Message from the Chairman of the Board
Senator Wigberto E. Tañada
To all our Valued Stockholders.
For more than Twenty- One years, our ability to embrace and adapt to challenges with an open mind has enabled us to stay true to our mission – “Enriching People’s Lives”. This is through the continued delivery of quality financial services in the areas where our bank operates.
In the year 2020, the business world was challenged by a global pandemic, causing major disturbances that cascaded down to the local economic landscape. This scenario required us to frequently and consistently evaluate the situation from all angles and craft strategies that adequately address the challenges while on a lockdown. As a frontline institution, we doubled our efforts to improve our processes and adapt our systems, we gathered our strength and we continued essential financial services throughout the quarantine period. We were able to innovate and launch new ways to make our financial services available and viable in more channels as possible. We became more resolute, resilient and adaptive to an emerging new normal.
For BancoLagawe, the COVID 19 pandemic has been the most severe stress test yet. But we were able to manage and produce remarkable improvements in terms of capital strength, asset quality and net earnings in the year 2020. We believe that what steered us through this crisis was the board of directors, management and staff working together as a team.
Moving forward, BancoLagawe is determined to help the localities where it operates recover from the effects of the pandemic by making its financial resources available. BancoLagawe is determined to help the local economy recover and develop faster in this critical period. We are aware that this is a daunting task, but with a history of resiliency behind us, we shall overcome these trying times.
We look forward to the continuing trust, confidence and support of our stockholders. With you, our management and staff, and our esteemed clients, that form part of our key pillars, we will continue to help develop and build a sustainable local economy that will bring a better life to our people.
Maraming Salamat at Mabuhay kayong lahat!
Message from the Vice-Chairman of the Board
Dr. Willie A. Damasco
Welcome Dear Stockholders.
The Covid19 has brought us into exceptionally difficult situation. However, with the innovative strategies of BancoLagawe’s Management Team, we were able to survive. We truly appreciate the phenomenal performance of each player. The fruit of all labors have reached a great heights of success.
BancoLagawe is not after to the Stockholders monetary investment, it is more on serving the people with fiduciary responsibility. We encourage everyone to participate on the bank's operation activities. We will entertain any ideas that will help us to enhance more. In BancoLagawe, we are one big happy family.
Welcome Dear Stockholders.
Annual Report of the President /CEO
Mr. Therence G. Batulon
Good Morning Stockholders.
But being resilient, having the right solution coupled with a “Strong TEAM” and supportive Board, we were able to achieve an impressive Net Income after tax & LLP for the year.
The gains of 2020 will serve as our inspiration to be more “on fire” in our goals for 2021. Keeping the fire is not that easy but I strongly believe that with a clear Common Goal, everything is achievable!
