General Jose F. Santos

An Interview with BancNet's Chairman of the Board, Mr. Jose F. Santos

We often have high regard for people whom we know started from simple positions, and in a short time have claimed their humble yet remarkable success.We often wonder what the secrets of their success would be, what principles and discipline are kept as their creed.Similarly with companies and corporations, we may also have wondered how BancNet was conceived and claimed its title The country's largest ATM consortium..

We are honored to have been able to interview BancNet's original co-founder and now Chairman of the Board, MR. JOSE F. SANTOS, to share with you readers how BancNet was born and became the leading ATM consortium.Mr. Santos is also an Executive Vice President of RCBC.

How was BancNet conceived? What made you think of putting up a network like BancNet.

Being in the competitive industry of banking, we were always on the lookout for banking developments and innovations abroad, and see if it would work here in the Philippines.We all know that the Automated Teller Machine, or the ATM as we popularly call it, was introduced in the 1980s.Its proliferation was fast and steady, and local banks also had their own initiatives to acquire ATMs for their depositors' convenience.However, there emerged common obstacles such as big investment costs, since the ATM - being new - was so expensive.
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The awardees are : Jose F. Santos of RCBC as BancNet Director ; Ramon C. Arceo, Jr. - formerly of PCIBank as Director and now Consultant to the Board ; Ricardo R. Chua of China Bank as BancNet Director ; Juan G. Coreces as BancNet Corporate Secretary, Rene S. Natividad - presently Operations Manager and has been employed in BancNet for 10 years ; Jaz L. Bunag of Metrobank as a member of the Marketing Committee ; and Divina T. Tayson as a member of the Technical Committee.

Mr. Jose F. Santos

We often have high regard for people whom we know started from simple positions, and in a short time have claimed their humble yet remarkable success.We often wonder what the secrets of their success would be, what principles and discipline are kept as their creed.Similarly with companies and corporations, we may also have wondered how Net was conceived and claimed its title "The country's largest ATM consortium."

We are honored to have been able to interview BancNet's original co-founder and now Chairman of the Board, MR. JOSE F. SANTOS, to share with you readers how BancNet was born and became the leading ATM consortium.Mr. Santos is also an Executive Vice President of RCBC.

¤ How was BancNet conceived?What made you think of putting up a network like BancNet?

Being in the competitive industry of banking, we were always on the lookout for banking developments and innovations abroad, and see if it would work here in the Philippines.We all know that the Automated Teller Machine, or the ATM as we popularly call it, was introduced in the 1980s.Its proliferation was fast and steady, and local banks also had their own initiatives to acquire ATMs for their depositors' convenience.

President: Jose F. Santos
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Jose F. Santos

| Bacolod | Baguio | Cagayan de Oro | Cebu | Davao | Dumaguete | General Santos | Iloilo | Manila | Pampanga | Pangasinan | Zamboanga |
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In a press briefing in Camp Aguinaldo, Cruz identified the two top defense officials as undersecretary for finance Cecilio Lorenzo and undersecretary for defense acquisition Jose Santos.
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Lorenzo and Santos, who brought with them a wide management experience in the defense department, were appointed to their posts in January and February this year, respectively.
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On the other hand, Santos studied economics also at the Ateneo de Manila.He earned his master's degree on business management at the AIM and finished an advance management program at the Wharton school at the University of Pennsylvania.

Santos, who also serves as member of the DND-BAC, brought with him at the department a wide management experience.Before he joined the DND, Santos served as vice president and head of commercial banking of the Rizal Commercial Banking Corporation.

Cruz said Santos and Lorenzo are leaving the department because they have "professional commitments".

It was a brainchild of three senior bank officers namely: Ramon C. Arceo, Jr., SVP of Philippine Commercial International Bank, Carlos Pedrosa, SVP of Metropolitan Bank and Trust Company (Metrobank), and Jose F. Santos, SVP of Rizal Commercial Banking Corporation (RCBC).

Photographed at the awards rites are from left, Angelito M. Villanueva, BancNet chairman; Ricardo R Chua president; lawyer Rey D. Delfin, Citystate Bank executive vice president; Jeffrey Tantiado, vice president; and Jose F. Santos, BancNet treasurer.