BancNet’s shareholders recently elected the company’s board of directors for the term 2019-2020. Re-elected were: Edwin R. Bautista, president and CEO of Union Bank; Gil A. Buenaventura, president and CEO of RCBC; Cezar P. Consing, president and CEO of BPI; Antonio C. Moncupa, Jr., vice chairman and CEO of East West Bank; Richard S. So, EVP of Metrobank; Nestor V. Tan, president and CEO of BDO; William C. Whang, president of China Bank; and Jose Arnulfo A. Veloso, president and CEO of PNB.
Newly elected to the 15-man board were: Cecilia C. Borromeo, president and CEO of Land Bank; Camille M. Canullas, SVP and CIO of Veterans Bank; Emmanuel G. Herbosa, president and CEO of DBP; Kathleen Hernandez, transaction banking director of Standard Chartered Bank; Alan L. Matutina, president of Equicom Savings Bank; Cecilio D. San Pedro, president and CEO of Sterling Bank; and Daniel U. Yu, EVP of Security Bank.
During their organizational meeting that followed, the members of the board re-elected Nestor V. Tan as board chairman, Cezar P. Consing as president, Aristeo Zafra, Jr. as EVP and CEO, Jose Arnulfo A. Veloso as treasurer, Marie Fe Liza S. Jayme as assistant treasurer, Agnes H. Maranan as corporate secretary, and Elmarie S. Reyes as assistant corporate secretary.
The Board also appointed the following members of the Operations Committee: Ma. AntoniaBacabac of Veterans Bank, Dennis Bancod of RCBC, Alan Bornas of Land Bank, Ralph Cadiz of Sterling Bank, Renato De Borja of China Bank, Rene Guillergan, Jr. of Equicom Savings Bank, Marie Fe Liza Jayme of PNB, Dennis Matutina of Union Bank, Tomas Victor Mendoza of BDO, Noel Santiago of BPI, Salvador Serrano of East West Bank, Roseann Tan of Metrobank, Rainier Teresa of DBP, Angel Vagilidad of Standard Chartered Bank, and Daniel Yu of Security Bank.
During the company’s annual stockholders’ meeting, BancNet president CezarConsing reported to the shareholders that last December, BancNet entered into a managed service arrangement with Mastercard for the use of the state-of-the-art real-time payment solution of Vocalink, a Mastercard subsidiary. He said, “We believe that BancNet’s Vocalink-supported platform will drive exponential growth in the use of instaPay and in the process, increase our consortium’s role in and contribution to the National Retail Payment System (NRPS).” NRPS is an initiative of the Bangko Sentral ng Pilipinas that aims to accelerate adoption of digital payments in the country.