See the latest list! Top Rural Banks in the Philippines
Here below is a partial list of the Biggest Rural Banks in the Philippines, as of March 2015:
2015 Ranking
1. One Network Bank (ONB), A Rural Bank
One Network Bank, with its rapid growth rate and large branch network, has become the No. 1 rural bank in the Philippines. It will surely grow by leaps and bounds as it leverages the resources of BDO Unibank, the biggest bank in the Philippines, which signed an agreement to acquire ONB in December 2014.
Head Office:
ONB Center, KM 9, Sasa
Davao City
Hotline: (082)-233-7777
Email: customerservice@onenetworkbank.com.ph
Website: onenetworkbank.com.ph
– Total Assets as of June 2014: 26.5 billion
– Capital as of June 2014: more than 4 billion
– Capital adequacy ratio: 17%
– Total loan portfolio: 20 billion
– Number of branches: 102
– Number of employees: 1,481
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Based on 2013 annual report on onenetworkbank.com.ph:
– Total assets as of December 2013: 25.7 billion
– Total deposits as of December 2013: 18 billion
– Total loan portfolio as of December 2013: 18.7 billion
– Non-performing loan ratio: 2%
– Return on Assets: 3%
– Return on Private Investment: 35%
– Risk-based capital adequacy ratio: 18%
(BSP requires a minimum CAR of 10%)
– Number of branches: 98
– Number of ATMs: 143
– Number of Employees: 1,480
– Opened its first branch outside Mindanao in 2012, in Makati
along Pasong Tamo Extension, near corner with EDSA
– ONB arose from the consolidation in 2004 of 3 rural banks: Network Rural Bank (Davao), Rural Bank of Panabo and Provident Rural Bank of Cotabato
– Chairman is Victor A. Consunji
– President and CEO of ONB is Alex V. Buenaventura
– Offers PeraDala foreign and local remittance service
Remittance tie-ups with:
BDO Remit
Asia United Bank Gintong Hatid
PNB Remittance
RCBC TeleMoney
BPI BPInoy Remittance
DBP EC Remit
XOOM
MoneyGram
Globe GCash
IRemit
UniTeller
MyRemit, A Kapamilya Service of TFC
XPress Money
Cebuana Lhuillier
– Offers PeraBayad bills payment service:
PLDT, SmartBro, Smart, Globe, Bayan Telecommunications, Innove Communications
SSS, Philhealth, Ateneo De Davao, Davao Doctors College Inc., Mountain View College
2. Bank of Makati, A Rural Bank
(Update Apr 22, 2015): Bank of Makati has become a thrift bank or savings bank. It started operating as Bank of Makati (A Savings Bank) Inc. on April 15, 2015.
No. 44 Sen. Gil Puyat Avenue
Makati City 1234
Trunkline: (02) 889-0000
Hotline: (02) 889-0000 loc. 902
Email: customerservice@bankofmakati.com
Website: bankofmakati.com.ph
Facebook page:
facebook.com/pages/Bank-of-Makati-A-Rural-Bank/232755353407095
– Total assets as of December 2014: 26.334 billion
– Total deposits as of December 2014: 16.402 billion
– Capital Stock as of December 2014: 2.763 billion
– Total Stockholders Equity as of December 2014: 5.772 billion
– Retained Earnings as of December 2014: 3.043 billion
– Gross Total Loan Portfolio as of December 2014: 19.287 billion
– Gross Non-performing loan ratio: 15.08%
– Net Non-performing loan ratio: 10.05%
– ROE as of December 2014: 3.51%
– Total capital adequacy ratio: 17.52%
– Tier 1 capital adequacy ratio: 17.02%
– Compliance with 8% Micro and Small Enterprises Law: 30.2%
– Compliance with 2% Medium Enteprises Law: 3.08%
– Number of branches: 19 branches and 24 loan centers
– Numner of microfinance-oriented branches in Metro Manila: 13
– Founded in July 1956
– Started operations in September 1956
– Changed ownership in October 2001
– Chairman is Thomas C. Ongtenco
and president is Ma. Rodora E. Banares
3. CARD Bank Inc., A Microfinance Oriented Rural Bank
CARD MRI
20 M. L. Quezon St., City Subdivision
San Pablo City, Laguna
Tel: (63)(049) 562-4309
Website: cardbankph.com/wp_cardbankph/bank
Email: info@cardbankph.com
– Member of the 8-institution CARD MRI
– Sister institution of Santo Tomas, Batangas-headquartered
savings bank CARD SME Bank
– Total Assets as of January 2015: 6.18 billion
– Return on Equity: 37.63%
– Return on Assets: 7.6%
– Number of Savers and other Clients: 1,395,190
– Number of Clients with Loans: 525,993
– Loan Repayment Rate: 98.98%
– Number of Employees: 2,392
– Number of Branches: 59
– Remittance tie-ups:
BDO
Xpress Money
Worldremit
Globe
MoneyGram
XOOM
Transfast
– Number of branches: 47
5. BOF, Inc. (A Rural Bank)
(formerly Bank of Florida, A Rural Bank)
Head office:
McArthur Highway, Dolores
San Fernando City, 2000 Pampanga
Email: customercare@bankofflorida.ph
Phones:
(045) 963-5288 to 90
(045) 961-7079
(045) 963-5188 to 89
Website: bankofflorida.ph
Facebook page: facebook.com/bankofflorida.ph
– Total assets as of January 2014: More than 2.6 billion
– Number of Branches: 15
– BOF’s Facebook page says BOF is the Top Rural Bank in Region 3
(Pampanga, Bulacan, Tarlac)
– Consolidated with Bank of Lubao, A Rural Bank in January 2014
– Chairman Emeritus is Ladislao S. David
– Chairman and President is Teresa David-Carlos
– BOF is a subsidiary of House of David Investment and Management Corp.
– BOF’s sister companies are:
House of David Realty and Development Corp.
Mary the Queen Academy of Pampanga Inc.
Mary the Queen College of Pampanga Inc.
D.A. Market Securities Inc.
– Deposit products are called:
Apple Kiddie Savings Account
Banana Easy Savings Account
Orange Premium Checking Account
Mango Prime Time Deposit Account
8. Cantilan Bank, Inc. (A Rural Bank)
Corporate Headquarters:
Orozco St., Magosilom, Cantilan
Surigao del Sur
Phone: +63 86 2125056 to 60
Email: info@cantilanbank.com
Website: cantilanbank.com
– Total Assets as of 2013: 1.69 billion
– Number of branches: 22
plus 15 micro-banking offices and 14 atms
– Locations: Caraga, Compostela Valley, Davao del Norte, Davao Oriental, Southern Leyte
– BSP CAMELS rating: 4 out of 5 (CAMELS means Capital, Asset Quality, Management, Earnings, Liquidity and Sensitivity to Market Risks)
– Valued Partner in Housing, Home Guaranty Corp., 2014
– Distinguished Partner, Small Business Corp. (2013)
– 3rd Most Oustanding Rural Bank in the Philippines (Landbank CFI Awards 2013)
– No. 1 Corporate Taxpayer in Surigao del Sur and one of the top four corporate taxpayers in the Caraga Region, awarded in August 2013 by the BIR.
– Chairman is Lt. Gen. William K. Hotchkiss III (AFP, Ret.)
– President is Brig. Gen. Charles Y. Hotchkiss (AFP, Ret.)
Its profile webpage states that it has resources of over a billion pesos and ranks among the top 3% of rural banks in the Philippines.
Head office:
Quezon Avenue corner Aguilar St.
Miputak, Dipolog City
Phones: 0917-636-MY-KB (6952)
(065) 212-7647
Email: katipuneroko@katipunanbank.com
Facebook page: facebook.com/katipunanbank
Website: katipunanbank.com
– Total Assets: More than 1 billion pesos
– Its website says it is ranked 18th out of more than 600 rural and cooperative banks in
the Philippines
– CAMELS rating: 4 out of 5
– Offers deposit products with free insurance
(also known as Bangko Mabuhay)
A. Soriano St. (Hi-way)
Daang Amaya, Tanza, Cavite
Phones: (046) 489-2001-2004; 489-2010-2013
Email: bmabuhay@rbap.org
– Total Assets as of December 2012: 1.015 billion
– Honored by the BSP in September 2014 (Business Expectations Survey in Region IV)
– Member of the Home Guaranty Corp.’s
Bankers-Builders-Buyers plus Brokers Program
– Number of offices: 8
– Pending consolidation with Rural Bank of Teresa (Rizal) Inc.
– President is Edwin S. Fojas
Previous rankings of rural banks are here:
Biggest Philippine Rural Banks, as of 2012
Ranking of Rural Banks in the Philippines, as of 2013
Biggest Rural Banks in the Philippines
How were you able to know they are rank as it is when RBAP even refused to post ranking among its member because of the excuse given to me years ago, "as not to prejudiced the lower ranked rural banks."
Don't get me wrong, im very thankful for this list if its as accurate as you had listed Because bsp website publishes ranking among commercial and savings banks only.
Hi Amaranth Red, thanks for your comment. Comments like yours help me in my blogging decisions. About your concerns, I put a long disclaimer at the start of my first rural bank ranking. Now that you said something, I feel I should have repeated the same disclaimer in my 2nd and 3rd posts. I got the idea of ranking rural banks when I got readers' comments asking about rural banks.
About the concern of prejudicing lower-ranked rural banks, I think this can be discussed if it really does prejudice or in contrast, it actually does good by challenging rural bank managers.
Anyway, I have not ranked all rural banks in the Philippines, just the top rural banks, so the lowest-ranked rural banks are not "prejudiced." In my hometown, we have one rural bank, which many in the town know is a very small bank, but we still patronize it because we know the managers. What I'm saying is that the small rural banks will thrive, whether they're ranked low in national rankings as long as they have good managers.
The bigger rural banks — they should be able to take care of themselves.
I also think that if the financial performances of all rural banks are published frequently, fewer rural banks become bankrupt, as this will help managers be always on their toes, and will keep certain managers thinking of fraudulent activities to think twice or thrice before doing so.
Thanks again. Discussion is always good.
After rbap turning down the request to even just post the top 10-20 rural banks out of hundreds (currently 512 remaining from 600 in 2012) so it would not prejudiced any bank lower the the 20th which is the indication that they simply refuse to tell the public that so many of their members banks are in bad shape that's why every year their list is getting shorter.
Even the rural banks themselves when I asked their managers for a list of just top 10 only could not produced it either.
Bsp could had easily post them on their website because all of them are required to submit their reports even refuse to post them. It should definitely have something to do with unhealthy shape of most of those banks in that category.
anyway thanks for the reply, btw katipunan bank was ranked 18th on 2012 only , with 1.8 + billion in reported asset on march 2015.