bank into a major player in the industry.

“Innovations in consumer finance and commercial lending, as acknowledged by his peers, are some of the values that Joey brings to the organization. He is credited with having built from zero an industry-leading consumer finance business, and for having transformed another institution from a purely corporate and commercial lender into a major player in mortgage loans, auto loans and small/medium-enterprise lending,” he added.

Mayvelin U. Caraballo

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