Daily Star: Valiant Bank awarded anew by CGAP for transparency

The Valiant Bank of Iloilo was awarded for the seventh straight year the Certificate of Transparency award from the yearly MIX Market Global merit recognition awards of the Consultative Group to Assist the Poor, a press release from the firm said.

Bank president, Ian Eric Pama, received the award for the company during the 2012 15th Anniversary of the RBAP-MABS program of the Rural Bankers Association of the Philippines and the United States Agency for International Development held at the Hyatt Hotel in Manila recently.

In 2006, Valiant Bank bested 230 MFI’s from 63 countries by being the 1st Philippine Bank to receive the prestigious CGAP global award, the press release said.

The CGAP, a non-profit global organization, is based in Washington DC and gives awards to financial institutions that have complete and clear disclosure of their financial activities, it added.*