Philippine Veterans Bank has four new board members

All come from the private sector.

The hew directors in the bank’s 10-person board are Guillermo Parayno; Judith Lopez, Nieves Confesor and Alfonso Cruz.

Parayno was the former commissioner of the Bureau of Internal Revenue. Lopez is chair of Isla Lipana & Co., the Philippine member firm of PricewaterhouseCoopers and is concurrently President of the Financial Executives Association of the Philippines.

Confesor is the Dean of the Asian Institute of Management and was a former labor secretary while Cruz was formerly with the Land Bank of the Philippines and Development Bank of the Philippines.

Chairman Roberto de Ocampo said the entry of the four new board members will help in pursuing strategic directions that will place PVB in a more relevant position in the local banking industry.

De Ocampo said he intends to revitalize the medium-sized commercial bank and enable it to become an active major player in the banking industry.