Philippine Veterans Bank (PVB) and the Armed Forces of the Philippines (AFP) have signed a partnership to provide comprehensive financial services to active and retired military personnel.
The agreement, signed at AFP General Headquarters, allows PVB to offer housing, salary and auto loans to the military community. Beyond individual consumer lending, the bank will provide institutional solutions including payroll services, digital banking platforms, and the installation of automated teller machines within military camps.
PVB president Eulogio Catabran III and AFP Chief of Staff General Romeo Brawner Jr. led the signing of the memorandum of agreement. The partnership aims to enhance financial access for defenders of the country while reinforcing the bank’s historical mandate.
“As we move forward, this agreement brings us significantly closer to realizing our purpose: to be a trusted financial partner of the military community, grounded in service, stability, and shared commitment to nation-building,” Catabran said.
Catabran said the agreement is a strategic move to deepen engagement with the defense community rather than a simple transactional development. He said the initiative strengthens the bank’s institutional relevance to those who dedicate their lives to national security.
Other officials attending the ceremony included AFP Office of the Chief of Staff head executive assistant Colonel Benito Ramos Jr., PVB director retired Vice Admiral Alberto Carlos and PVB consumer lending group head and senior vice president Philip Pabelico.
Also present were PVB unsecured loans division head and vice president Sheryl Syjueco and consultants Eva Magno and retired Captain Elpidio Misolas Jr.
