Equicom Expects Rapid Growth In Next 5 Years

Equicom Savings Bank (EqB) sees rapid growth in the next five years, eventually becoming the preferred bank of small and medium-sized enterprises as well as consumers.

EqB opened in 2008 and has since been pursuing its expansion plans and opening more branches nationwide. It offers a wide range of products and services including deposits, credit debit and prepaid cards, investments, fund management, business loans and consumer loans.

Aside from the new online banking service, EqB is also presently enhancing its logistics and support systems as it widens its multiservice delivery channel, cash management services (deposit pick-up service, payroll service, and check-writing facility, remittance services and acceptance of bills payment.

It is currently laying out services that are streamlined for its client’s convenience and needs.

The bank recently launched a zero-percent and reduced interest balance transfer promo until April 30 to all active and current Equicom credit card holders.

With this offer, cardholders can make balance transfers at zero-percent interest on three-month terms for a maximum of P20,000 and 0.8-percent interest on 12-, 18-, and 24-month terms.

“The credit card account/s applied for balance transfer must be from the same person’s principal account with another bank,” said senior vice president Elizabeth Coronel in a statement. “This must be issued in the Philippines, with a minimum tenure of three months, and should be active and in good credit standing.”