Malayan Bank pursues expansion program

Malayan Bank Savings and Mortgage Bank (MBSMB)) continue to intensify its branch expansion program, despite the financial crisis.

“Our clients know the value of saving during hard times, and clamored for more accessible Malayan Bank branches,” said George J. Martinez, MBSMB president. We are proud to announce that our bank expansion program was already accepted by the Banko Sentral ng Pilipinas (BSP).”

Last Oct. 27, 2008, BSP Licensing Group released their approval for MBSMB to establish branches in Caloocan City, Navotas City, Dagupan Pangasinan, Urdaneta Pangasinan, and Angeles Pampanga.

BSP also announced in Circular CL-2008-073 that Malayan Bank opened two branches, in Cebu and Iloilo, respectively, which aims to serve the bank’s Visayan clientele.

“Malayan Bank continues to grow, in terms of resources and profitability. Now, we look forward to offering our highly competitive products and services to our countrymen situated in Northern Luzon,” Martirez said.

Aside from the two newly-opened branches and the five prospect branches, the bank has branches in Makati City, Quezon City, Mandaluyong City, Las Piñas City, Pasig City, Malabon, Marikina City, Cavite, and Laguna.

Formed in 1996, Malayan Bank is owned jointly by the principal shareholders of GMA Network Inc.; Majalco Group; LINQ Information Entertainment Quadrant Corp., a subsidiary of the Philippine Daily Inquirier, and Liberty Flourmills.