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QUEENBANK: A HISTORY

         Founded in July 18 1981, Queen City Development Bank is an established private thrift bank with head office in Iloilo City. To date (2009), it has thirteen (13) branches all over the Philippines, with two new branches under construction including one in Metro Manila. It offers corporate and private financial services such as investment banking deposits, corporate and retail financing, peso and dollar deposits apart from the basic banking services.

     From its humble beginnings as an 11-personnel bank with P4 million in paid-up capital, Queenbank has emerged as one of the most progressive development banks in the Western Visayas region. The year after its foundation, it became an accredited foreign exchange dealer. Gradually, the bank obtained additional facilities and built a name for itself amidst a throng of emerging and more established banking institutions. Through its gestation period, it built a solid, clean reputation of supporting the small and medium enterprises (SMEs) with their financial and banking needs.

     The 90s saw a surge in the bank’s expansion of offered services. In 1993, it was granted the authority to participate in institutions such as the Philippine Clearing House Corporation (PCHC) and accept and create demand deposits. Participating in the PCHC gave the bank authority to offer checking account services to its clients. The following year, the bank invested in Automated Teller Machines (ATMs) and offered the service to its clients, yielding to an increase in clients and deposit volume.

     With its core operations located in Iloilo City, the bank has established branches in other key cities around the country. Apart from the aforementioned thirteen branches, two more are slated to open within the next year – one located in the newly constructed Plazuela de Iloilo in Iloilo City, and another in Makati City, Metro Manila.

     As the bank draws closer to its 30th year, it just did not grow into a financial institution with a solid client base given the best service it could offer but also into an institution with a heart and soul – a bank that reaches out to its clients through its socio-civic programs and hands-on involvement in uplifting lives.

 
Queenbank Financial Center - Sky City Tower (Head Office)
Mapa Street, Iloilo City