Eighteen (18) new branches were opened during the first quarter of 2017, fifteen (15) of which are PPLCI branches and three (3) are PMPFI branches.
In North Luzon Division, new branches were opened in Tuguegarao – Team 1 last January 1, Ilagan last February 1, and Tuguegarao – Team 2 last March 1. These branches are under PMPFI Ilagan Region.
In South Luzon, PPLCI branches were opened in Daet last April 1, Bulan, Labo , and Sorsogon City last March 1, Calabanga last February 1, and Sipocot last January 1. The opening of these branches signify the continued growth and presence of Pagasa in the Bicol Region having a total of 13 branches established from 2016. In light of the new developments, a restructuring of region has also ocurred. Bicol now has three regions, Sipocot, Sorsogon and Ligao.
Eight (8) new branches have also been opened in Visayas adding to the twenty-five branches opened last year. This marks Pagasa’s entry into Cebu and Negros Oriental. The new branches in Visayas are Dumaguete opened on January 1, Bugasong on January 4, Guihulngan, Bayawan and Bais opened on February 1, and Tanjay, Lapu,-Lapu and Cebu opened on March 1.
From twenty-five (25) branches as of December 2016, Visayas Division now has thirty-three (33) branches. 2 new regions were also created, Cebu and Dumaguete to better manage the operations of the newly opened branches. All the new branches fall under Dumaguete Region except for Lapu-Lapu and Cebu which falls under Cebu Region and Tanjay which falls under La Carlota.
Meanwhile, in South Mindanao, Calumpang – Team 2 was opened last January 1 making the total number of branches to forty-three (43).
This expansion is well within the goal of reaching out to more entrepreneurial poor in the region. As per management plan, twenty-three (23) new branches will be opened in 2017. At present, PPLCI and PMPFI have a combined 260 total number of branches nationwide. It is hoped that at the end of 2017, the total number of branches will be two-hundred sixty-five (265).