The Social Security System (SSS) forged a memorandum of agreement with Enterprise Bank (A Thrift Bank) as its new partner in providing housing and business loans to members and employers during ceremonies held at the Executive Lounge at the SSS Main Building in Diliman, Quezon City on April 22.
Enterprise Bank is the first thrift bank accredited in 2016 by the SSS as a participating financial institution (PFI) for the agency’s housing and business loan programs. The bank is expected to help the pension fund provide financial assistance to individual members and businesses — including micro, small and medium enterprises — particularly in Visayas and Mindanao. Other SSS-accredited PFIs include the Development Bank of the Philippines, Land Bank of the Philippines, Philippine National Bank and Philippine Veterans Bank.
Photo shows SSS Senior Vice President and Officer-In-Charge of Lending and Asset Management Division May Catherine C. Ciriaco (front, 3rd from right) shake hands with Enterprise Bank President and CEO Ronald E. Alvizo (front, 3rd from left) in front of SSS Executive Vice President for Investments Sector Rizaldy T. Capulong (back, center). Also present were (from left) Fund Sourcing Manager Christine Q. Te Eng Fo and Vice President for Finance Joy G. Politico from Enterprise Bank, and Cash Department Manager II Dennis T. Calonia, Investments Research and Support Department Corporate Executive Officer III Anastacia V. Manalac, Housing and Business Loans Department Manager II Marie Ada Angelique T. De Silva, and Business Loans Administration Section Officer-In-Charge Alfredo B. Adriano from the SSS.
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