Philippine Business Bank, Inc. announced promotion of Mr. Angelo Miguel M. Calabio, Trust Officer and Head of Trust and Investment Center, FROM Vice President TO First Vice President, effective February 16, 2022. Approved appointment of Ms. Cynthia A. Almirez as Senior Vice President/Controller, Head of Operations and Control Group, effective March 01, 2022. The company also announced change of Designation of Mr. Rolando G. Alvendia FROM Vice President and General Accounting Center Head/Officer-in-Charge (OIC) of Operations and Control Group TO Vice President and General Accounting Center Head, effective March 01, 2022, by virtue of the appointment of Ms. Almirez.

Ms. Almirez has 30 years of experience from a universal bank and a commercial bank in the fields of finance and accounting, operations and control and internal audit. She started her banking career with UCPB as Branch Operations Bookkeeper in August 1991 and became the Chief Finance Officer (CFO) of the bank last 01 January 2017. As CFO, she was responsible for the financial accounting, management, and control functions of the Bank.

She supervised bank wide compliance to accounting standards, government rules on accounting and disbursements as well as audit of financial statements, and was the Lead Person who oversaw the merger of UCPB and Landbank. . Change of Designation of Mr. Rolando G. Alvendia FROM Vice President and General Accounting Center Head/Officer-in-Charge (OIC) of Operations and Control Group TO Vice President and General Accounting Center Head, effective March 01, 2022, by virtue of the appointment of Ms. Almirez.