PR Savings Bank inaugurates new branch in Davao City

DAVAO CITY – The Philippine Resources Savings Banking Corporation (PR Savings Bank) – the country’s 5th largest independent savings bank – inaugurated its new branch at J.P. Laurel Avenue in Bajada in Davao City.

PR Savings Bank Senior Vice President Sheryl de la Cruz said the bank’s Santa Ana branch was relocated to the new site.

“Because the new PR Savings Bank Davao branch is located along a major thoroughfare and public transport line, our Dep-ed (Department of Education) teachers and motorcycle loan clients will find banking with us hassle-free.”

“Furthermore, coupled with our plan to upgrade to a new core banking system very soon, we are now even more poised to serve the growing sophistication of the banking public in Davao in general and existing PR Savings Bank customers in particular. We’re committed to provide the best customer service in all communities we serve,” Dela Cruz said.

Joseph Lejano, the branch manager of PR Savings Bank Davao, said the new site is located in the heart of Davao where hospitals, malls, city and regional government offices are located. “With the new site, we will be able to serve our depositors and loan clients much better. Our clients will find it more convenient to conduct daily banking transactions given our new branch’s more accessible and strategic location,” he said.

The new branch has already attracted attention of potential customers given the heavier walk-in traffic and inquiries it is getting, according to Lejano.

Currently, PR Savings Bank offers Regular Savings, Regular Time Deposit and 5-year Time Deposit. On the loans side, the bank offers Puhunang Pangkabuhayan ng mga Namamasukan for regular Dep-ed employees, Pangkabuhayan Loans and Puhunang para sa Asawa ng Driver.

The bank, which now has an asset base of almost P12 Billion, is also expected to introduce more new products. PR Savings Bank, established in 1977, has over 100 branches and “Other Banking Offices” nationwide.