{"id":4557,"date":"2024-06-27T18:35:00","date_gmt":"2024-06-27T10:35:00","guid":{"rendered":"https:\/\/skyrocketstudios.asia\/bancnet\/?p=4557"},"modified":"2025-03-19T18:31:23","modified_gmt":"2025-03-19T10:31:23","slug":"bancnet-elects-new-directors-for-2024-2025","status":"publish","type":"post","link":"https:\/\/skyrocketstudios.asia\/bancnet\/bancnet-elects-new-directors-for-2024-2025\/","title":{"rendered":"BancNet Elects New Directors for 2024-2025"},"content":{"rendered":"\n<p>The shareholders of electronic banking consortium BancNet, Inc. elected new directors to the company\u2019s Board of directors during their annual stockholders\u2019 meeting held June 18, 2024. They were <strong>Wilfredo E. Rodriguez<\/strong>, representing Asia United Bank (AUB); <strong>Paul Raymond A. Favila<\/strong>, representing Citibank; <strong>Henry Bremridge<\/strong>, representing HSBC; <strong>Hermogenes Esperon, Jr.<\/strong>, representing Philtrust Bank; and <strong>Cecilio Paul D. San Pedro<\/strong>, representing Sterling Bank.<\/p>\n\n\n\n<p>Re-elected to the 15-man Board were <strong>Nestor V. Tan<\/strong>, representing BDO, <strong>Alexander G. Seminiano<\/strong>, representing BPI, <strong>Manuel C. Tagaza<\/strong>, representing Chinabank; <strong>Salvador R. Serrano<\/strong>, representing East West Bank; <strong>Leila C. Martin<\/strong>, representing Land Bank; <strong>Fabian S. Dee<\/strong>, representing Metrobank; <strong>Florido P. Casuela<\/strong>, representing PNB; <strong>Reginaldo B. Cariaso<\/strong>, representing RCBC; <strong>John Cary L. Ong<\/strong>, representing Security Bank; and <strong>Edwin R. Bautista<\/strong>, representing Union Bank.<\/p>\n\n\n\n<p>At the Board\u2019s organizational meeting that followed, <strong>Nestor V. Tan <\/strong>and <strong>Fabian S. Dee <\/strong>were given a fresh mandate to lead the company as chairman of the Board and president, respectively, for the term 2024-2025. <strong>Edwin Bautista<\/strong> was also reelected Treasurer for another term.<\/p>\n\n\n\n<p>Dee told the stockholders that 2023 was another banner year for BancNet as it rode on the wave of market acceptance of electronic payments and prepared itself for the increasing demands and expectations. He underscored that the consortium \u201cmade significant strides to keep pace with market requirements, handling the growing volume with steadfast security and quality\u201d.<\/p>\n\n\n\n<p>He reported that net income rose to Php110.93 million, 11.9% higher than 2022, while ROE was at 9.9%, in keeping with BancNet\u2019s industry utility mandate.<\/p>\n\n\n\n<p>Dee also stressed that cybersecurity remained a top priority in 2023, because being an open system, \u201cBancNet\u2019s strength lies in the collective security of all its partners, from large financial institutions to smaller providers. We have diligently fortified our defenses to safeguard against potential threats, ensuring robust protection across our network,\u201d he said.<\/p>\n\n\n\n<p>In his message to the stockholders, Tan said \u201cour primary achievement this year has been our resilience, reliability, and credibility. For us, success in payments is not about accolades but about maintaining impeccable operational hygiene.\u201d<\/p>\n\n\n\n<p>Tan also maintained that \u201cour progress, however, must be synchronized with our diverse membership, ensuring that technological enhancements are accessible and beneficial to all.\u201d<\/p>\n\n\n\n<p>The Board also appointed other company officers, namely, <strong>Elmarie S. Reyes<\/strong>, CEO; <strong>Agnes H. Maranan<\/strong>, Corporate Secretary; <strong>Arnel G. Lim<\/strong>, Chief Audit Executive; <strong>Jennie F. Lansang<\/strong>, Chief Information Officer; <strong>Jonalyn V. Villasin<\/strong>, Financial Controller; <strong>Mabelyn M. Tagasa<\/strong>, Head of Information Technology; <strong>Maricelle P. Austria<\/strong>, head of Human Resources and Administration; <strong>Myra A. Privado<\/strong>, Head of Program and Quality Management; <strong>Roel Dennis S. Tan<\/strong>, Chief Risk and Compliance Officer; and <strong>Roseanne T. Tan<\/strong>, Head of Business and Relationship Management.<\/p>\n\n\n\n<p>As of December 31, 2023, BancNet had 113 members with a combined network of 26,482 ATMs and 545,489 point-of-sale terminals serving over 1 million active debit cards.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The shareholders of electronic banking consortium BancNet, Inc. elected new directors to the company\u2019s Board of directors during their annual stockholders\u2019 meeting held June 18, 2024. They were Wilfredo E. Rodriguez, representing Asia United Bank (AUB); Paul Raymond A. Favila, representing Citibank; Henry Bremridge, representing HSBC; Hermogenes Esperon, Jr., representing Philtrust Bank; and Cecilio Paul [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4558,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-4557","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BancNet Elects New Directors for 2024-2025 | BancNet<\/title>\n<meta name=\"description\" content=\"BancNet\u2019s new directors will steer the company towards greater success in 2024-2025, enhancing digital banking and financial solutions across the country.\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, 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