April 4, 2025Bank of Commerce (BankCom), an affiliate of San Miguel Corporation (SMC) and one of the fastest-growing universal banks in the Philippines, was given the recognition of being the sixth top taxpayer for 2024 in the City of Mandaluyong. BankCom’s Chief Financial Officer, Mr. Antonio S. Laquindanum, received the plaque of recognition on behalf of the Bank during the awarding ceremonies on February 8, 2025 as part of the celebration of the Tiger City’s 80th Liberation Day and 31st Cityhood Anniversary. Mr. Laquindanum was joined by Main Office-San Miguel Branch Manager, Ms. Cecille Mae Rivera; Main Office Branch Area Head, Ms. Liberty Balgemino; and Metro Manila II Division Head, Ms. Lolita Carlos. BankCom plays a valuable role in providing innovative products and services that support Mandaluyong’s citizens and various enterprises with their financial needs and requirements. At the same time the Bank proudly fulfills its tax obligations, playing a vital role in driving the city’s economic growth and progress. “We are deeply honored to once again be among Mandaluyong City’s top taxpayers. This recognition attests to our strong partnership with the local government of Mandaluyong and our consistent efforts to contribute to significant projects that are vital for the development of the city and its people. We believe that what our employees do matters – BankCom is proud to be part of this thriving community, and will stay committed to upholding integrity, transparency, and socio-corporate responsibility,” said Mr. Laquindanum. About Bank of Commerce An affiliate of San Miguel Corporation (SMC) since 2008, Bank of Commerce is a publicly-listed universal bank focused on helping its clients, communities and conglomerate partners by delivering the best choice of financial services harnessing the strengths of the SMC Group. Bank of Commerce is identified by its logo bearing the SMC symbols of escudo and cloverleaf, and by the trademark license short name “BankCom” granted by the Intellectual Property Office (IPO) in 2020. BankCom traces its origins to the Overseas Bank of Manila which opened in Binondo, Manila in 1963. BankCom posted a net income of Php 3.02 billion as of 31 December 2024, up by 8% from Php 2.8 billion in 2023. This is the highest profit level since becoming an SMC affiliate in 2008. As of March 2025, BankCom maintains a network of 140 branches and 270 Automated Teller Machines (ATMs) including Cash Kiosks strategically located nationwide.