EastWest opens 10 new branches

MANILA, Philippines - EastWest Banking Corp. (EastWest Bank) has opened 10 more branches last month, bringing its branch network to 255. The target is to hit 350 by the end of 2014. The newly-opened branches are located in Tondo, Manila; Kalentong, Mandaluyong City; Cubao, Araneta Center in Quezon City; Alabang in Muntinlupa City; Ninoy Aquino Avenue, Parañaque City; BF Homes in Parañaque City; Bonifacio Global City in Taguig; Legaspi Village in Makati City; Tanza, Cavite and in Asia Town IT Park in Cebu City. Last year, EastWest Bank grew its network two-fold, or from 122 in 2011 to 245 by end-2012. EastWest Bank is a publicly-listed company and a subsidiary of Filinvest Development Corp. (FDC), also a publicly listed holding company of the Filinvest Group founded by Andrew L. Gotianun Sr.