21. Urban Bank Inc . CEO Teodoro Borlongan said the tendency for interest rates to inflate in December had become seasonal.22. It was also in 1994 that Urban Bank was named Asia's best performing small bank by Thomson BankWatch. 23. Later that year, Urban Bank embarked on a comprehensive mortgage banking program to promote housing sector activity and growth. 24. Urbancorp Realty Developers Inc . ( URDI ), Urban Bank 's strategic property developer and First Pacific Davies Phils. 25. Due to this, Urban Bank set on a new strategy : to convert the bank into a public holding company. 26. Eventually the Supreme Court dismissed all the cases filed by the officers of Urban Bank and found the closure in order. 27. However, Urban Bank accuses the BSP of jumping right into filing this case before giving it any sort of warning. 28. The company is seeking an international adviser to work with Manila-based Urban Bank Inc . to help it raise capital. 29. In 1981, Urban Bank was chosen by the government as one of twelve financial institutions legally permitted to trade government securities. 30. In 1995, Urban Bank became the first Philippine bank to issue SEC-registered pesos in fresh capital for the bank.