Cooperative Banks in the Philippines

Updated July 31, 2023

. Top 10 Cooperative Banks in the Philippines
. List of 22 cooperative banks in the Philippines
. What are cooperative banks?
. Functions of cooperative banks
. Are Cooperative Banks required to register with the Cooperative Development Authority (CDA)?

Here are the Top 10 Cooperative Banks in the Philippines, based on Total Assets as of March 2023

RankCooperative BankTotal Assets
1First Isabela Coop Bank (FicoBank)4.7 Billion
2One Cooperative Bank***
3Coop Bank of Cotabato3.1 Billion
4Ilocos Consolidated Cooperative Bank2.5 Billion
5Mindanao Consolidated Cooperative Bank2.5 Billion
6Consolidated Cooperative Bank1.7 Billion
7Coop Bank of Benguet (CBB)1.1 Billion
8Coop Bank of Quezon Province1.0 Billion
9Coop Bank of Palawan905 Million
10Cooperative Bank of Nueva Vizcaya778 Million
11Network Consolidated Coop Bank726 Million
12Coop Bank of Cagayan609 Million
13Cooperative Bank of Bohol588 Million

***One Cooperative Bank (One CB) is the new name of the cooperative bank that arose from the consolidation of Metro South Cooperative Bank, Consolidated Cooperative Bank and Bataan Cooperative Bank on January 25, 2023. Metro South Cooperative Bank and Consolidated Cooperative Bank were No. 2 and No. 6, respectively, in asset ranking as of December 2022. One CB started operations on February 27, 2023.
Circular Letter No. CL-2023-019

Let’s see in the next asset ranking if One Cooperative Bank will surpass FicoBank to become the No. 1 cooperative bank in the Philippines by assets.

Here’s a List of Cooperative Banks in the Philippines:

There are 22 cooperative banks in the Philippines as of July 2023.

Banco Cooperative De Zamboanga

MCLL Highway corner Veterans Ave
Sta. Cruz, Zamboanga City
No. of Offices: 1
Phone: (062) 990-2839
Fax: (062) 991-1204
Chairman: Mr. Antonio C. Clarito

Cooperative Bank of Benguet (CBB)

JC 225 Central Pico, Km 5
La Trinidad, Benguet 2601
No. of Offices: 4
Phones: (074) 422-2626 / (074) 422-1268
Fax: (074) 422-1849
General Manager: Mr. Shack Rhee R. Olay

Cooperative Bank of Bohol

0126 C.P.G. East Ave
Brgy. Poblacion 1, Tagbilaran City 6300
No. of Offices: 3
Phones: (038) 411-3483 | (038) 411-3475
Email: |
President: Ms. Juvie D. Calacat

Cooperative Bank of Cagayan

Diversion Road, San Gabriel
Tuguegarao City, Cagayan
No. of Offices: 6
Phone: (078) 844-3432
President and CEO: Atty. Robin James A. Gunnacao

Cooperative Bank of Cebu

M. Velez St.
Guadalupe, Cebu City 6000
No. of Offices: 4
Phone: (032) 254-9547
Fax: (032) 254-9547
General Manager: Ms. Dahlia M. Rejuso

Cooperative Bank of Cotabato

CBC Bldg. 1, Lanao
Kidapawan City, North Cotabato 9400
No. of Offices: 12
Phones: (064) 572-3264
Fax: (064) 288-1220
President: Mr. Rolly R. Dela Cruz

Cooperative Bank of La Union

CBLU Bldg., National Highway
Sta. Barbara, Agoo, La Union
No. of Offices: 1
Phone: (072) 521-0006 | 710-0655
Fax: (072) 710-0655
Email: |
General Manager: Ms. Marianne P. Gali

Cooperative Bank of Mt. Province

Cor. Loc-ong st., 1st floor, CBMP Bldg. Road Level
Poblacion, Bontoc, 2616 Mountain Province
No. of Offices: 1
Phone: (074) 633-1006
Officer-In-Charge: Ms. Jovelyn Dawn F. Ofo-ob

Cooperative Bank of Negros Oriental

CBNO Bldg., Libertad St.
6200 Dumaguete City
No. of Offices: 3
Phone: (035)225-1708 | (035)422-6931 0917-156-1303
General Manager: Mr. Reynaldo B. Gomez

Cooperative Bank of Nueva Vizcaya

Burgos cor Gaddang Sts.
Quirino, Solano, Nueva Vizcaya
No. of Offices: 5
Phone: (078) 326-7658
Fax: (078) 326-7658
Email: |
General Manager/Concurrent President: Ms. Marissa Q. Pinkihan

Cooperative Bank of Palawan

CBP Bldg. Junction I, National Highway
Brgy. San Miguel, Puerto Princesa City, 5300 Palawan
No. of Offices: 7
Phone: (048)-434-4492 (048)-434-9505 (+63)929-3651-182
Fax: (048) 434-4492
Chief Executive Officer: Ms. Emily C. Mondero

Cooperative Bank of Quezon Province

Granja cor. L. Guinto Sts.
Lucena City, Quezon
No. of Offices: 9
Phone: (042) 373-5103 | (042) 660-5132
Fax: (042) 660-1507
Acting-President: Ms. Milagros A. Surquia

Cooperative Bank of Zambales

Rizal Ave. corner Gomez St. Zone II
Iba, Zambales 2201
No. of Offices: 1
Phone: (047) 811-7316 | (047) 602-1890
Fax: (047) 602-1890
Manager: Ms. Vennice F. Abangan

First Isabela Cooperative Bank, Inc. (Ficobank)

Minante I, Cauayan City Public Mkt
Cauayan City
(Executive Address: 2nd Floor, FICO Bank Corporate Center
Minante 1, Cauayan City, 3305 Isabela)
No. of Offices: 37
Phones: (078) 307-0051 | (078) 307-2675
Fax: (078) 307-3364
President: Atty. Hubert E. Molina

Ilocos Consolidated Cooperative Bank

ISCB Bldg., National Highway
Bagani Camposanto, Candon, 2710 Ilocos Sur
No. of Offices: 14
Phone: (077) 674-0357
Fax: (077) 674-0357
President: Mr. Ruben R. Habon

Mindanao Consolidated Cooperative Bank

MCCB Bldg., Provincial Capitol Compound
9000 Cagayan de Oro City
No. of Offices: 21
Phone: (088) 856-1550
Fax: (088) 858-3206
Email: |
President: Ms. Myrna A. Sescon

National Teachers & Employees Cooperative Bank

Cor. M. J. Cuenco and Juan Luna Avenues
Mabolo, Cebu City 6000
No. of Offices: 5
Phone: (032) 234-1817 | (032) 2341819 | (032) 415-9830
Email: |
President: Mr. Jose Raul P. Cataquis

Negros Cooperative Bank

North Capitol Road, Bacolod City
6100 Negros Occidental
No. of Offices: 1
Phone: (034) 433-1993 | (034) 709-0132
Email: |
Chairman of the Boardand CEO: Mr. Nestor R. Bayona

Network Consolidated Cooperative Bank

160 Katipunan Avenue
St. Ignatius Village, 1110 Quezon City
No. of Offices: 9
Phone: (02) 364-6514 | (02) 364-3756
Email: |
President and CEO: Mr. Raul M. Calayan, Jr.

Occidental Mindoro Cooperative Bank (OMCB)

615 Lapu-Lapu St., San Jose
Occidental Mindoro
No. of Offices: 4
Phone: (043) 491-4303
Fax: (043) 491-4303
General Manager: Ms. Cherry Lyn V. Mendoza

One Cooperative Bank (One CB)

IDC Centre, Zapote St. Cor Kalayaan Ave.
Brgy. Sta. Cruz, Makati City 1205
No. of Offices: 13
Phone: (02) 897-9046 ; 897-9054
Fax: (02) 897-1400; 897-6600
President: Mr. Ignacio A. Manipula

Zamboanga Del Norte Cooperative Bank

Quezon Avenue, Barangay Miputak
Dipolog City, Zamboanga del Norte
No. of Offices: 4
Phone: (065) 212-7806 | (065) 212-6210
Fax: (065) 212-6211
President: Mr. Ramer P. Baje

Source: Bangko Sentral ng Pilipinas

Below are the 3 cooperative banks which consolidated their operations in January 2023 to form One Cooperative Bank (One CB).

Bataan Cooperative Bank

Ground Floor, Leonida Building
Capitol Drive, San Jose
Balanga City, Bataan
No. of Offices: 2
Phones: (047) 791-4715; 791-3451; 237-1934
Fax: 237-1934
Email: /
General Manager /Officer-in-Charge: Ms. Ma. Theresa D. Perez

Consolidated Cooperative Bank

CBDS Building, Ramon Magsaysay St
Barangay Zone 3, Digos City, Davao del Sur
No. of Offices: 12
Phone: (082) 237-0174
Fax: (082) 272-1264
President: Ms. Jocelyn G. LeaƱo

Metro South Cooperative Bank

IDC Centre, Zapote Street Corner Kalayaan Ave.
Brgy. Sta. Cruz, 1205 Makati City
No. of Offices: 1
Phone: (02) 897-9046 | (02) 897-9054
Fax: (02) 897-1400; 897-6600
President: Mr. Ignacio A. Manipula

What’s the Difference between Rural Banks and Cooperative Banks?

What are Cooperative Banks in the Philippines?

Cooperative Banks provide banking, financial and credit services mainly to cooperatives and their members. They may also provide services to non-members, but their focus is on cooperatives and members.

Sometimes they’re also called Cooperative Rural Banks because they’re authorized to provide all services offered by rural banks. They can do the following:

  • Grant loans to farmers, fishermen, farm families, cooperatives, merchants, and private and public employees
  • Accept savings and time deposits
  • Act as correspondent of other financial institutions
  • Rediscount paper with the LBP, DBP or any other bank, including bank branches and agencies
  • Act as collection agent
  • Acquire readily marketable bonds and other debt securities
  • Buy and sell foreign exchange
  • Offer other banking services as provided in Section 53 of RA No. 8791 (The General Banking Law of 2000):
    • Rent out safety deposit boxes
    • Receive in custody funds, documents and valuable objects
    • Make collections and payments for the account of others and perform other banking services for their customers
    • Act as financial agent and buy and sell, by order of and for the account of their customers, shares, evidences of indebtedness and all types of securities
    • With prior approval by the Monetary Board, act as managing agent, adviser, consultant or administrator of investment management/advisory/consultancy accounts

Functions of Cooperative Banks in the Philippines, according to RA 6938 (Cooperative Code)

  • Provide banking and credit services to cooperatives
  • Manage savings of its members for the benefit of cooperatives
  • Issue negotiable instruments to facilitate the activities of cooperatives
  • Discount bills and promissory notes issued and drawn by cooperatives
  • Borrow money from banks and other financial institutions within the limit prescribed by the BSP
  • Receive financial aid or loans from the Government and the BSP for and in behalf of cooperative banks and primary cooperatives and their federations engaged in business and to supervise the lending and collection of loans
  • Act as a balancing medium for the surplus funds of cooperatives and their federations
  • Issue debentures subject to the approval of and under conditions and guarantees as prescribed by the Government
  • Carry out all other functions as prescribed by appropriate authorities, with banking functions subject to prior approval by the BSP.

Are Cooperative Banks required to register with the Cooperative Development Authority (CDA)?

Yes. As mandated by RA 9520 known as Philippine Cooperative Code of 2008 and RA 11364, a cooperative bank shall register with the Cooperative Development Authority (CDA), which is a government agency, after it has obtained its Certificate of Authority from the BSP to operate as a cooperative bank.

RA 9520 also declares that only one cooperative bank may be established in a province. An additional cooperative bank is allowed only in the same province if the economic conditions of the province warrant an additional cooperative bank, as may be determined by the BSP. This additional cooperative bank shall be established in a different town, not in the city or municipality where the first cooperative bank is located.

It’s the BSP, however, that has the authority to supervise the operations of cooperative banks and to make sure that cooperative banks are complying with Philippine banking laws.


RA No. 9520. An Act Amending the Cooperative Code of the Philippines to be known as The Philippine Cooperative Code of 2008.

RA No. 11364. An Act Reorganizing and Strengthening the Cooperative Development Authority, repealing for the purpose RA 6939, creating the Cooperative Development Authority

Bangko Sentral ng Pilipinas. Directories and Banking Financial Statements

Top Rural Banks in the Philippines

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