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QUEENBANK: A HISTORY Queen City Development Bank is an established private development bank based in Iloilo City with branches operating in key cities all over the Philippines, offering financial services to both companies and individual investors. Its services include deposit in investment banking, corporate and retail financing, dollar deposits and other basic banking products. Its main office is located In Iloilo City, Philippines. Though it began in 1981 as a small company with only 11 personnel and P4 million in paid-up capital, it quickly grew into one of the preferred banks for Small and Medium Size Enterprises in Western Visayas. In 1982, it became an authorized foreign exchange dealer. In 1993, it was granted the authority to accept or create demand deposits and was able to participate in the Philippine Clearing House Corporation (PCHC). This facility enabled the bank to service the checking account requirements of its clients. In 1994, the bank improved its service delivery by investing in Automated Tellers Machines (ATMs). These additional services proved very effective in increasing its client base and volume of deposits. As the bank grows more dominant in the region, it has also established branches in various key cities in the country, and continued to employ a series of capital build-up programs to cope with its growing loans and deposit portfolios, and is constantly searching for new ways to satisfy its clients.
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