year 2009

february 12, 2010
december 19,2009
november 6, 2009
october 8, 2009
august 7, 2009
july 29, 2009
july 22, 2009
june 11, 2009
june 2009
june 1, 2009
june 1, 2009
april 25, 2009
march 14, 2009
february 16, 2009
february 2, 2009

____________________

year 2008

LBC Development Bank proclaims ultimate promo winners
LBC Development Bank concluded its LBC Bank - Lucky Year! Lucky You! Promo last February 12, 2010 at the Dusit Thani Hotel in Makati City. Like in the first quarterly draw, actor-comedian Dennis Padilla came back to host and wrap up the campaign. The Bank's new Chairman and CEO, Mr. Juan Carlos G. Araneta, welcomed the guests and fully acknowledged the presence of branch managers who graced the event.

In between the drawing of winners were energetic numbers from a young dance group, Class 15 and the enthralling acoustic renditions of 26 Red interjected by the wits of the host. From a list of nationwide entries and with a Department of Trade and Industry (DTI) specialist assisting, three grand lucky winners were drawn and they were:

Capping the activity was the closing remarks of the Bank's Acting President, Mr. Marvin O. Ayende. The LBC Bank Lucky Year! Lucky You! promo is from February 2, 2009 to January 30, 2010 with DTI-NCR Permit Number 6662, Series of 2008.

LBC Development Bank supports kids anew
LBC Development Bank renewed its commitment to child welfare when it partnered with ABS-CBN Foundation during the holiday season. For the past three (3) years, the Bank supported the efforts of Bantay Bata 163, a child protection program of the foundation, when the latter conducted a year-ender activity last December 19, 2009 in Quezon City.

This year, beneficiaries of the Bantay Edukasyon Program, another organization of the foundation, received Christmas presents from the organizers. Fifty (50) scholars and their families celebrated in this fun-filled activity. Kids enjoyed the gift-giving gesture of the Bank's very own mascot and got excited from his rousing dance number. The event gave the Bank a fresh look of its responsibility in the society especially in providing the kids with an ideal environment where they can nurture and develop their potentials.

LBCDB selects more promo winners
LBC Development Bank drew its third batch of LBC Bank - Lucky Year! Lucky You! Promo winners last November 6, 2009 at the Best Western Astor Hotel in Makati City. Like before, head office employees and guests flocked to the venue to witness the drawing of another twelve (12) opportune winners from four (4) branch groups of the Bank. Prior to the renditions of special numbers, the event was graced by the Bank's Chairperson, President and CEO, Ms. Ma. Eliza V. Gonzalez and the rest of the management team.

The list of third quarterly draw winners that were validated by a Department of Trade and Industry (DTI) specialist are:

Group I

Address

1st Prize	Leticia Andaya Villanueva	Maria Cristina West Bangar, La Union City
2nd Prize	Cindy Mae Tio Cua	De Venecia Highway, Lucao District, Dagupan City
3rd Prize	Rogelio Ang Cua	295 AB Fernandez Avenue, Dagupan City

Group II

Address

1st Prize	Epifanio Torres Hermosisima, Jr.	139 Scout Rallos Ext., Quezon City
2nd Prize	Thelma Cuison Maghari	80 Recto St., Parang, N. G. I., Marikina City
3rd Prize	Efren Mendoza Gabriel	708 Lunas St., Malamig, Mandaluyong City

Group III

Address

1st Prize	Rosario R. Bongco	1-A Barreto St., E. B. B., Olongapo City
2nd Prize	Hazel Rocafort La Rosa	Brgy. Pinagtung-ulan, San Jose, Batangas City
3rd Prize	Mercy Mallari Manigbas	42 P. Canlapan St., Batangas City

Group IV

Address

1st Prize	Benedict Fernan C. Lim	42-1-1 Quezon St., Iloilo City
2nd Prize	Eunice Yao Yukayguan	YKG Industrial Sales Corp., 7-9 M. C. Briones St., San Roque, Cebu City
3rd Prize	Ryan Enfestan Rabara	11 Opal St., SM Village, Bangkal, Davao City

The LBC Bank - Lucky Year! Lucky You! promo is open to customers who open Ultima Accounts, the only passbook-based savings account with an ATM facility and a 4% p.a. interest rate or to customers who have approved loans of at least P100,000 with a minimum term of one year. The promotion details can be found in all LBC Development Bank branches nationwide and at its website: www.lbcbank.com.ph. The Bank's DTI-sanctioned promo is from February 2, 2009 to January 30, 2010. The grand draw is scheduled on February 12, 2010.

LBC Development Bank seals RB Tie up
LBC Development Bank (LBC Bank) has formalized its partnership with the leading rural bank in Mindanao, One Network Rural Bank (ONB). The signing of the memorandum of agreement (MOA) was held last October 8, 2009 with the Bank's Chairperson, President and CEO, Ma. Eliza V. Gonzalez through a representative and One Network Rural Bank's President, Alex V. Buenaventura.

The joining of forces enables both institutions to maximize their strengths and resources. ONB, a Mindanao-based rural bank, will serve as one of LBC Bank's remittance payout centers in the country. ONB's ever increasing branch network of 75 branches in the island enables beneficiaries of LBC Bank more options in claiming their remittances. Customers in the Mindanao area especially in Davao can take advantage of LBC Bank's innovative loan and deposit products that are specially-designed for the Overseas Filipino Workers (OFWs) and their families.

LBC Development Bank is the financial services arm of the LBC Group of Companies with branches and ATMs in key cities nationwide, offering OFWs and their families with innovative banking products and services. Its flagship ATM Bilis Padala remittance service allows a guaranteed 15-second delivery through over 7,000 ATMs in the Philippines.

One Network Rural Bank is the leader in the Philippine Banking industry focusing its expansions mainly in Mindanao with 75 branches all over the island. With the bank's core operating philosophy "Pera ng Mindanao, Para sa Mindanao", the bank brings economic growth by keeping Mindanao's money invested in Mindanao and its people.

LBC Development Bank draws 2Q winners
LBC Development Bank held its LBC Bank - Lucky Year! Lucky You! promo second quarterly draw last August 7, 2009 at its head office in Makati City. With a Department of Trade and Industry (DTI) envoy, twelve winners from four (4) branch groups were drawn.

The Bank's Chairperson, President and CEO, Ms. Ma. Eliza V. Gonzalez, through a rep, welcomed the attendees. Likewise, head office employees enjoyed in-between intermission numbers from selected officers and staff.

The third quarterly draw will be on November 6, 2009. The LBC Bank - Lucky Year! Lucky You! promo is open to customers who open Ultima Accounts, the only passbook-based savings account with an ATM facility and a 4% p.a. interest rate or to customers who have approved loans of at least P100,000 with a minimum term of one year. The promotion details can be found in all LBC Development Bank branches nationwide and at its website: www.lbcbank.com.ph. The Bank's DTI-sanctioned promo is from February 2, 2009 to January 30, 2010.

LBC Development Bank teams up with POEA
LBC Development Bank formally sealed its partnership with POEA (Philippine Overseas and Employment Administration) last July 29, 2009. The Bank's Chairperson, President and CEO, Ma. Eliza V. Gonzalez and POEA Administrator Jennifer Jardin-Manalili jointly signed the memorandum of agreement at the POEA office which was witnessed by representatives of both companies.

The alliance provides OFWs (Overseas Filipino Workers) access to LBC Development Bank's wide array of products and services through the government agency's regular conduct of the requisite PDOS (Pre-Departure Orientation Seminar) to departing OFWs. POEA sends over one million OFWs yearly, averaging about 3,000 daily deployments. LBC Development Bank makes available to OFWs its ATM Bilis Padala remittance service for fast and safe money transfer; OFW Loan for the OFW family's use while awaiting for the first remittance and OFW Account for high-yielding deposit investment.

POEA is one of the agencies of the country's Department of Labor and Employment, which aims to promote and develop the overseas employment program and protect the rights of migrant workers. It focuses on industry regulation, employment facilitation and workers' protection with regional centers in La Union, Cebu and Davao.

LBC Development Bank is the financial services arm of the LBC Group of Companies with branches and ATMs (Automated Tellering Machines) in key cities nationwide, offering OFWs and their families with innovative banking products and services. Its flagship ATM Bilis Padala remittance service allows a guaranteed 15-second delivery through over 7,000 ATMs in the Philippines.

LBC Development Bank releases 2008 report
LBC Development Bank published its annual report for 2008 last July 22, 2009. The Bank's celebrity endorser and himself a depositor, Edu Manzano, graced the cover with the book's theme "People Who Serve, People We Serve", trumpeting the Bank's commitment to its people, customers and shareholders, who are the foundation of its business strength and stability.

Highlighting the Bank's achievements for the year were positive results in its operations and significant jumps in its assets, capital and deposits. The sizable net income has shown the Bank's resilience amidst the global economic downturn. Likewise, it continued to make its presence felt to the OFWs through its products and services, especially in making the Bank's home loan program and remittance services accessible to them.

The twelve-monthly digest also recognized one of the most important assets of the Bank; its people, featuring the stories of its long-time employees who are highly-motivated to deliver superb work performance. Seven loyal employees whose modest beginnings and sheer dedication to their work have propelled them to where they presently are, actively playing key roles in charting the course of the Bank.

The said report is available in all the Bank's branches and customer-centric head office units.

LBC Development Bank completes bankwide retooling
LBC Development Bank recently concluded its series of annual seminars to all of its branches last July 11, 2009. The seminars were aimed at equipping its employees with additional knowledge of the Bank's latest procedures, regulations/policies and products and services. Using internal resource persons from the Bank's head office, the topics were duly outlined in standardized presentation formats, culminating with the question-and-answer forum.

The sessions focused on the newest in anti-money laundering regulations, operations update for stronger account opening/handling procedures, orientation of information security policies and familiarization with the upcoming products and services. The seminar legs were held in the Bank's Baguio branch for the Northern Luzon branches last May 30, Makati Head Office for Metro Manila, Central and Southern Luzon branches last June 6 and June 27 respectively and Cebu branch for the Visayas and Mindanao branches last July 11.

LBC Development Bank responds to pandemic
LBC Development Bank, in its repose to protect its customers and employees, activated its emergency response measures to allay the harmful effects of the A(H1N1) influenza virus. In early June 2009, the Bank issued guidelines in the prevention, containment control and clinical management of the said virus, whose origins were traced in a South American country.

The Bank mobilized its available resources to ensure that its premises are well-sanitized. Likewise, preventive measures were undertaken to keep its employees insulated by supplying them with complimentary Vitamin C-fortified pills and saps. As a precaution, employees and customers who enter the building are thermal-scanned for above normal body temperatures and are reminded to regularly use hand sanitizers with adherence to a DOH-recommended (Department of Health) hand washing procedure. With the move, there has been no reported case of said A(H1N1) influenza virus infection in the Bank.

The 2009 flu pandemic is a global outbreak of a new strain of influenza virus, identified in April 2009, and commonly referred to as "swine flu". In early June, as the virus spread globally, the World Health Organization (WHO) declared the outbreak to be a pandemic. The virus has continued to spread worldwide, especially to many less developed countries with limited healthcare systems. One major drug manufacturer has announced that the A(H1N1) vaccine will be available by end of September 2009.

LBC Development Bank unveils another deposit product
LBC Development Bank launched its yet another pioneering deposit product in the industry last June 1, 2009 called LBC Bank Royal Premium Account or RPA. This special savings account was borne out of the need to provide an attractive investment option for its loyal customers. The LBC Bank RPA was specially-designed to offer short-term depositors an alternative instrument with a much better yield in a manageable term.

As a passbook-based term account, the LBC Bank RPA allows the customer to transact numerous deposits and withdrawals during the term without the worries of unnecessary fees. Aside from the very appealing interest rate especially to customers who placed short-term deposits, the passbook enables the customer a timely monitoring of account movements. For an initial deposit of P10,000, customers can earn an interest rate of 7.5% per annum for a term of 12 months.

The LBC Bank Royal Premium Account is available in all LBC Development Bank branches nationwide. For more information about this latest product, customers may call these numbers: Metro Manila, (02) 8998686 to 89, Domestic Toll-free Hotline, 1-800-1-888-86-86 or visit its website: www.lbcbank.com.ph under Products Section.

LBC Development Bank abides by new MDIC
LBC Development Bank took steps to ensure compliance with the requirements of a new Philippine law that increases the maximum deposit insurance coverage (MDIC) for bank deposits, among others. Republic Act 9576 was enacted to increase the MDIC to P500,000 per depositor effective June 1, 2009. The new law effectively amends some provisions of its predecessor, Republic Act 3591.

The Bank, in response to the new law, began updating all its deposit paraphernalia like passbooks, certificates, standees, decals and marketing collaterals that bears the old insurance coverage. Likewise, employees were reminded about the new provisions of the law especially on splitting of deposits, among others. Customers positively welcomed the new deposit insurance law, which they consider as one of the means to promote and safeguard their bank deposits.

Republic Act 9576 also strengthened PDIC's regulatory oversight on banks through new authorities such as the conduct of special bank examinations, determination of products eligible for deposit insurance and examination of deposit accounts of ailing banks. With the new P500,000 insurance, over 97% of the total deposit accounts in the banking system is said to be protected.

LBC Development Bank announces 1st promo winners
LBC Development Bank drew the first batch of winners for the LBC Bank – Lucky Year! Lucky You! promo which was held at the Renaissance Hotel in Makati City last May 8, 2009. This first quarterly draw was hosted by actor-comedian Dennis Padilla, who, together with special guest Gabby Concepcion, entertained guests and attendees of the Bank. And in between the night’s raffle activities were the moving renditions of the Soulful Mood band. The event was graced by officers of the Bank’s head office and nearby branches and were all welcomed by the Bank’s Chairperson, President and CEO, Ms. Ma. Eliza V. Gonzalez.

In the presence of a Department of Trade and Industry (DTI) representative, winners were drawn from four branch groups of the Bank winning these Ultima account deposit prizes – first Prize P150,000, second Prize P75,000 and third prize P50,000.

Group I

Address

1st Prize	Victor Cu Que	Sinait, Ilocos Sur
2nd Prize	Leticia Dy Tan	Regal Subd., Zamora St., Dagupan City
3rd Prize	Tomas Abalos Soriano	Anoyao, Binalonan, Pangasinan

Group II

Address

1st Prize	Power Generation of the Philippines, Inc.	Suite 702, Goldloop Tower, Ortigas Center, Pasig City
2nd Prize	Milagros Clamana Guanio	Block 1, Lot 9, Phase 2 Green Heights Executive Homes, Mayamot,Antipolo, Rizal
3rd Prize	Nasugbu Hauling Management Corporation	Lumbagan, Nasugbu, Batangas

Group III

Address

1st Prize	Nicasio Empio Delos Reyes	Blk. 12, Lot 8 Jericho St., Multi National Village, Parañaque City
2nd Prize	Rosario R. Bongco	1-A Barretto St., E.B.B., Olongapo City
3rd Prize	Teresita Ramos Yap	2450 Rizal Avenue, E.B.B., Olongapo City

Group IV

Address

1st Prize	Lachmi Daswani	802 Loreto St., Juna Subd., Matina, Davao City
2nd Prize	Quirino Baldago Panos	108 Arbor Acre St., Davao Farm Village, Agdao, Davao City
3rd Prize	Arceli Mernilo Burias	Bato, Sta. Cruz, Davao del Sur

The promo’s next quarterly draw will be on August 7, 2009. The LBC Bank – Lucky Year! Lucky You! promo is open to customers who open Ultima Accounts, the only passbook-based savings account with an ATM facility and a 4% p.a. interest rate or to customers who have approved loans of at least P100,000 with a minimum term of one year. The promotion details can be found in all LBC Development Bank branches nationwide and at its website: www.lbcbank.com.ph. The Bank’s DTI-sanctioned promo is from February 2, 2009 to January 30, 2010.

LBC Development Bank moves to landmark site
LBC Development Bank – Cebu branch has finally moved to its new home last April 25, 2009. The event was attended by officers from head office which was led by Ms. Ma. Eliza V. Gonzalez, the Bank’s Chairperson, President and CEO. Councilor Jack Jakosalem was the Bank’s branch inauguration Guest of Honor, who encouraged more investments in Cebu despite the economic crunch as he stressed full confidence about the country’s resilience more specifically in Cebu province.

The Bank-owned property, which sits at a major intersection of Gorordo and Archbishop Reyes streets, a convergence of the streets’ two-way traffic, enjoys visibility from all angles for vehicular and foot traffic alike. The new Bank branch enjoys its strategic location as it is within the two roads that have distinguished Catholic Church history and notably as well, beside a prominent Catholic Church, the Asilo de Milagrosa Church. Additionally, the branch is within walking distance from a popular shopping center.

As the building also houses a sister company’s sales and corporate office, LBC Express Inc., it was coincidentally a double blessing ceremonies for both by the invited officiating priest, Rev. Fr. William C. Borces of the Blessed Sacrament Parish Church.

LBC Development Bank – Cebu branch is located at Casa LBC, corner Gorordo and Archbishop Reyes Avenues, Cebu City 6000 Philippines with telephone numbers: +63 32 231-1033 and +63 32 231-1034.

LBC Development Bank celebrates Araw ng Dabaw
LBC Development Bank, in partnership with ABS-CBN, observed the annual “Araw ng Dabaw” feast last March 14, 2009 at the Gaisano Mall Entertainment Center in Davao City. The mall event was organized by ABS-CBN as part of their Kapamilya Karavan tour, which was attended by celebrities.

Now on its 72nd charter anniversary, the “Araw ng Dabaw” saw the evolution of the Davaoeños’ celebration of oneness, which is held every March 16, officially commencing at Quezon Park last March 9, 2009 with the “DAWOW” Grand Opening Ceremony. Having the theme “Pagtupad sa Dakilang Pangako (Fulfilling the Noble Promise)”, the LBC Development Bank – Davao team joined the Parada Dabawenyo from Magsaysay Ave. to Quimpo Blvd. last March 16 with head office representatives.

LBC Development Bank – Davao branch is located at Montelibano Bldg., F. Inigo (formerly Anda) St., Davao City 8000 with telephone numbers: (082) 222-21-87 to 88.

LBC Development Bank launches unique deposit product
LBC Development Bank unveiled its one-of-a-kind deposit product last February 16, 2009 at the Bank’s head office in Makati City. Called “Ultima Account”, it is the only passbook-based savings account with an ATM facility and a 4% p.a. interest rate. The passbook enables the customer a timely monitoring of deposits, withdrawals and posting of other transactions like interest. The ATM card provides the customer convenience and easy access to funds anytime, anywhere which can also be used as payment facility for purchases in a wider reach of accredited merchants at affordable service charges.

The deposit product's distinctive features are considered pioneering due to its flexibility and attractive yields. While others offer modest interest rates in both their savings and time deposit accounts, adding to the fact that these other products only offer limited features, the Ultima Account broke those barriers for the customers’ benefit, with just an initial deposit of P10,000.

To maximize the Ultima Account’s potential to the customers, it has been included in the Bank’s ongoing LBC Bank Lucky Year! Lucky You! promotional campaign which commenced last February 2, 2009. The promotion details can be found in all LBC Development Bank branches nationwide and at its website: www.lbcbank.com.ph. The Bank’s DTI-sanctioned promo is from February 2, 2009 to January 30, 2010.

LBC Development Bank to give away house & lot, car, cash
LBC Development Bank launched its opening salvo for the year 2009 with a promotional campaign dubbed “LBC Bank Lucky Year! Lucky You!” last February 2, 2009 at the Bank’s head office. A deposit with a minimum ADB (Average Daily Balance) of P100,000 or a minimum loan amount of P100,000, entitles depositors and borrowers a chance to win over P1,000,000 in cash prizes, a Toyota Avanza car or a fully-furnished house and lot.

The promotion is open to customers who open Ultima Accounts, the only passbook-based savings account with an ATM facility and a 4% p.a. interest rate or customers who have approved loans of at least P100,000. Qualified participants are given electronic raffle entries for the three (3) quarterly draws and the grand draw. Customers who join have better chances of winning because three (3) winners will be drawn from the Bank’s four (4) branch clusters during the quarterly draws.

The promotion details can be found in all LBC Development Bank branches nationwide and at its website: www.lbcbank.com.ph. The Bank’s DTI-sanctioned promo is from February 2, 2009 to January 30, 2010.