Contact Information

Cebu Holdings, Inc.
20/F Ayala Center Cebu Tower
Bohol Street, Cebu Business Park
Cebu City, Cebu 6000
Tel: (63 32) 888 3700

New Bank Locators at Cebu Business Park

Friday, June 18, 2004

Three financial institutions will be opening major branches at the Cebu Business Park within the year.

Along Cardinal Rosales Avenue is the newly opened Taft Financial Center, a two-storey building which houses Taft Property Ventures, Grand Holidays and Tours and two banking institutions.

Opening this week on the ground floor of the Taft Financial Center is the Vismin headquarters of the Hongkong Shanghai Banking Corporation (HSBC).

Known as the world's local bank, HSBC in the Philippines celebrates the opening of its new branch with an ongoing exhibit of Cebuano contemporary art featuring two and three-dimensional pieces by members of the Luna Art Collective.

The new building also houses the Cebu City main office and banking center of Wealthbank Banking Corporation, which recently stared operations last May 31.  Wealthbank focuses its service on small and medium scale entrepreneurs,

In an interview, Taft Property Ventures property manager Red Castro said that the decision to locate at the CBP was influenced by the prestige and security at the business park.

Adding to the build-up at CBP is the ongoing construction of the Unionbank regional office located at the corner of Cardinal Rosales Avenue and Samar loop.

The two-storey building, which started construction last May 18, will also house an office branch with full banking services, which will have a business class priority banking service area

Operations are expected to move in by September of this year.

Unionbank has a network of 120 branches nationwide, an investment house, an insurance brokerage company and properties subsidiary.  It seeks to strengthen its retail base by implementing a branch delivery system that will transform its network into marketing outlets for a wide range of products and create a market niche in transactional products to selected top corporate clients.

Unionbank vice president Levi Villanueva said the company chose the CBP because they believe that it is the business hub outside Makati.