January 19, 2017 at 07:15 pm
Gabrielle H. Binaday
Philippine Savings Bank, the thrift bank unit of Metropolitan Bank & Trust Co., said Thursday it relocated three branches in Quezon City to provide better customer experience.
“We have relocated three of our branches in Quezon City in better locations that can be more accessible to our clients in these areas. Our clients will still enjoy the exceptional customer experience we are known for and our new facilities in our new branches,” PSBank senior vice president and branch banking group head Francis Llanera.
The three branches are PSBank Quezon Ave. Branch, PSBank Fairview Branch and PSBank Katipunan Branch.
PSBank Quezon Ave. Branch opened its new home at the ground floor of Coher Center in South Triangle on Dec. 5, while PSBank Fairview Branch transferred to the ground floor of No. 71 Commonwealth Ave. in East Fairview on Dec. 19.
PSBank Katipunan Branch is now located at the ground floor of Palodoma Building in Loyola Heights.
PSBank has a total 27 PSBank branches in Quezon City and 255 branches and more than 600 branch and offsite ATMs nationwide.
PSBank recently launched its first ever long-term negotiable certificates of time deposit, which clients can order through the bank’s more than 200 branches nationwide.
The LTNCTDs have an interest rate of 3.5 percent and a maturity of five years and three months. It will be on offer until Jan. 23.
PSBank said proceeds of the sale would be used to support business expansion and diversify the bank’s funding sources. Minimum initial placement is P50,000 with increments of P50,000 thereafter.
LTNCTDs have relatively longer maturities compared to time deposits and offer higher interest rates. LTNCTDs offer maturities of at least five years and cannot be pre-terminated by the holder.
PSBank posted a net income of P712.11 million in the third quarter of 2016, a 7.7 percent increase from a year ago.