Naga City proudly welcomed the inauguration of Brink’s Philippines’ Naga Hub on November 7, 2023, marking a significant investment to enhance financial security and economic opportunities in Bicol.  The company’s purpose-built facility in Concepcion Grande is now one of the company’s hubs in the country.  The others are in Manila, La Union, Sta. Rosa (Laguna) and Cebu.  With an initial investment of US$ 1.5M, the facility will create at least 300 new jobs for Nagueños; and serve the market for outsourced cash services in the region.

The Brink’s Company (NYSE: BCO) is the global leader in total cash management solutions.  Its global network of operations in 52 countries serves customers in more than 100 countries. The company’s Philippine operations have provided clients in the banking and retail sector with a full suite of cash services since 2010.  These services include:

1. Cash-In-Transit – Branch Delivery/Pickup, Cash/Check Pickup, and Change Fund Delivery for Sole Proprietorships/Partnerships/Corporate Clients
2. Cash Processing – Notes and Coin Processing and Sorting
3. Cash Vaulting / Secured Storage – Extended vault in Brink’s premises
4. Interbank Exchange – Vault-to-Vault Exchange of Cash based on Cash Service Alliance Agreement with Other Banks
5. Foreign Exchange Management and Exporting
6. Servicing of ATM / Cash Accept Machines / Cash Recyclers – Cash Loading, First Level Maintenance, Second Level Maintenance
7. ATM Full Managed Services – Field Services, ATM Monitoring, Asset Management, Cash Forecasting
8. Smart Safes – Retail solution for Sole Proprietorships/Partnerships/Corporate Clients

Among Brink’s clients is the Bangko Sentral ng Pilipinas (BSP) for cash-in-transit and coin deposit machine services.

The inauguration was attended by key executives from Brink’s and representatives from the City Government of Naga. The Brink’s Naga Hub adds to the defining characteristic of Naga as the region’s financial center. (Paul John C. Legaspi/ITPO)