Veterans Bank Legaspi City Albay Philippines

About

Website | Email: [email protected]
Address: 442 Peñaranda Street Legaspi City Albay Philippines
Telephone / Landline / Contact Number: (052) 820 2274 / (052) 480 8909
Fax: (052) 480 8908
SWIFT Code: PHVBPHMM
About: The idea to establish a veterans bank began in 1956 when the reparations agreement with Japan was concluded. It provided for payment by Japan to the Philippines the amount of US $20 million in cash, P5 million in capital goods and US $10 million in services. Republic Act 1789 or the Reparations Law, placed the cash reparations in a trust fund for the benefit of World War II veterans, their widows and orphans. This fund was meant to be invested into a bank that should service their needs, provide for their future, and harness their potential to once again serve the nation through a financial intermediary that they can truly call their own.