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February 5, 2018
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QUEEN City Development Bank (Queenbank), a leading thrift bank in the country, will hold its annual Top Level Management Conference (TLMC) from Feb. 7 to 10, 2018 at the Dr. Rogelio M. Florete Leadership Center, Queenbank Building, Valeria Street, Iloilo City.
At the forefront of the four-day seminar are Queenbank’s senior officers and directors led by the bank’s Chairman and President, Margaret Ruth C. Florete.
Branch heads nationwide will showcase their significant achievements. In addition, areas of concern will be given outmost importance to improve service and efficiency.
This year’s theme, “Level Up: Meeting the Challenge” emphasizes Queenbank’s desire to attain its goals for this year.
Banking has evolved quite swiftly, offering an impressive variety of products and services, thus, this consistently needs to level up by meeting various challenges along the way. It requires not only the ability to remain exceptionally sharp but learn hastily and take hold of new concepts with ease.
Queenbank keeps itself abreast in advancing innovative ways and brilliant ideas to be imparted not only to its clients but to the growth of its employees as well.
Queenbank offers a wide range of deposit services. These are Peso and Dollar Savings, Time Deposit, Business Checking, Automatic Transfer, ATM, Business Payroll Services, Deposit Pick Up Facilities, Overseas Filipino Workers’ remittances and Forex Exchange Trading.
Loan services include Business Loan, Business Line of Credit, Industrial Loan, Domestic Bills Purchase, Receivables Rediscounting, Check Rediscounting, Standby Letters of Credit, Agricultural, Term, Real Estate, Housing, Multipurpose, Car Financing, and Salary.
Last year, Queenbank registered room for growth and improvements, ending with a gross revenue of P132.53 million and total resources of P2.26 billion.
In addition, Queenbank sustains a highly stable capital base with Capital Adequacy Ratio (CAR) of 32.66 percent several times higher compared to the thrift bank industry standard of 18.1 percent as of the 4th Quarter of 2017.
CAR is a measure of a bank’s capital expressed as a percentage of a bank’s risk weighted credit exposure.
Deposits rose to P1.57 billion and loan portfolio to P1.63 billion, respectively.
Banking industry wrestled various issues in the past year that resulted to stiff regulatory setting. However, Queenbank remained with good corporate governance and longer competitiveness in its sphere by predicting up-and-coming changes and envisioning solutions.
For 2018, Queenbank is focused in its technological advancements knowing that in the past decade it revolutionized both in investment and retail banking.
Keeping up in this environment means that it is attuned with emerging developments that can shape banking.
Lastly, Queenbank does organize its business in such a way as to ensure the integrity of its operations and values its client’s trust and confidence.
Queenbank will continue to stand, serve and value its clients, employees and community with commitment and honor./PN
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