PENBANK Inc., the banking arm of the RD Group of Companies, opened its new branch at the A-Strip Commercial Center, V. Rama Avenue, Cebu City to make its services more accessible to customers and provide personalized services including loans for small and medium enterprises, auto loans, housing loans and commercial loans, among others.This specific branch of PenBank was formerly located on P. del Rosario St. and is now in a better and bigger space with ample parking to be able to cater to its growing clients in both downtown and uptown Cebu. “We realized that there are no banks in this area. As a banker, financial partner, a private development bank and a monetary consultant with a goal of helping small and medium enterprises predominantly to the middle-income earner, we took the opportunity to have a better place in order to cater to our clients,” said PenBank-Cebu regional manager Eugene Bana-ay Jr.According to the company’s dynamic president and chief executive officer Conrado Olarte who was on Zoom during the event, the new location will help them reach some of their company goals such as building new relationships and maintaining long-term client relationships founded on mutual trust and confidence.The grand opening and ribbon-cutting ceremony was attended by the RD Group of Companies director and vice-chairman of PenBank, Roy Rivera, who also delivered an inspirational message on how they were able to level up with the competition and be at par with other banking industries amid the pandemic.Nurtured by prudent and innovative management, PenBank now has 32 branches nationwide and six branches in Cebu. Two are located in Cebu City, two in Mandaue and one each in the cities of Lapu-Lapu and Talisay. SPONSORED CONTENT