BK Holds 58th Stockholders' Meeting


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On March 15, 2015 at 2:00 in the afternoon, BK conducted its 58th Annual Stockholders' Meeting at its Head Office in Ibaan, Batangas. The meeting was in line with the provision of the bank's bylaws fixing the annual meeting on the 3rd Sunday of March of every year. Like the previous years, the meeting was well-attended, registering 95.5% attendance by stockholders in person and by proxy. Also present were the other members of the BK Board led by Chairman Gerardo Ozaeta.

The President, Atty. Francis S. Ganzon, called the meeting to order. He discussed BK's financial and organizational highlights mentioning, at the outset, that the bank's asset base grew by 12.3% ending at P2.47 Billion at year-end. He also shared several other good news, the best of them was the announcement of a 10% cash dividend to the delight of the stockholders.

Atty. FSG mentioned BK's first two branches in the Province of Laguna (Nagcarlan and Pagsanjan) formally inaugurated in April 2014. The bank's decision to open in both municipalities has not only proved beneficial to its asset base, but has also been a concrete manifestation of BK's mission as an organization to continuously seek ways on how to reach and serve micro, small, and medium enterprises in the region.

Likewise mentioned was the Middle Management Leadership Program which BK's management corps went through during the first quarter of 2014 and the creation of the Branch Banking Group which focuses on bringing in the required volume of loans and deposits while maintaining operational efficiency and profitability.

In terms of awards and recognition, Atty. FSG proudly reported that for 6 consecutive years now, BK was once again the recipient of Landbank's GAWAD Countryside Financial Institution Award in Region 4. The bank likewise maintained the Bangko Sentral ng Pilipinas CAMELS Rating of 4 which is the highest grade so far that has been given to players in the banking industry.

*Source: President's Report 2015