With the need to boost capital amid cutthroat competition in the banking space, Philippine Veterans Bank (PVB) went to Congress during the pandemic to overhaul its 50-year-old charter. The bank's new charter now allows the expansion of its capital base to P10 billion and also updates the definition of what a 'veteran' is. Now included in its definition are not just the World War II veterans recognized by the Philippine and United States (who are getting fewer by the day) but any person who had legitimately served in the country's air, land or naval services.

https://business.inquirer.net/413874/biz-buzz-veterans-bank-saling-pusa-no-more

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