The reopening of the economy allowed Gotianun-led EastWest Bank to bounce back to its pre-pandemic growth level in 2022.
THE reopening of the economy allowed Gotianun-led EastWest Bank to bounce back to its pre-pandemic growth level in 2022.
“The full year impact of our 2022 asset buildup will be felt this year on our core income performance. The growth momentum should improve this further as we exceed pre-pandemic asset levels. We believe that EastWest is at the right place and at the right time, as we partner with our customers to rebuild and grow together,” newly-appointed EastWest Bank CEO Jerry G. Ngo said.
In light of the direction it set for its growth this year, the bank also invested heavily on IT systems to help improve its digital services, prime it for faster digital innovations, and improve its operating costs through automation. It also announced changes in its senior management. The bank opened 2023 with the appointment of Ngo and new President Jacqueline S. Fernandez. The appointments of Ngo and Fernandez followed the retirement of former CEO, President, and Vice Chairman Antonio C.
Ngo, a native of Cebu and a seasoned international banker, brings to EastWest 30 years of banking and finance experience. He served as the Group Chief Finance Officer and Independent Board Director of Saratoga Investama Sedaya, one of Indonesia’s earliest and largest investment holding companies.
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