Rural Bank History: First Ever Ranking

These are the biggest rural banks in the Philippines by assets, based on data available online as of research dates.

This is not a definitive ranking, although it took a lot of time to research data.
Why not definitive?  Many rural banks do not publish their financial reports online. If there are reports, these are usually not updated. The sources of information used here are from different websites. Some are from news sites and archives; others are from the websites of rural banks and the BSP. Since the time periods considered for comparison are not the same, the ranking stands to be corrected.

This is an initial attempt to answer those who have been asking for a ranking of rural banks.

1.  Bank of Makati (A Rural Bank)

20.3 Billion Pesos in Assets as of June 2012

Head Office:
44 Sen. Gil J. Puyat Ave.
Bgy. San Isidro, Makati City
Customer service hotline: 889-0000 local 902

– First and only rural bank to get into Business Profiles’ List of the Top 500 Corporations in the Philippines, based on gross revenues in 2010. It is No. 266 on the list.
– No. of Offices: 27
– Total assets as of June 2012: 20.3 billion pesos
– Deposits as of March 2012: 12.054 billion pesos
– Non-performing loans: 14%
– Return on Equity: 49%
– Tier 1 CAR: 25%
– Opened on September 22, 1956
– Sister companies: Motortrade, Honda Prestige Traders, Fundline Finance Corp. and Global Reciprocal Colleges
– The only rural bank among the 14 banks participating in the
Bankers-Builders-Buyers (B-B-B) Program housing loan program of the Home Guaranty Corporation  (HGC)

2.  One Network Bank, Inc. (A Rural Bank)

15.7 Billion Pesos in Resources as of December 31, 2011

Head Office:
Km. 9 Sasa, Davao City

– Largest rural bank network in Mindanao
– No. of Offices: 86
– ATM network: 126 onsite and offsite PeraAgad ATMs
– Deposits as of Dec 31, 2011: 10.5 billion pesos
– Non-performing loans as of Dec 2011: 3%
– Risk-Based CAR as of Dec 2011: 19%
– SSS Best Collecting Rural Bank and Best Paying Rural Bank in 2011
– Will have 97 branches after it completes its merger with 6-branch Rural Bank of San Enrique in Iloilo
– Has 525,000 active depositor accounts by the end of June 2011

3.  Card Bank, Inc. (A Microfinance – Oriented Rural Bank)

3.78 Billion Pesos in Assets as of July 2012

Head Office:
20 M. L. Quezon St., City Subdivision
San Pablo City, Laguna

– No. of Offices: 49
– Online network: 348 OBOs
– Opened on September 1, 1997
– No. of clients including savers: 695,091
– First microfinance NGO to become a rural bank
– One of the seven signatories in the creation of the country’s microfinance credit bureau

4.  1st Valley Bank, Inc. (A Rural Bank)

3.5 Billion Pesos in Assets as of 1st quarter of 2009

Head Office:
Baroy, Lanao del Norte
Vamenta Blvd., corner Lirio St., Carmen, Cagayan de Oro City

– No. of Offices: 22 branches and 8 financial solution centers
– Opened on November 24, 1956

2013 and 2014

Update August 2014:
1st Valley Bank became a thrift bank or savings bank on August 1, 2013, and ranked 22nd in total assets among savings banks in December 2013, with an asset total of 6.265 billion pesos.
The following quarter, ended March 31, 2014, it moved up to No. 20, posting an asset total of 6.825 billion pesos.

5.  Bangko Kabayan (A Rural Bank), Inc.

2 Billion Pesos in Resources as of the end of 2012

Head Office:
Santiago St., Poblacion, Ibaan, Batangas

– No. of Offices: 16
– Total resources to reach 2 Billion Pesos by the end of 2012, as announced at the bank’s March 2012 stockholders’ meeting
– The only Eagle Achievement Awardee for 2011 by the Rural Bankers Association of the Philippines Microenterprise Access to Banking Services (RBAP-MABS), won award for the 7th time
– Was established as Ibaan Rural Bank in August 1957 and was renamed Bangko Kabayan on its 40th year
– Was ranked among the top 3% of rural banks in the Philippines in 2008
– Publisher of a lively magazine-like newsletter called TINIG
– Most Outstanding Countryside Financial Institution in Region  4A (Landbank 2012 CFI Awards)

6.  Green Bank, Inc. (A Rural Bank)

(soon to become EastWest Rural Bank)

2 Billion Pesos in Resources as of 2007

Head Office:
Montilla Blvd., Butuan City
Agusan del Norte

– No. of Offices: 47 branches
– Opened on April 5, 1975
– Acquired by East West Banking Corp. in August 2011
– To be merged with Eastwest-aquired Finman Bank to form EastWest Rural Bank
– Capital boost of 820 million pesos in 2012
– SSS Best Collecting Rural Bank and Best Paying Rural Bank in 2007 and 2009

7.  Insular Bank, A Rural Bank

1.62 Billion Pesos as of December 2011

Head Office:
Ground Floor, Net Plaza 31st Street,
Bonifacio Global City, Taguig
Tel: 804-1351 to 52

– Branches are in Cainta; San Fernando, Pampanga; Baliaug, Bulacan; Calamba, Laguna
– Total deposits as of Dec 2011: 766.47 Million
– Paid-up capital as of Dec 2011: 290.42 Million
– Net income after tax and probable loss provisions: 37.1  million
– Opened on Feb 14, 1997
– Backed up by a conglomerate that includes Malayan Bank, Unicapital Securities, Unicapital Investments, Unicapital Finance, MJ Realty Holdings, Uniguarantee Insurance Brokerage, ACME Jewelry, ACME Pawnshop.

8.  Rang-ay Rural Bank

More than 1.5 Billion Pesos in Resources as of Dec 2011

Head Office:
Nisce-Querol Building, No. 67 Gov. Luna St.
San Fernando City, La Union
Tel: 072-242-5661 to 63 / 700-5660

– Total resources of more than 1.5 Billion as of Dec 2011, as announced at the bank’s April 2012 stockholders’ meeting.
– Declared at the bank’s 2012 meeting as the biggest rural bank in the Ilocos, Cordillera and Pangasinan provinces
– No. of offices: 25
– No. of depositors: More than 20,000
– Publishes the quarterly Rang-ay Banker
– Launched housing loan program with the Home Guaranty Corp. (HGC) in April 2012
– Third highest corporate taxpayer in the province of La Union for taxable year 2010
– Offers CBKalinga Microinsurance in partnership with Country Bankers Life Insurance Corp.

9.  Cantilan Bank, Inc. (A Rural Bank)

1.2 Billion Pesos in Assets as of November 2011

Head Office:
Cantilan, Surigao del Sur

– No. of Offices: 40
– Opened on January 29, 1974
– 2nd Most Outstanding Countryside Financial Institution (CFI) nationwide (Landbank 2012 CFI Awards)
– Most Outstanding CFI in Region 13 (Landbank, 2012)

10.  Rural Bank of Porac (Pampanga), Inc.

1.16 Billion Pesos in Total Assets as of December 2009

Main Office:
Gen. Luna St., Cangatba, Porac, Pampanga
Telefax: (045) 329-2505 / (045) 436-7740 /
(045) 329-2407 / (045) 329-2408

– Total no. of offices: 11
– Started in 1968
– Total Assets of 1.16 billion pesos as of December 2009
– Claims to  be one of the best performing Rural Banks in   Luzon, particularly in Region III
– Best in Profitability among Countryside Financial   Institutions nationwide (Landbank 2012 CFI Awards)
– Most Outstanding CFI in Region 3 (Landbank 2012)

11.  Katipunan Bank (Zamboanga Del Norte), A Rural Bank

More than 1 billion pesos in resources

Head Office:
Quezon Avenue, cor. Aguilar St.
Dipolog City, Zamboanga del Norte

– No. of Offices: 13
– Started operating as Rural Bank of Katipunan on January 29, 1979
– Name change to Katipunan Bank (ZN) after acquiring Plaza Rural Bank of Carcar, Cebu
– Has 13 branches in Visayas and Mindanao, with more than 100,000 clients
– Recognized at the 2012 RBAP-MABS National Roundtable Conference for its EAGLE (Efficiency, Asset Quality, Growth, Liability Structure, and Earnings) assessment results

12.  Tanay Rural Bank

1.026 Billion Pesos in Assets as of September 2010

Main Office:
F.T. Catapusan St., Brgy. Plaza Aldea, Tanay Rizal
Web site:

– No. of Offices: 11
– Started operating on March 24, 1956

13.  Camalig Bank

638 Million Pesos in Total Resources as of Dec 2011

Corporate Office:
2nd Floor, Camalig Bank Building
114 Peñaranda St., Legazpi City
Tel: (052) 480-0801 / (052) 480-0810
Fax: (052) 480-0801 / (052) 480-0810 local 1
Cell No: 0917-5956045
Email: /

– Claims to be the No. 1 rural bank in the Bicol region
– No. of Offices: 11
– Started as Rural Bank of Camalig (Albay), Inc. in 1969
– Change of name to Camalig Bank, A Rural Bank in Feb 2012
– Will open a new branch in Bulan, Sorsogon
– Total resources as of Dec 2011: 638 Million Pesos
– Has acquired Rural Bank of Ocampo, which now operates as its subsidiary

14.  Mallig Plains Rural Bank (Isabela), Inc.

506 million pesos in assets as of 2010

Head Office:
Centro, Mallig, Isabela
No. of Offices: 17

– No. of Offices: 17
– One of the first two rural banks allowed by the BSP to offer microinsurance services
– Reported an asset total of US$ 11.5 million and a return on equity of 3.7% to the U.S.-based nonprofit Microfinance Information Exchange in 2010


GM Bank of Luzon, Inc. (A Rural Bank)

Maharlika Highway, Brgy. Dimasalang, Cabanatuan City, Nueva Ecija

– No. of Offices: 41
– GM Bank resulted from consolidation of 3 Nueva Ecija-based banks: Community Rural Bank, Muñoz Rural Bank and SME Bank
– Raising capital and looking for other rural banks to acquire

Quezon Capital Rural Bank (QCRB) 

Perez cor C.M. Recto, Lucena City

– No. of Offices: 36
– 38th year of operation as a leading countryside financial institution in Quezon Province and neighboring provinces of Batangas, Laguna and Rizal
– Partner of trimestral business school Quezon Center for Research and Studies – Institute of Management
– Supports QCRB Group’s bimonthly magazine Insight

Peoples Bank of Caraga, A Rural Bank

National Highway Barangay 5
San Francisco, Agusan del Sur
Tel: (085) 343-8529
Fax: (085) 839-1445
Email: /

– No. of Offices: 29
– Founded in 1972
– Hall of Fame Awardee, Countryside Financial Institution (CFI) Awards (Landbank, 2011)
– Had 580.42 million pesos in assets in December 2007

D’ Asian Hills Bank (A Rural Bank)
2nd Floor DAHBI Centre, Fortich St., Malaybalay City, Bukidnon

– No. of Offices: 27
– Recognized as the Most Outstanding Rural Financial Institution for Mindanao in 2011 by NLDC
– Most Outstanding Rural Bank (Best in Profitability) (LandBank, 2011)
– Most outstanding Countryside Financial Institution (CFI) nationwide (LandBank, 2011)

Agribusiness Rural Bank, Inc.

Poblacion, Solano, Nueva Vizcaya

– No. of Offices: 26
– Third Most Outstanding Countryside Financial Institution (CFI) nationwide (Landbank CFI Awards, 2011)

Guagua Rural Bank

Plaza Burgos, Guagua, Pampanga

– No. of Offices: 15
– Started operating on April 17, 1954
– One of the first 10 rural banks to open in the Philippines.  The Rural Banking Act was enacted in 1953.
– Had a net worth exceeding 500 million pesos in June 2009

Bangko Buena Consolidated, Inc. (A Rural Bank)

23 Valeria & Rizal Sts., Iloilo City

– No. of Offices: 15
– Claims to be the biggest rural network in Western Visayas
– Acquired Rural Bank of Dao (Capiz) in 2011

Rural Bank of Cauayan

Don Jose Canciller Avenue
Cauayan City, Isabela

– Most Outstanding Countryside Financial Institution (CFI) nationwide (Landbank 2012 CFI Awards)
– Most Outstanding CFI in Region 2 (Landbank, 2012)
– No. of Offices: 14

Zambales Rural Bank
#6, 20th St., East Bajac-Bajac
Olongapo City

– No. of Offices: 12
– Claims to be the biggest rural bank in Zambales
– 5th most oustanding rural bank nationwide 2011, Landbank
– Best Countryside Financial Institution Availer (Landbank, 2012 CFI Awards)
– Established in 1974 as Rural Bank of Castillejos
– Operating in Olongapo, Zambales, Bataan and Pampanga and   Baguio City

Rural Banks That Have Become Savings Banks or Thrift Banks
or Have Been Acquired by Bigger Banks Recently

New Rural Bank of Victorias in Negros Occidental
– Acquired by Producers Savings Bank Corp. and consolidated into with Producers Savings Bank Corp. on October 12, 2012

Enterprise Bank, Inc. (EBI) in Surigao del Sur
– Became Enterprise Bank, A Thrift Bank in October 1, 2012

Rural Bank of San Juan
– Acquired by BDO in May 2012 and will be consolidated into BDO

Philippine Rural Banking Corp. (PR Bank) in Isabela
– Became Philippine Resources Savings Banking Corp (PR Savings Bank) in November 2011, and ranked 13th in assets as of   March 2012

Rural Bank of Sto. Tomas (Batangas)
– Became a Thrift Bank named CARD SME Bank,A Thrift Bank on July 25, 2011

Unity Bank, A Rural Bank) in Pampanga
– Acquired by China Bank in November 2012, as part of China Bank’s program of increasing its nearly 300 branches into 400 branches by 2014

Pres. Jose P. Laurel Rural Bank (J. P. Laurel Bank) in Tanauan, Batangas
– This rural bank’s deposits and certain assets were consolidated into Rizal Microbank, formerly Merchants   Savings & Loan Association, by their parent company
Rizal Commercial Banking Corp. (RCBC) in September 2011.
– In April 2012, the rural bank closed and and changed its business name to RCBC-JPL Holding Co. in September 2012.

Peninsula Rural Bank or PenBank in General Santos City
– Has become a thrift bank or savings bank with the new name PenBank, A Private Development Bank, in the first half of 2011.

AMA Bank
– Has turned into a thrift or savings bank

Rural Bank of Angeles in Pampanga
– Acquired by Asia United Bank in May 2010

Savings Bank That Downgraded Into a Rural Bank

Liberty Savings Bank in Meycauayan, Bulacan became a Rural Bank named Liberty Bank (A Rural Bank) on April 1, 2012

Our first ever ranking of rural banks in the Philippines is here:

Top Rural Banks as of 2012

and our latest ranking is here:

See the latest ranking –>> Top Rural Banks in the Philippines, as of the latest quarterly financial report.

The following ranking this June 2013 will be a work-in-progress, and will be completed as we get new information.
All money amounts mentioned are in PESOS.

By branch network, the largest rural bank in the Philippines is One Network Bank (ONB). By assets, it’s fast approaching that of Bank of Makati.  Note that ONB’s NPL ratio is much lower than that of Bank of Makati.

1.  Bank of Makati, A Rural Bank

No. 44 Sen. Gil Puyat Avenue
Makati City 1234
Trunkline: (02) 889-0000
Hotline: (02) 889-0000 loc. 902

– Total assets as of March 2013: 21.791 billion
– Total deposits as of March 2013: 12.297 billion
– Capital as of March 2013: 2.763 billion
– Gross Total Loan Portfolio as of March 2013: 18.680 billion
– Gross Non-performing loan ratio: 15.45%
– Net Non-performing loan ratio: 9.75%
– ROE as of March 2013: 11.03%
– Total capital adequacy ratio: 21.2%
– Tier 1 capital adequacy ratio: 20.54%
– Number of branches: 17 branches and 23 loan centers
– Started operations in September 1956
– Changed ownership in October 2001
– Chairman is Thomas C. Ongtenco
and president is Ma. Rodora E. Banares

2.  One Network Bank (ONB), A Rural Bank

(Update January 2015:  BDO has signed an agreement in 
         December 2014 to acquire One Network Bank)

Head Office:
ONB Center, KM 9, Sasa
Davao City
Hotline: (082)-233-7777

– Total assets as of June 2013: 22.4 billion
– Total assets as of March 2013: 20.8 billion
– Total deposits as of June 2013: 16 billion
– Total loan portfolio as of June 2013: 17 billion
– Non-performing loan ratio: 2%
– Net income in the first half of 2013:  373 million
– Annualized ROE based on 373-million income: 37%
– Risk-based capital adequacy ratio: 19%
(BSP requires a minimum CAR of 10%)
– Number of branches: 97
– Number of ATMs: 137
– Number of depositors as of March 2013: 615,000
– Number of borrowers as of June 2013: 102,000
– Pilot-testing its Internet banking system
– Acquired Iloilo-based Rural Bank of San Enrique in April 2012
(approved by BSP in January 2013)
– Newest branches launched: 5 branches in Iloilo and Guimaras,
1 branch in Semirara in Antique, 1 branch in Isulan in Sultan Kudarat
– Opened its first outside-Mindanao branch in Makati
at Pasong Tamo Extension in 2012
– 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

– President and CEO of ONB is Alex V. Buenaventura

3.  CARD Bank Inc., A Microfinance Oriented Rural Bank


20 M. L. Quezon St., City Subdivision

San Pablo City, Laguna

Tel: (63)(049) 562-4309



 – Member of the 8-institution CARD MRI

 – Sister institution of Santo Tomas, Batangas-headquartered

    savings bank CARD SME Bank

 – Total Assets as of June 2013: 4.22 billion

 – Total Savings Deposits: 2.893 billion

 – Total Loans Released: 4.9 billion

 – Repayment rate: 99.05%

 – Number of Depositors and other clients: 908,339

 – Number of Borrowers: 353,291

 – Return on Assets: 5.61%

 – Return on Equity: 25.24%

 – Number of branches: 53

 – Number of offices: 393

 – Has an XpressMoney-CARD office in Hong Kong

 – Started in September 1997 in San Pablo City

 – Its Metro Manila branches are at:

   – 141 Quirino Avenue

     Daniel Fajardo Aldana, Las Pinas City

   – Kalayaan Avenue, Guadalupe Nuevo

     Makati City

   – 469 Barangka Drive, Plainview

     Mandaluyong City

 – CARD means Center for Agricultural and Rural Development

 – CARD MRI means CARD Mutually Reinforcing Institutions

4.   1st Valley Bank

Head office:
Baroy, Lanao del Norte

Executive Office:
1VB Business Center Vamenta Blvd.
Carmen, Cagayan de Oro City

– Total assets as of 1st quarter of 2009: 3.5 billion (cannot find new data online)

– Received BSP approval for conversion to a thrift bank in 2012

– Will be able to continue investment negotiations with foreign venture
capitalists after getting a thrift bank license
– Number of branches:
26 branches plus 9 financial solution centers
– Started in November 1956 as Rural Bank of Kapatagan Valley,
and became popular as Kapatagan Valley Bank
– Renamed 1st Valley Bank after acquiring Rural Bank of Sinacaban in September 2005
– CEO is Atty. Nicolas J. Lim

Update August 2014:
1st Valley Bank became a thrift bank or savings bank on August 1, 2013,
and ranked 22nd in total assets among savings banks in December 2013,
with an asset total of 6.265 billion pesos.
It moved up to No. 20 in 2014’s first quarter ranking by asset,
posting an asset total of 6.825 billion pesos.

5.  Bangko Kabayan (BK), A Rural Bank

Head office:
Santiago Street, Poblacion
Ibaan, Batangas
Tel: (043) 311 1420

–  Total assets:  more than 1.8 billion
(based on a September 2012 RBAP-MABS report)

 – Received in June 2012 its 7th Eagle Award from the

Rural Bankers Association of the Philippines Microenterprise
Access to Banking Services (RBAP-MABS)
– Launched in 2013 a time deposit product
with free life insurance for OFWs
– Free interbranch deposit transactions
– Number of branches: 18
– Number of customers: over 60,000
– Opened its 17th branch in Sariaya, Quezon
in December 2012 and its 18th branch in
Tiaong, Quezon in January 2013
– Publishes  a quarterly newsletter titled TINIG
– Active interaction with clients through
– Started as Ibaan Rural Bank by Bienvenido M. Medrano  and
Manuel M. Agregado in August 1957. Roman Ozaeta became an investor
the next year. Medrano was a founding father of Far East Bank
– President is Atty. Francis Ganzon
and managing director is Teresa Ganzon

Biggest Rural Banks in the Philippines as of 2015

Ranking of Rural Banks in the Philippines, June 2013

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