ISLA Bank
Encyclopedia
ISLA Bank is a duly licensed thrift bank in the Philippines
owned by the Lopez-Vito family. The first branch of ISLA Bank was established in 1977 at Iloilo City
. Currently, it has 3 branches located in Makati City
(Head Office) , Iloilo City
and Bacolod City
. The bank was established from a rich Filipino heritage and inspired by the home's example of solidarity, reliability, and trust. ISLA Bank strives to emulate the responsibilities the home has ministered through the ages.
ISLA Bank's financial condition continues to remain strong. Total resources of the bank increased by 5.8% to end 2009 at P1.009 billion. This marked a milestone for Isla Bank as the bank reached the P1 billion total resources level for the first time. This was due primarily to a 16.3% increase in its deposits to P377.3M from P324.3M the previous year. The bulk of funds continue to be invested in overnight lending which amounted to P430.1M at the end of the year, although this was a slight drop of 1.0% from P434.2M at the end of 2008. Investment in Government Securities rose significantly by 28.4% to P341.8M from P266.1M the previous year. The banks' loan portfolio, however, dropped by 12.5% to P109.6M from P125.4M, again due to the lack of quality loans in the market as the result of the ongoing economic crisis.
ISLA Bank has done a good job in re-cladding the fading Glass Tower in Legaspi Village Makati City, which the Iloilo-based owners, the Lopez-Vitos, recently acquired from their cousins, the Rufinos.
Rafael J. Lopez- Vito - Vice Chairman
Ma. Melinda I. Lopez-Vito
Eduardo V. Lim
Jocelyn M. Gozum
Ma. Pilar J. Lopez-Vito
Jose Manuel J. Lopez-Vito
Ma. Asuncion M. Imperial
Oscar L. Hernandez
Nemesio S. Magno
Violeta G. Angeles
115 C. Palanca, Jr. St.,
Legaspi Village,
Makati City
Tel. No. (632)-840-40-20
Iloilo City -Plaza Jaro, Jaro,
Iloilo City
Tel. Nos. (033)-329-07-30 (033)-329-40-19
Bacolod City -RS Bldg., Hilado St.,
Bacolod City
Tel. Nos. (034)-433-85-55 (034)-433-68-88
, First Consolidated Bank
, and Equicom Savings Bank
.
Philippines
The Philippines , officially known as the Republic of the Philippines , is a country in Southeast Asia in the western Pacific Ocean. To its north across the Luzon Strait lies Taiwan. West across the South China Sea sits Vietnam...
owned by the Lopez-Vito family. The first branch of ISLA Bank was established in 1977 at Iloilo City
Iloilo City
The City of Iloilo is a highly urbanized city in the Philippines and the capital city of Iloilo province. It is the regional center of the Western Visayas, as well as the center of the Iloilo-Guimaras Metropolitan Area...
. Currently, it has 3 branches located in Makati City
Makati City
The City of Makati is one of the 17 cities that make up Metro Manila, one of the most populous metropolitan areas in the world. Makati is the financial center of the Philippines and one of the major financial, commercial and economic hubs in Asia...
(Head Office) , Iloilo City
Iloilo City
The City of Iloilo is a highly urbanized city in the Philippines and the capital city of Iloilo province. It is the regional center of the Western Visayas, as well as the center of the Iloilo-Guimaras Metropolitan Area...
and Bacolod City
Bacolod City
The City of Bacolod , is a highly urbanized midsize Philippine city. It is the capital of the Negros Occidental province. Having a total of 499,497 inhabitants as of August 1, 2007, it is the most populous city in the Western Visayas Region. It is currently ranked as the 17th most populous city in...
. The bank was established from a rich Filipino heritage and inspired by the home's example of solidarity, reliability, and trust. ISLA Bank strives to emulate the responsibilities the home has ministered through the ages.
ISLA Bank's financial condition continues to remain strong. Total resources of the bank increased by 5.8% to end 2009 at P1.009 billion. This marked a milestone for Isla Bank as the bank reached the P1 billion total resources level for the first time. This was due primarily to a 16.3% increase in its deposits to P377.3M from P324.3M the previous year. The bulk of funds continue to be invested in overnight lending which amounted to P430.1M at the end of the year, although this was a slight drop of 1.0% from P434.2M at the end of 2008. Investment in Government Securities rose significantly by 28.4% to P341.8M from P266.1M the previous year. The banks' loan portfolio, however, dropped by 12.5% to P109.6M from P125.4M, again due to the lack of quality loans in the market as the result of the ongoing economic crisis.
ISLA Bank has done a good job in re-cladding the fading Glass Tower in Legaspi Village Makati City, which the Iloilo-based owners, the Lopez-Vitos, recently acquired from their cousins, the Rufinos.
Board Of Directors
Jose Ma. J. Lopez-Vito III - ChairmanRafael J. Lopez- Vito - Vice Chairman
Ma. Melinda I. Lopez-Vito
Eduardo V. Lim
Jocelyn M. Gozum
Ma. Pilar J. Lopez-Vito
Jose Manuel J. Lopez-Vito
Ma. Asuncion M. Imperial
Oscar L. Hernandez
Nemesio S. Magno
Violeta G. Angeles
Branches
Makati City - Glass Tower,115 C. Palanca, Jr. St.,
Legaspi Village,
Makati City
Tel. No. (632)-840-40-20
Iloilo City -Plaza Jaro, Jaro,
Iloilo City
Tel. Nos. (033)-329-07-30 (033)-329-40-19
Bacolod City -RS Bldg., Hilado St.,
Bacolod City
Tel. Nos. (034)-433-85-55 (034)-433-68-88
Loans
- Personal Loans
- Corporate Loans
- Auto/Truck Loans
- Appliance Loans
- Agricultural Loans
- Equipment Financing
Competition
Isla Bank mostly competes with other thrift banks, such as Philippine Postal Savings BankPhilippine Postal Savings Bank
The Philippine Postal Savings Bank , also known as PostalBank, is the state-owned postal savings system in the Philippines. It is the smallest of the Philippines' three state-owned banks, ranking 16th among thrift banks in terms of assets...
, First Consolidated Bank
First Consolidated Bank
The First Consolidated Bank, also known by its initials FCB, is a private, independent development savings bank organized in 1982 in the province of Bohol in the Philippines by a group of Filipino businesspeople...
, and Equicom Savings Bank
Equicom Savings Bank
Equicom Savings Bank, Inc. is a duly licensed thrift bank majority owned by the Equicom Group and Mr. Antonio L. Go. Mr. Go was the former Chairman of Equitable PCI Bank and was also Founder and President of Equitable Card Network established in 1989...
.