Ranking of Rural Banks in the Philippines, June 2013

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
Email: customerservice@bankofmakati.com
Website: bankofmakati.com.ph

– 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
Email: customerservice@onenetworkbank.com.ph
Website: onenetworkbank.com.ph

– 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
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 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
Website: 1stvalleybank.com

– 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
Website: bangkokabayan.com

–  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 facebook.com/bangkokabayan
– 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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