One of the country’s most liquid and technically-advanced banks, Union Banks, opened its branch in Dumaguete City in ritres attended by its chairman of the board, Justo Ortiz and other officials recently.

Chairman Ernesto Quiamco of the Negros Oriental Business Development Foundation said, the entry of investors is aimed not only for competition among the banks, but also providing more employment, and additional money in circulation.

Ortiz said the bank is expanding in the countryside for a customized service to its clients. The bank has more money than what is available in their existing customer base, he said, adding that “we are expanding because of excess liquidity and solvency.”

“We, have purchased a lot, built our own building, and this demonstrates our commitment in the community,” Ortiz said. He also stressed that one thing that distinguishes Union Bank from its competitors terms of service level, is their relationship managers, who are not tied to the branch itself, but go out to the customers.

Ortiz said they chose Dumaguete for their next branch because of the existing clients in other parts of the country that are based in the city of gentle people, or expanding their business in Dumaguete. The city is also one of the top three in Philippines in terms of internet use, Ortiz said. Their Dumaguete bank is the 182^nd all over the country, and it is managed by Joy Quiamco.

Meanwhile, Ernesto Quiamco said they are expecting to open three more banks in Dumaguete this year, and more to come, which is an indication of an improving economy.