July 20, 2009

Definitely the bank will go for listing later on," San Miguel President Ramon S. Ang said in an interview.For now, the bank will concentrate on a new commercial strategy, which includes installing Bank of Commerce automated teller machines (ATMs) in 1,500 gas stations of Petron Corp., the oil refiner controlled by San Miguel.

The installation of ATMs is part of three "strategic priorities"-- aligning the bank’s operations to reflect a new commercial strategy of servicing San Miguel’s clients and business partners; expanding the bank’s base of customers; and, strengthening its capital position.