The Annual Election of the Board of Directors of the Money Market Association of the Philippines (MART) for the year 2008 was held last November 10, 2007 at the Willy’s Beach Resort, Island of Boracay.

The following institutions were elected to constitue the Board of Directors for 2008:

Instiution                                              No. of Votes

Bank of the Philippine Islands  –  52

Deutsche Bank-AG Manila  –    52

Banco De Oro       –                    48

Philippine Veterans Bank   –    47

First Metro Invest Corp         –    46

Rizal Commercial Banking Corp  –    46

Metropolitan Bank & Trust Company   –   45

Citibank, N.A.        –    44

Philippine Business Bank   –    44

Land Bank of the Philippines  –    42

Multinational Investment Bancorporation  –  42

AB Capital & Investment Corporation   –  40

Chinatrust (Phils) Commercial Bank  –   40

Philippine National Bank  –   38

East West Banking Corp   –   36

The Officers of the Association will be elected from the Directors-elect at a meeting which will be called for the purpose.