Junior Achievement of Guam Students to Compete in 2013 North American JA Banks in Action ®Virtual Competition


Guam – Junior Achievement of Guam announced has announced that five teams of high school students will represent Guam in the 2013 North American JA Banks in Action Virtual Competition.

For the past several weeks, volunteers from Citibank, Bank of Guam and Bank of Hawaii have been teaching the JA Banks In Action program at George Washington High School, Okkodo High School and Simon Sanchez High School.

The program concluded with a tri-school competition where 5 teams emerged as the winners.

National Competition Overview Guam’s teams of student participants will join students online for the 2013 North American JA Banks in Action Competition to see how effective they are at managing a bank. By taking on the role of banking business leaders, they will make corporate decisions to steer their bank to success.

A Bank Performance Index (BPI) in the program’s computer simulation measures each bank’s performance based on the following factors: net profit, return on assets, return on equity, loan share, deposit share, and capital ratio. During the simulation, each bank team attempts to achieve the highest BPI possible by setting short- and long-term interest rates for bank deposits and loans. Teams also invest in research and development and marketing to strengthen their position as they compete. At the end of the final round, the bank team with the highest BPI wins.

The virtual elimination rounds will begin April 15 and conclude no later than May 20.

[Standing L-R Kneeling: John Galvez, Ray Castro Second Row seated L-R: Rechlyn Rekis, Merita Mailo, Telaine Peter, Alina Takai, Jamille Hall, Sharon Baxter(OHS teacher) Third row: Jennifer Peredo (SSHS teacher), Marjorie Nunez, Tierra Ravela, Patrick Santos, Joann Sudo Blas (GW
teacher), Lesley-Anne Leon Guerrero (Bank of Guam advisor), Reanna Cruz (Bank of Guam advisor), Patrina Perez (Bank of Guam advisor). 4th
row: Leyann Lusung, Florence Cruzata, Sharleen Brown, Jocilla Iguel, Ashley Soriano, Daphnee Antonio, Joseph Soledad, Patrick Pangelinan, Sabrina Sapp, Joel Ymballa Last row third person at back: Lenzly Munoz, Justin Mendiola, Peter Mesa, Rashaun Blas, Rayonna Quitugua, Ryan
Manglona, Renard Cuenco, Giovanni Takao]

David Beaver, JA Guam Board Chairman, says, “JA Banks In Action teaches high school students the principals of the banking industry, and introduces them to the challenges of successfully operating a bank in a competitive environment.” He says, “The concepts introduced to the students in this program will help them connect what they learn in the classroom with real life. We wish the teams much success in the upcoming  competition.”

We wish to thank all of our JA Banks In Action students, teachers, volunteers and especially The Citi Foundation for their generous support.