On February 17, 2017, Mr. Alex P. Bangcola took his oath of office as Board Director of the Al-Amanah Islamic Investment Bank of the Philippines. His oath was administered by the Chairman of the Governance Commission for Government Owned or Controlled Corporations (GCG), Chairman Samuel G. Dagpin, Jr. at the GCG head office in Makati City.
He was earlier appointed as Board Director by President Rodrigo R. Duterte on January 31, 2017.
He has worked with several banks including United Coconut Planters Bank, where he received an award by former President Fidel V. Ramos for his contribution to the government’s dollar repatriation program as Head of International Remittance.
Director Bangcola is an accomplished bank manager with more than 20 years of professional work in finance, marketing, academe and energy development.
He has also held positions as Area Head – Europe for Rizal Commercial Banking Corporation, and as First Assistant Vice President for Asiatrust Development Bank.
Mr. Bangcola previously served as Advisor on Bangsamoro Affairs to the AAIIBP from 2012 to 2015.
He was also a professor at the MSU Iligan Institute of Technology and at the Ateneo de Davao University where he taught Marketing Management, Corporate Planning, Business Policy, and Management of Financial Institutions.
Mr. Bangcola graduated as cum laude from the Mindanao State University in AB Political Science. He also obtained his MBA degree from the Asian Institute of Management with a scholarship from Starr Foundation. .
Last 21 June 2017, representatives from the Governance Commission for GOCCs (GCG) visited the AAIIBP Davao Branch to validate the Bank’s 2016 Bank-wide Performance Scorecard.
The GCG, represented by Director Gene Carl L. Tupas and Mr. Jonathan Gabriel M. Mendoza, met with the Davao Branch officers and staff namely, Ms. Camaliah T. Dianalan, Acting Branch Head, Mr. Marvin F. Tortor, Account Officer, and Ms. Leyza Meene L. Rollo, Branch Cashier. They were also joined by Officers from the Management, namely Ms. Rowena B. Cunanan, Head – HRM, Mr. Jam Abu Dharr P. Usman, Acting Head – Operations, and Ms. Aprilie Mae B. Malacay, Head – Compliance.
The AAIIBP Officers presented its achievements and contributions to the attainment of the 2016 targets, particularly on its Total Deposit Liabilities, number of loans approved and releases for the year, the Branch’s share in the Net Financing Revenue.
Mr. Usman highlighted the overall improvement in the Bank’s strategy since the assumption of its new Chairman and CEO Alex P. Bangcola. He cited the Bank’s recent approval of an Islamic facility for Car Financing and the Board-approved plan to purchase Automated Teller Machines (ATM) to address the clamour of the Bank’s clients.
Ms. Cunanan also presented the Bank’s Competency Framework and discussed the competency proficiencies of the employees and officials of the Bank.
AAIIBP Pioneers Islamic Micro-Finance for Marawi City Crises
Aiming to support the government in addressing the reconstruction and rehabilitation of Marawi City, AAIIBP pioneers its Islamic Micro-Finance for the affected persons and entities in the war-torn Marawi City. Now catering the AAIIBP’s Islamic Micro-Finance are the Branches of Cagayan de Oro City, Iligan City and the soon to re-open Marawi Branch in MSU Main Campus, Marawi City.
In view of the requirements of BSP Circular No. 928 dated 24 October 2016 on Amendments to the Regulations Governing Fees on Retail Bank Products/Services and Dormant Deposit Accounts, Management has initiated the applicable amendments in our banking fees and service charges. Relative to this, attached is the Bank's advisory on the Bank's balance requirements, new service charges and maintenance fees for posting at a conspicuous place within the premises of all banking units.
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Al-Ijarah Muntahia Bittamleek or Lease-to-Own ending in Ownership
It is a form of financing where the Bank acquires a property called the Ijarah Asset, to be leased to client at a pre-determined lease payments and lease period. The lessee promises to the lessor (the Bank) to purchase the Ijarah Asset at the end of the lease term.
Purpose: For acquisition of all types of machinery and equipment used for business; acquisition of commercial/industrial lots with or without buildings/ improvements thereon for business use.
Amount: 100% of Total Cost of Ijarah Asset