Corporate Profile

EastWest Bank became the 34th commercial bank in the country when the Bangko Sentral ng Pilipinas granted it an authority to operate as a commercial bank on July 6, 1994 – the first commercial banking license issued in over 20 years. EastWest Bank’s establishment is a solid testimonial of the government’s policy on bank liberalization allowing greater participation of investors in the thriving financial market. Filled with desire and optimism to make a difference in the lives of the Filipinos, EastWest Bank formally opened its doors to the public on August 1, 1994.

Realizing the need for the use of technology in the realization of its vision and goals, the Bank undertook a systems upgrading program in 2008. This resulted in a more efficient delivery of bank products and services to clients through enhancement of the Bank’s ATM’s and development of online banking and mobile banking facilities.

After seven years of operations, the Bank shed off its former rising sun logo to give way to a new double infinity icon. Symbolically, the new logo represents “limitless opportunities and possibilities” that EastWest Bank will endeavor to explore and develop for its clients. In line with EastWest Bank’s vision of providing world-class banking services, the corporate slogan,
“A Passion for Service. Simpler. Faster. Better.” was unveiled at the beginning of 2008. This slogan embodies the direction of the Bank – to continually enhance and develop products and financial services that offer optimum yield and convenience to its valued customers. Ultimately, this direction will lead to better banking experience for clients.

Over the last three years, EastWest Bank has become one of the fastest growing banks. In 2009, the Bank increased its capitalization from P5 billion to P8 billion. It also acquired AIG PhilAm Savings Bank, placing EastWest Bank in the top six banks in both the credit cards and auto finance segments.

EastWest Bank has embarked on an extensive expansion program that includes the establishment of more strategically located branches across the country. At present, the bank has a total network of 89 branches: 54 in Metro Manila and 35 in key provincial areas.

EastWest Bank is a subsidiary of the Filinvest Development Corporation (FDC), the publicly listed holding company of the Filinvest Group founded by Andrew L. Gotianun, Sr. in 1955. FDC is one of the country’s premier conglomerates, with business interests in real estate development, financial and banking services and the sugar business.

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