LifeBank MFI, the Iloilo's largest homegrown microfinancial institution (3rd largest microfinancial institution in the country) with ~500 branches across the Philippines. Queen City Development Bank (QueenBank) which is owned by the Florete Group, is one of the founding member of Megalink (the first bank outside of Manila to become a member of it) has its headquarters and 1st branch in Iloilo City. Tourism As a gateway to the Western Visayan region, tourism plays a major part as a catalyst in contributing to Iloilo City's economy. The metropolis hosts notable festivals which entice thousands of tourists annually especially during the Dinagyang, Paraw Regatta (Asia's oldest sailing event), and Fiesta de Candelaria festivals seasons. Iloilo City's bannered monickers like "City of Love" and "City of Mansions" and intensified local government's programs such as beautification of major thoroughfares in the city and building of parks, has played a role in attracting local and foreign visitors also. There are myriad of selections of attractions in the city that tourists can visit – heritage landmarks, museums, art galleries, parks, and restaurants, to name a few. Nightlife in the metro with Smallville Complex as the mecca for party-goers is flocked by revellers every night especially on Friday and weekends. A well known Philippine heritage city built during the Spanish era, heritage tourism adds also to the city's charm which magnets visitors. Centuries old churches, old edifices and mansions of well known Ilonggo families, magnets sightseers from different places who wants to discover Iloilo City's rich and glorious past. Iloilo City is also respected gastronomic capital with famous dishes originated in the area that gained popularity throughout the country – La Paz Batchoy, Pancit Molo, Kansi, Laswa, and KBL (Kadyos, Baboy kag Langka). In 2018 alone, the widespread promotions of Iloilo City paid off as it attracted the highest tourist arrivals in Western Visayas, posting 1,242,087 total arrivals including 1,154,550 domestic visitors; 70,787 foreign guests, and 16,750 overseas workers. Following in 2019, it garnered an 11.59% increase in the previous year's data. In 2020, the city again achieved its target with 1.4 million arrivals. Information technology The IT-BPO and KPO industry has spurred employment in the metropolis. IT-BPO and KPO locators are attracted to Iloilo because of the literacy rate and the number of graduates per year. With continuous influx of business process outsourcing (BPO) and knowledge process outsourcing (KPO) industry, Iloilo has fast becoming a "Silicon