User:Nrbbi/New Rural Bank of Binalbagan, Inc.

The NEW RURAL BANK of BINALBAGAN, INC. (Negros Occidental) is a bank in the Philippines existing under the conditions stated in the Rural Banks Act of the Philippines, Republic Act No. 720 of 1952, for the purpose of providing the people of rural communities with credit facilities on reasonable terms and encourage cooperatives.

Vision/Mission/Goal
"To Promote Comprehensive Rural Development to Attain Equitable Distribution of Opportunities, Income, and Wealth; Expanding Productivity as a Key to Raising the Quality of Life for All Especially the Under-priviledged; and to Make Credit Available and Readily Accessible in Rural Areas on Reasonable Terms"

History
The NEW RURAL BANK of BINALBAGAN, INC. (Negros Occidental) was first established on May 11, 1975, duly acknowledged by the Securities and Exchange Commission (Philippines) and the Bangko Sentral ng Pilipinas, with an initial capital infusion of One Million Two Hundred Thirty Six Thousand Nine Hundred Pesos (P 1,236,900.00). Its current principal office is located in Barangay Progreso, National Highway, Binalbagan, Negros Occidental.

FOUNDERS

 * Santos S. Garrucho
 * Atty. Rafael t Guerrero
 * Lilia M. Rive ra
 * Socorro G. Gatilao
 * Francisco D. Marquez
 * Edmund R. Guillen

On 1979, it won the Award for Rural Bank of the Year for providing outstanding financial services to the residents of Binalbagan,Negros Occidental

Services
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DEPOSITS
Savings Deposits
 * Regular
 * Batang Matipid
 * GIFT (Golden Investment For Tomorrow)
 * Time Deposits
 * Special GIFT (Savings Plan)

LOANS

 * Agricultural - sugar, fishing, piggery, poultry
 * Industrial - welding, fabrication, automotive, refrigeration


 * Commercial
 * Pension
 * Salary
 * Micro Financing
 * Cottage Industries

EXECUTIVE
Board of Directors

Joanne R. Natividad - Chairman of the Board

Florita G Amantillo - Corporate Secretary

Milagros G. Lopez - Director

Mae Raizel G. Lopez - Director

Santos T. Garrucho - Director

Cynthia Valencia - Independent Director

Armando Famoso - Independent Director

OPERATIONAL
Michael Ray Victor G. Lopez - Manager/Security Officer

Ma. Christina Ganzon - Loan Processor

Maria Regina C. Marmolejo - Cashier

Carry Mae P. Aspan - Internal Auditor/Compliance Officer

Irene Grace D. Tuante - Bookkeeper

Ian D. Sabelo - Inspector/Collector

Contact Information

Telefax: +6343888305