Guide on the Rural Banks in the Philippines and their Functions
RURAL BANKS IN THE PHILIPPINES – Here is a list of banks under this type that operate in the country and their services.
There are many types of banks. Undeniably, while most people do banking transactions, only a few are aware that banks actually have different types and main roles. One of the types of bank is the Rural Bank.
The Rural Banks or also called the Regional Rural Bank (RRBs) are banking firms that conduct activities at a district level. The main target of these banks is to offer accessible banking and credit facilities to the people residing in a certain area.
Rural Banks sprung as in the late 20th century, banking activities were only accessible to people living in the urban areas. The creation of RRBs are for the benefits of the people living in rural areas.
There are several rural banks in the Philippines that managed to continue operation despite the increasing existence of the other types of banks like the commercial banks in the Philippines.
Most of these rural banks in the Philippines have offers that target the people who belong in the agriculture sector and the other rural sectors. Here are the RRBs in the country as per the list of Bangko Sentral ng Pilipinas (BSP):
- Agribusiness Rural Bank, Inc.
- Aliaga Farmers Rural Bank, Inc.
- ARDCIBank, Inc. – A Rural Bank
- ASPAC Rural Bank, Inc.
- AuroraBank, a microfinance-oriented rural bank
- Balanga Rural Bank, Inc.
- Banco Dipolog
- Banco Laguna, Inc.
- Banco Mabuhay
- Banco Mexico, Inc.
- Bankways, Inc.
- BDO Network Bank
- BHF Rural Bank, Inc.
- BOF, Inc.
- Camalig Bank, Inc.
- Cantilan Bank, Inc.
- CARD Bank, Inc.
- Cavite United Rural Bank Corporation
- Cebuana Lhuillier Rural Bank, Inc.
- Common Wealth Rural Bank, Inc.
- Community Rural Bank of Catmon (Cebu) Inc.
- Community Rural Bank of Dapitan City, Inc.
- Community Rural Bank of San Felipe (Zambales) Inc.
- Cooperative Bank of Bohol
- Cooperative Bank of Cotabato
- Cooperative Bank of Nueva Vizcaya
- Cooperative Bank of Quezon Province
- Consolidated Cooperative Bank
- Country Builders Bank, Inc.
- D’ Asian Hills Bank, Inc.
- Dumaguete Rural Bank, Inc. (DRBI)
- EastWest Rural Bank, Inc.
- Entrepreneur Rural Bank, Inc.
- First Agro-Industrial Rural Bank, Inc. / FAIRBANK Inc.
- First Isabela Cooperative Bank (FICO Bank)
- First Tagum Rural Bank, Inc.
- GM Bank of Luzon, Inc.
- Guagua Rural Bank, Inc.
- Highland Rural Bank, Inc.
- Ilocos Consolidated Cooperative Bank
- Imus Rural Bank, Inc.
- Innovative Bank, Inc.
- Insular Savers Bank, Inc.
- Katipunan Bank, Inc.
- Laguna Prestige Banking Corporation
- Liberty Bank
- LifeBank
- Mactan Rural Bank Inc.
- Malarayat Rural Bank, Inc.
- Mallig Plains Rural Bank (ISA) Inc.
- Marayo Bank, Inc.
- Metro South Cooperative Bank
- Mount Makiling Rural Bank, Inc.
- MVSM Bank Inc.
- Network Consolidated Cooperative Bank
- New Rural Bank of San Leonardo (N.E.) Inc.
- Opportunity Kauswagan Inc.
- People’s Rural Bank Inc.
- PlanBank
- Quezon Capital Rural Bank, Inc.
- Rang-ay Bank, Inc.
- RBG Imperial Bank, Inc.
- RBT Bank, Inc.
- Rizal Bank
- Rural Bank of Angeles, Inc.
- Rural Bank of Bagabag (N.V.) Inc.
- Rural Bank of Bambang (Nueva Vizcaya) Inc.
- Rural Bank of Barili (Cebu) Inc.
- Rural Bank of Bauang, Inc.
- Rural Bank of Bayombong, Inc.
- Rural Bank of Calbayog City, Inc.
- Rural Bank of Cardona (Rizal) Inc.
- Rural Bank of Cauayan, Inc.
- Rural Bank of Central Pangasinan (Bayambang) Inc.
- Rural Bank of Digos, Inc.
- Rural Bank of Dolores (Quezon) Inc.
- Rural Bank of Dumangas, Inc.
- Rural Bank of Gattaran (Cagayan) Inc.
- Rural Bank of General Trias, Inc.
- Rural Bank of Guinobatan, Inc.
- Rural Bank of Itogon (Benguet) Inc.
- Rural Bank of Jaen, Inc.
- Rural Bank of Lebak (Sultan Kudarat) Inc.
- Rural Bank of Mabalacat, Inc.
- Rural Bank of Magdalena (Laguna) Inc.
- Rural Bank of Mangaldan
- Rural Bank of Maragondon, Inc.
- Rural Bank of Maria Aurora (Aurora) Inc.
- Rural Bank of Mexico (Pampanga since 1962)
- Rural Bank of Montalban, Inc.
- Rural Bank of Pandi (Bulacan) Inc.
- Rural Bank of Paracale (Camarines Norte) Inc.
- Rural Bank of Pilar (Bataan) Inc.
- Rural Bank of Pilar (Sor) Inc.
- Rural Bank of Pola (Oriental Mindoro)
- Rural Bank of Rizal (Zamboanga del Norte) Inc.
- Rural Bank of Rosario (La Union) Inc.
- Rural Bank of San Antonio, Inc.
- Rural Bank of San Mateo (Isabela) Inc.
- Rural Bank of San Narciso, Inc.
- Rural Bank of San Pascual (Obando, Bulacan) Inc.
- Rural Bank of Solano (Nueva Vizcaya) Inc.
- Rural Bank of Sta. Ignacia, Inc.
- Rural Bank of Tandag (Surigao Del Sur) Inc.
- Rural Bank of Tangub City (Misamis Occidental) Inc.
- Rural Bank of Taal, Inc
- Saviour Rural Bank, Inc.
- Sta. Maria Rural Bank, Inc.
- Sugbuanon Rural Bank, Inc.
- Summit Bank
- Valiant Bank, Inc.
- Rural Bank of Cuenca Inc.
Among the rural banks in the Philippines as listed by the BSP, the larget RRB in terms of assets is the BDO Network Bank. It is a subsidiary of the BDO Unibank which is also the largest unversal bank in the Philippines terms of assets.