Specific slots for independent directors shall not be filled-up by unqualified nominees. In case of failure ofelection of independent directors, the Chairman of the meeting shall call a separate election during the samemeeting to fill up the vacancy.The foregoing procedures are essentially based on SEC Memorandum Circular No. 16, Series of 2002(Guidelines on Nomination and Election of Independent Directors).The Directors hold office for one (1) year until their successors shall have been elected and have qualified.2. Executive OfficersWalter C. Wassmer, 48, is Senior Executive Vice President and Head of Corporate Banking Group of EquitablePCI Bank. He is also a Director of PCI Capital Corporation, PCI Leasing and Finance, Inc., Express Padala(Rotterdam), B.V., EBC Strategic Holdings Corporation, Jardine Equitable Finance Corporation and EBCInsurance Brokerage, Inc. He is likewise Chairman of EBC Management, Inc. He is also currently the Presidentof L.P. Wassmer Trading, Inc. and Treasurer of WT & T, Inc.Gerard Lee B. Co, 45, is Executive Vice President and Division Head for Equitable PCI Bank’s Division IV(Visayas and Mindanao) of Commercial Banking Group. He is a Director of PCI Leasing and FinanceCorporation, PCI Capital Corporation and Agencia de Calidad, Inc.Antonio N. Cotoco, 55, is Executive Vice President and Head of the Commercial Banking Group of EquitablePCI Bank. He currently serves as a Director of EBC Insurance Brokerage, Inc., EBC Strategic HoldingsCorporation, PCI Capital Corporation, EPCIB Express Remittance (Greece) S.A. and EBC Management, Inc. Hehas been involved in Investment Banking, Corporate Finance, Treasury, Consumer Banking, Credit, Business andDevelopment and Account Management over the past 27 years. He currently also serves as a Director ofOriental Assurance Corporation and OAC Realty and Development Corporation.Bienvenido M. Juat, Jr., 51, was appointed Executive Vice President & Treasurer of Equitable PCI Bank onAugust 1, 2001. His other executive positions for Equitable PCI Bank subsidiaries include: Director of ExpressPadala International, Inc., Equitable PCIBank Cayman, Ltd., Mindanao Development Bank and EBC InsuranceBrokerage, Inc.; Treasurer of EBC Strategic Holdings Corporation and PCI Automation Center, Inc.; andChairman of Equitable Exchange, Inc.Eduardo J. Katigbak, Jr., 59, was appointed Executive Vice President of Equitable PCI Bank effective July 1,2001. He is also Chairman of Property Care, Inc.; Director and Treasurer of Express Padala International, Inc.and Trustee of PCI Bank Development Academy, Inc. He is likewise a Director of PCI Automation Center, Inc.,EPCIB Express Remittance (Greece) S.A., Bankard Building Condominium Corporation, EBC Management, Inc.,Equitable Data Center, Inc., Strategic Property Holdings, Inc., Jardine Equitable Finance Corporation, PCIBProperties, Inc., Equitable PCIBank Cayman Ltd., Two PCIB Tower, Inc. and PCIBank Buendia BuildingCondominium Corporation. He has had over 30 years of banking experience in the area of Operations andTechnology Management. He was the Country Operations Manager of a multinational bank prior to hisappointment with EPCIB.Ricardo V. Martin, 47, is Executive Vice President and Chief Financial Controller of Equitable PCI Bank. He isalso a Director of PCIB Securities, Inc., PCI Capital Corporation, Maxicare Healthcare Corporation, MindanaoDevelopment Bank and Trustee of EBC Foundation. Prior to joining Equitable PCI Bank, he served as ChiefFinance Officer and Senior Vice President for Philippine Savings Bank. Earlier, he was the Chief FinanceController of Solidbank Corporation.Dennis B. Velasquez, 51, is Executive Vice President in the Retail Banking Group of Equitable PCI Bank. He isresponsible for the group’s branch banking, consumer finance, small business lending, remittance, electronicbanking and customer care divisions. He supervises likewise the staff support divisions consisting of products,business strategy and systems support, and branch administration of the Retail Banking Group. He is also aDirector of Express Padala International, Inc., Equitable Savings Bank, Inc., PCI Automation Center, Inc.,Equitable PCI Express Padala (Deutschland), GmbH, Express Padala (Rotterdam), B.V., Express Padala (Italia),S.p.A. and Express Padala (España), S.A. He served in 2000 as the Integration Manager for Retail Banking.Prior to Equitable - PCIBank merger in 1999, he was First Vice President in-charge of Operations for BranchBanking of PCIBank. He has been with the Bank since August 1995.22
Aristotle L. Villaraza, 53, is Executive Vice President and Head of Special Projects, Asset Management andLegal Group of Equitable PCI Bank. He joined the former PCIBank in September 1994 as Vice President andHead of Corporate Finance Division and became concurrent head for the Corporate Banking 3 until November1998.Ursula A. Alano, 50, is Deputy Treasurer and Senior Vice President of Treasury Group of Equitable PCI Bank.She also holds various positions in EPCIB subsidiaries, i.e., Director of Equitable Exchange, Inc., Director ofEquitable PCIBank Cayman, Ltd., Treasurer of Bankard Building Condominium Corporation, EBC CapitalCorporation, EBC Insurance Brokerage, Inc., EBC Management, Inc., Equitable Bank Tower CondominiumCorporation, PCIBank Development Academy, Inc., Property Care, Inc., Strategic Property Holdings, Inc., TwoPCIB Tower, Inc., and Assistant Treasurer of EBC Investments, Inc. She is also a Director of Albulario and Sons,Inc.Shirley S. Ang, 52, is Senior Vice President and Head of Elite Banking Division of Equitable PCI Bank. She isalso a Director of PCI Capital Corporation. Prior to this assignments, she was Head for Commercial Banking,Central Metro Area and Division Head under the former PCIBank Chinese Banking Group.Manolo C. Arzadon, 54, is Senior Vice President of Equitable PCI Bank. He was seconded to the Bank’ssubsidiary, PCI Leasing and Finance, Inc. in April 1993 and is currently its President/Chief Operating Officer andDirector. He is also Chairman of the Board of BA Mclarens Philippines, Inc.Ramon S. David, 46, is Senior Vice President and Division Head of Corporate Banking Group – Division 4 ofEquitable PCI Bank. He is also a Director of PCI Capital Corporation and Equitable Exchange, Inc. He joined theBank as Vice President in 1993.Marvin V. Fausto, 43, is Senior Vice President and currently sits as Trust Officer of Trust Banking Group ofEquitable PCI Bank. He is a Member of the Management Committee, Asset and Liability Committee, InvestmentsCommittee, and Trust Committee of the Bank. Prior to joining the Bank in 1996, he worked as Head ofInvestments for Citytrust Banking Corporation and as Credit Officer at Far East Bank and Trust Co. He is theFounding President of the Fund Managers Association of the Phils. (FMAP) and Lecturer for the Philippine TrustInstitute.Jonathan C.B. Go, 49, is Senior Vice President of Equitable PCI Bank. He was elected Director of PCI Leasingand Finance, Inc. on November 17, 1999. He joined the Bank in 1995 as Assistant Vice President ofAdministration Group. He concurrently holds the following positions: President of Olympus Import-ExportCorporation, Director and Executive Vice President of Equitable Savings Bank, Inc., Director and Vice Presidentof Equity Development Corporation, Vice President of Equitable Development Corporation and K & L HoldingCorporation, Vice Chairman of the Board of Directors, President and Chief Executive Officer of Property Care,Inc. and PCI Travel Corporation, President & Director of Equitable Bank Tower Condominium Corporation,Director of PCIB Properties, Inc., EBC Insurance Brokerage, Inc., Equitable Insurance Corporation, StrategicHoldings, Inc., Jardine Equitable Finance Corporation, Taal Land, Inc. and Canlubang Spinning Mills, Director andTreasurer of the Executive Banclounge, Inc., Director and Vice Chairman of PCIBank Buendia BuildingCondominium Corporation, Director and President of Two PCIB Tower, Inc., President and Trustee of BankardBuilding Condominium Corporation and Trustee of PCIBank Foundation, Inc. and The Sign of the Anvil, Inc.Jea<strong>net</strong>te S. Javellana, 45, is Senior Vice President for Commercial Banking Group, Division I of Equitable PCIBank.Annie H. Ngo, 49, is Senior Vice President for Western Metro Division of Retail Banking Group of Equitable PCIBank.Jose Pastor Z. Puno, 54, is Senior Vice President of Equitable PCI Bank. He was hired in 1982 under theformer PCIBank. He is Division Head of Commercial Banking Group - Metro Manila II Division. He also servesas a Director of EBC Insurance Brokerage, Inc.Ricardo V. Reynoso Jr., 53, is Senior Vice President for Southern Luzon Division of Retail Banking Group ofEquitable PCI Bank.Richard Benedict S. So, 39, is Senior Vice President for International Division of Treasury Group of EquitablePCI Bank.23
- Page 6: The Bank’s extensive distribution
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- Page 12 and 13: Washington - Gil Puyat 5 May-05-200
- Page 14 and 15: PART II - OPERATIONAL AND FINANCIAL
- Page 16 and 17: ITEM 6. MANAGEMENT’S DISCUSSION A
- Page 18 and 19: Prospects for the FutureThe Bank’
- Page 20 and 21: Society Dialogue) and Member of the
- Page 24 and 25: Grace A. Sumalpong, 48, is Senior V
- Page 26 and 27: ITEM 11.SECURITY OWNERSHIP OF CERTA
- Page 28 and 29: The total number of shares owned by
- Page 30 and 31: SIGNATURESPursuant to the requireme
- Page 32 and 33: STATEMENT OF MANAGEMENT’S RESPONS
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- Page 42 and 43: • PAS 32, Financial Instruments:
- Page 44 and 45: The Group will also adopt in 2005 t
- Page 46 and 47: PCIB Securities, Inc. (PCIB Securit
- Page 48 and 49: Receivables from customers also inc
- Page 50 and 51: P=5 million and above and by intern
- Page 52 and 53: Service charges and penalties are r
- Page 54 and 55: IBODI consists of the following:Gro
- Page 56 and 57: The following table shows informati
- Page 58 and 59: 5. Property and EquipmentThe compos
- Page 60 and 61: GroupParent Company2003(As20042003(
- Page 62 and 63: As of December 31, 2004 and 2003, t
- Page 64 and 65: Changes in the allowance for probab
- Page 66 and 67: and claims of holders of all classe
- Page 68 and 69: 2004 2003Due WithinOne YearDue Beyo
- Page 70 and 71: GroupParent Company2004 2003 2004 2
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(As restated -Note 2)(As restated -
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These segments are the basis on whi
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Percent of past due non-DOSRI accou
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eceived SPV Notes amounting to P=2.
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Equitable Venture Capital Corp.Equi