BIZ BUZZ: Pinoys in Korean, Vietnam wars now officially ‘veterans’

Starting this month in time for its 60th founding anniversary, Philippine Veterans Bank (PVB) is ramping up its campaign to recruit those who served after World War II.

PVB was created by law on June 18, 1963, with seed capital that represented a portion of a $20-million Veterans Trust Fund that was established with proceeds from war reparations received from Japan in 1956.

But with a new charter that was enacted in December 2021 and which expands PVB’s base of qualified stockholders, the commercial bank will beef up its ranks that up to now consists of more than 385,000 World War II veterans and their heirs.

Now allowed to be part owners are veterans of the Korean War in the 1950s and the Vietnam War in the 1960s, as well as their widows and descendants.

Also qualified to own PVB shares are Armed Forces of the Philippines retirees and their immediate family members.

Read more: https://business.inquirer.net/403830/biz-buzz-pinoys-in-korean-vietnam-wars-now-officially-veterans