Press Release

-  Cantilan Bank receives
   distinguished partner award

-  Cantilan Bank enhances 
   network reach

- Tanya Hotchkiss honored as
   global development leader

- 2011's Most Outstanding Rural
   Bank in Caraga Region

- CBI opens 22 MBOs in 2012 and
   4 branches in Q1 2013

- Send remittances from HK

- CBI Loan Portfolio grew 22%

- Productive Recruitment and
   Hiring in 2012

- CBI embarks on a
   modernization program

- New ATM savings account
   launched

- SSC savings consciousness
   and environmental awareness

- New Building for Alegria Branch

- CBI hosts educational tours

CBI steps up in banking technology
P13M budget for power, security upgrade

Innovative banking technology - Cantilan Bank clients may now expect an uninterrupted and efficient banking service under this new pursuit.

Recently, the bank acquired a new core banking software with robust capability in centralizing CBI’s financial reports and transactions.   (The capacity of the new software is best described in another article entitled “CBI Embarks on a Modernization Program.”)

To maximize the new software’s capacity, the Management set aside P13M from its yearly budget for a new and upgraded set of support systems. Among the support systems needed are the back-up power supply with automatic transfer switch for the centralized datacenter and branches and the security surveillance system. 

To ensure continuous banking service, and in anticipation of the power crisis now gripping Mindanao, the Management acquired new sets of generators for the urban branches – Davao, Tagum and Surigao Cities prior to their opening. Another three (3) sets were bought for CBI branches Alegria, Madrid and Tandag. The outmoded generators of the Corporate Headquarters were also replaced. By the end of 2012, the Bank expects to purchase eight (8) more for the remaining offices.

And with the increasing business transactions in the Bank’s premises the Bank had to protect its clients from any possible felony. Cantilan Bank therefore employed the services of Kroem Technologies to install close circuit television (CCTV) surveillance systems in all its 14 branches, including 22 micro banking offices (MBO’s).

“The surveillance system has the capability to produce recordings and images for surveillance and security purposes. It helps prevent crime and any unlawful activity that can probably disrupt CBI’s bank operations,” said Special Concerns Assistant Genaro Ladanan.

The installation of a security system was also mandated by the Bangko Sentral ng Pilipinas (BSP).