EastWest Bank opens 114th branch
Malaya Business Insight
Business Section
April 09, 2011



East West Banking Corporation, the financial services arm of the Filinvest Group and one of the fastest-growing banks today, opened to the public its 114th Branch in Butuan City, Agusan del Norte last April 19, 2011.

The newly-opened Butuan Branch is strategically located within the vicinity of major business establishments and government offices; allowing the Bank to better address the exacting needs of this bustling district. In addition, Butuan Branch boasts of a spacious and well-lighted interior to provide its customers with accessible and convenient banking services. An ATM is also available on site for quick cash withdrawals, bills payment and other electronic banking requirements.

The opening of Butuan Branch is part of the Bank's overall corporate thrust to aggressively expand its network and enhance its delivery channels in order to service more clients in key areas nationwide. Butuanons can thus look forward to convenient and rewarding transactions through EastWest Bank's efficient customer service and value-added product offerings.

Aside from its present branch network of 114, EastWest Bank to date has 119 onsite and offsite ATMs distributed nationwide. In addition, clients can access their enrolled accounts through EastWest Bank's internet banking facility.

In 2010, EastWest Bank recorded a breakthrough performance as its Net Income reached P1.8 Billion, an increase of 191.3% versus its 2009 Net Income. Total deposits, on the other hand, registered a 10% increase year-on-year.

East West Banking Corporation (EastWest Bank) opened its doors to the public on August 1, 1994. The Bank is a subsidiary of the Filinvest Development Corporation (FDC), the publicly listed holding company of the Filinvest Group that evolved from a consumer business founded by Andrew L. Gotianun, Sr. in 1955. FDC is one of the country's premier conglomerates, with business interests in real estate development, financial and banking services and the sugar business. Through the years, EastWest Bank has successfully capitalized on the financial strength and synergy from the business organizations under the Filinvest Group.