BOF STOCKHOLDERS
TERESA DAVID-CARLOS
President and CEO
President & CEO’s Message
September 20, 2018 (Thursday)
Good afternoon my dear fellow
stockholders, officers, ladies and
gentlemen!
First and foremost, let me all
welcome
you
to
the
special
Stockholders meeting. Thank you
everyone for making time to join
us in today’s gathering.
Before I present to you a mid-year
report, allow me to share briefly
how it all began…
Born in the heart of Guagua,
Pampanga,
a
family-owned
business transpired from being a
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novice in the industry to a now
distinct and established group of
companies.
It all started on February 10, 1964
when
the
Rural
Bank
of
Floridablanca, Inc. (RBFI) was
established with an initial paid-up
capital
of
provide
for
php
the
288,000.00
to
much-needed
finances of local sugar producers,
planters and traders dealing with
the now defunct pampanga sugar
mill (pasumil), then one of the
country’s
bggest
sugar
processors.
Seven (7) years later, with the
vision
of
Emeritus,
our
late
Chairman
our
patriarch,
Mr.
Ladislao Sibal David (LSD) or also
known
as
our
“Papa
Choy”,
founder and chair of the House of
David Group joined the bank’s
board of directors, subsequently
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becoming its President in 1971
and driving the bank further up the
countryside banking niche.
Subsequently in 1972, Ladislao
Sibal David became the bank’s
president.
Currently, the House of David
Group, (HDG) is composed of six
(6) subsidiaries organized mainly
in the business of Banking and
Finance, Education, Real Estate,
Stock Market and Foundation, to
name them.
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HOUSE OF DAVID HDMIC
INVESTMENT
&MANAGEMENT
CORP,
HOUSE OF DAVID HDRDC
REALTY
AND
DEVELOPMENT
CORP
BANK
OF BOF
FLORIDA, INC.
DA
MARKET DMSI
SECURITIES, INC
MARY THE QUEEN MQCP
COLLEGE
(PAMPANGA), INC.
HOUSE OF DAVID HDFI
FOUNDATION,
INC.
Forty nine (49) years later ,on
November 26, 2013, Bank of
Florida
and
Bank
of
Lubao’s
consolidation was recognized by
the
Securities
and
Exchange
Commission (SEC)
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It was on December 17, 2013
when the Bangko Sentral ng
Pilipinas
(BSP)
issued
a
Certificate of Authority to operate
as a consolidated bank.
It was in 2014 when Bank of
Florida celebrated its 50th year as
a regional champion in providing
finances
to
the
whole
of
Pampanga and provinces outside
the region. It was held at the
Widus Hotel in Clark, Pampanga
exactly on the 86th birthday of our
Chairman Emeritus and with no
less than BSP Governor Nestor A.
Espenilla,Jr. as our Guest of
Honor and Speaker
BOF’s old logo - the star of david –
transformed itself into the ring that
now speaks of what BOF has
become and what it stands for
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now and in the future…as it
aspires to be a caring bank that is
deeply rooted in the communities
it serves.
BOF fully re-branded itself shifting
from a typical bank setting to more
cozy and homey banking facilities
that will ensure its growing number
of clients of
a family-like but
professionally run bank.
And now, let me present to you
the incomparable status of BOF in
terms of its Assets, Net Worth,
Deposit Liabilities and Loan and
Receivables both on the regional
and national level. The statistics
that you are about to see is as of
March 31, 2018.
For BOF’s assets on the national
level, it ranked Top 7 in national
with a total assets of PhP 3.202B
among 487 Rural banks
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And Top 3 in the regional level
with assets of PhP3.202B among
the 78 Rural Banks in Region 3.
PLEASE INSERT HERE TOTAL
ASSETS OF BOF as of June 2018
For BOF’s Net Worth on the
national level, it ranked 9 with a
total networth of PhP550M
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And Top 3 in the regional level .
BOF’s total net worth as of June
30, 2018 is PhP 559M
For BOF’s deposit liabilities on the
national level, BOF ranked 5 with
a total Deposit liabilities of PhP
2.410B
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While it ranked 2 in the regional .
For BOF’s loans and receivables
on the national level, it ranked 7 in
with PhP 2.234B
While it ranked 3 in the regional
level
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Performance Matters
deposit liability
loan portfolio
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past due ratio
net income after tax
For three (3) consecutive years,
BOF’s CAMELS rating was 4
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Map of Pampanga
The bank continues its expansion
covering
almost
the
rest
of
Pampanga in all its sixteen (16)
branches , one (1) in Bulacan and
one (1) in Tarlac that includes
Floridablanca, Sto. Tomas (San
Matias), San Fernando, Guagua,
Sta.
Ana,
Arayat,
Candaba,
Pulilan, Magalang, Capas, Sta.
Rita, Dau, Angeles City, Sto.
Tomas (Lubao), Sta Cruz (Lubao),
Minalin, Porac and Macabebe.
Since then BOF dedicated its
resources
Micro,
to
Small
help
and
and
assist
Medium
Entrepreneurs (MSMEs) and local
agriculture
and
trading
communities by providing them
with the much needed financial
facilities that eventually boosted
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the socio-economic development
of the province.
To date, BOF already established
18 branches.
Blessing and Inauguration
Recently,
we
concluded
the
blessing and inauguration of our
Macabebe
Branch
Office
on
August 8, 2018. It was a struggle
for everyone as the rain was
consistently pouring during that
time but it was of no moment for
everyone because of our
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dedication to
extend
financing
resources to the community of
Macabebe, Pampanga.
Corporate Social Responsibility
The following slides will give you a
glimpse of a few of all the
corporate
social
responsibility
activities of BOF, as well as the
seminars, trainings and workshops
(STWs)
that
employees
we
have
and
attended
our
to
further develop and empower our
people to be highly competent
professionals
as
part
of
our
mission.
We’ve conducted research with
regard to schools which are in dire
need of help thus we came
up
with these two day care centers
which are both very deserving in
receiving a set of tables, chairs
and electric fans to make it more
conducive for learning and
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comfortable for all its students and
teachers as well.
Cubcub Daycare in Capas, Tarlac
on April 25, 2018
Lacquios Day Care in Arayat,
Pampanga on June 28, 2018
Seminars,
Trainings
and
Workshops
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BOF Business Development and
Sales
Pipeline
Management
Program. Facilitated by Mr. Audie
B.
Masigan
and
Ms.
Ging
Masigan-Walton of MW Leads
Consulting | July 7 & 14, 2018 at
Otel Pampanga
Summer
Outing
at
Sinagtala,
Bataan on May 26,2018 of the
entire House of David Group
(HDG) of which BOF is one of its
members at Sinagtala, Bataan on
May 26, 2018
List of Seminars Trainings and
Workshops
(STWs)
Conducted
from January to June 30,2018
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Partnership
with
Key
Luzon’s
MSMED
Stakeholders
DTI
Central
Councils Conference | February
20, 2018 at the Kingsborough
International Convention Center
Pampanga Small and Medium
Enterprises Development Council
(PSMEDC)
February
learning
22,
2018
visit
in
|
Rizal
Province.
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Launching of Kapatid Mentor Me
(KMMe) Program | April 5, 2018 @
Otel Pampanga
Business
Presentation
Improvement
of
DTI's
Plan
Kapatid
Mentor Me (KMMe) Program on
May 24, 2018 at Pulilan Bulacan
Graduation of Kapatid Mentor Me
(KMMe) Program Batch 2 | June
28, 2018 @ Vista Mall Pampanga
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Other
Activities
with
Key
Stakeholders like NLABC
which
was held at Laus Group Event
Center last May 16-18,2018.
Achievements
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And the highlight of it all are the
two recognitions received by the
BOF and House of David Group in
view of its contribution to the
community it serves.
First is the recognition by the
Ateneo
Family
Development
Business
Center
(AFBDC)
held on April 14, 2018 at the
Ateneo De Manila University’s
John
Gokongwei
School
of
Management (ADMU JGSOM)
And the second one was the
award
given
by
the
People
Management Association of the
Philippines (PMAP) on May 24,
2018 at Baguio City. BOF was one
out of the three nominees from
Luzon for the exemplar award for
employer of the year alongside
with Baguio Country Club and PTT
Corporation.
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I share with all you with pride
these
awards
achievements
serve
as
and
as
these
recognitions
testament
to
our
dedication on providing quality and
family like service to all our clients.
It would not have been possible if
it weren’t for all your relentless
support in our patriarch’s vision
since day 1.
With that, on behalf of the entire
BOF & HD Families, let me extend
our gratitude to each and every
one of you present here today.
Thank you!
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