Tag: rural banks

Difference between Rural banks and Cooperative Banks

What’s the difference between rural banks and cooperative banks? They differ in type of ownership. Rural banks are owned and managed by private entities or individuals. Cooperative banks are owned, organized and managed by cooperatives or federation of cooperatives. What are common between rural banks and cooperative banks? They serve rural communities.  They lend money […]

29 Rural Banks with Net Worth of 52M and Above

Here’s a list of the 29 rural banks with net worth of 52M and above, based on SSS 2015-005 circular, listing 29 rural banks and 3 cooperative banks which it has authorized to collect SSS payments and pay SSS benefits: 29 Rural Banks with Net Worth of 52M and above Banco Makiling (Laguna) Bangko Kabayan […]

Rural Banks in Cavite

Here’s a list of Rural Banks in Cavite: Banco Carmona, Inc., A Rural Bank J.M. Loyola St. Carmona, Cavite No. of Offices: 2 Cavite Rural Banking Corporation M.H. del Pilar cor. Kiamzon Sts Barangay 3, Poblacion Silang, Cavite No. of Offices: 4 Cebuana Lhuillier Rural Bank, Inc. 160 Zapote Road Bacoor, Cavite No. of Offices: […]

Failed Banks in the Philippines, 2002

A total of 12 Philippine banks were closed by the BSP in 2002. Two of these 12 were savings banks or thrift banks — Unitrust Development Bank, based in Metro Manila, and All AsiaBank Corp., which operated in Davao City.   9     rural banks   1    cooperative rural bank   2     savings bank […]

Failed Philippine Banks, 2004

Two savings banks or thrift banks and two rural banks failed in 2004, based on reports on the PDIC and BIR websites. 1.  Rural Bank of Sto. Domingo (Albay), Inc.     – Taken over by the PDIC on January 8, 2004     – Liquidated by the court on May 27, 2004 2.  First […]