Catalog

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A Generation of Growth

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The Tarumizu Years (1989-1993)

Kimimasa Tarumizu, the Bank's fifth President, oversaw the transfer of the bank to its new headquarters in Mandaluyong after 19 years on Roxas Boulevard. This allowed the Bank to centralize its operations which had spread to several locations over the years. Under Tarumizu, the Bank's annual lending commitments rose to almost $5 billion. The cumulative total by 1991 was $37.6 billion for 1.039 projects.

On the borrowing front, the Bank entered new markets with the launch in 1991 of a $300 million "Dragon bond" issue which was offered simultaneously in the capital markets of Hong Kong, Singapore and Taipei.

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