Our Members
5 Speed Rural Bank, Inc.
Banco ng Masa
Batangas Rural Bank for Coop., Inc.
Bolbok Rural Bank, Inc.
Classic Rural Bank, Inc.
Limcoma Rural Bank, Inc.
Lipa Bank, Inc. ( A Rural Bank)
Malarayat Rural Bank, Inc.
Mount Carmel Rural Bank
New Rural Bank of Agoncillo, Inc.
Progressive Rural Bank, Inc.
Rural Bank of Alitagtag, Inc.
Rural Bank of Calaca, Inc.
Rural Bank of Cuenca, Inc.
Rural Bank of Lipa
Rural Bank of Padre Garcia, Inc. 
Rural Bank of San Luis, Inc.
Rural Bank of Taal, Inc.
Rural Bank of Talisay, Inc.
Sunrise Rural Bank, Inc. 
Summit Rural Bank of Lipa City, Inc.
Utility Bank
 
BANGKO KABAYAN, INC
A Rural bank

HISTORY & PROFILE  |  VISION & MISSION  |  BRANCHES
HISTORY & PROFILE

Ibaan Rural Bank, Inc. was established on August 19, 1957 by Mr. Bienvenido M. Medrano and the then newly-retired Auditor General Manuel M. Agregado, with the vision of becoming of service to the people of Ibaan, Batangas by providing reasonably-priced credit, particularly to small merchants, farmers and traders in the community. Wanting to spread the benefits of what he believed would be a profitable business, he invited relatives and townmates to invest in IRB in whatever capacity they had. A year later, another prominent investor joined IRB in the person of retired Supreme Court Justice Roman Ozaeta.

With the end-goal of uplifting the quality of life of the people in the countryside, IRB participated in all the government programs aimed at providing credit to the rural population. Like most rural banks, IRB in its early years operated largely with rediscounting funds from the Central Bank. But aside from the usual savings and loan services, Ibaan Rural Bank also pioneered the use of the checking account as early as 1967. Its founding fathers being progressive businessmen themselves (Mr. Medrano served as one of the youngest presidents of the Phil. Chamber of Commerce and Industry, and was a founding father and board member of Far East Bank), they appreciated the importance of providing this service, to further develop the budding SME sector in Batangas then.

Upon the entry of the second generation of the original founding fathers, there was a move towards placing IRB in a premiere position in the RB industry. Human resource development was given priority and the first Vision and Mission of IRB was crafted. Inspired by the Economy of Communion, IRB embarked on an expansion program to be able to make an impact, both as an employer and as a rural-based financial conduit. Deposit generation became a thrust, in order to wean itself away from the Central Bank and develop its capacity to operate as a stable rural bank. From 1991 to 1996, eight branches were established in various municipalities of Batangas – Calaca, Cuenca, Mabini, Nasugbu, Rosario, San Jose, San Juan and San Pascual.

When the bank celebrated its 40th anniversary, it adopted the business name Bangko Kabayan with the strong will to be of service not only to Batanguenos but to other communities in the countryside outside of the Batangas Province. It was also during that year that the IRB Foundation was established, funded out of the bank’s profits, with the purpose of undertaking micro-credit and scholarship programs for the poor and sponsoring community-building seminars.

Bangko Kabayan sought to respond to the needs of a population severely affected by the financial crisis of 1997 by mainstreaming its microfinance lending, in order to reach out to an even greater number of clients in the countryside. At present microfinance loans are extended to almost 9000 clients, with a total loan portfolio of P91M. More importantly, savings generated from the clients amount to over P52M. The loan quality is within international standards of less than 3% PARR and the client outreach is in 85% of the province’s cities and towns. In the years 2007 to 2009, four of the bank’s clients were selected as Microentrepreneur of the Year Awardees, further highlighting BK’s commitment to the marginalized sector of the rural economy.

Bangko Kabayan continues to expand its operations and has entered the dynamic markets of Batangas City, Lemery, Balayan, Tanauan City, and Lipa City in order to create and expand customer relationships. It has a total branch network of 16 branches in Batangas Province and has a client base of 60,000 in 85% of the provinces’ towns and cities, positioning itself as the community bank of choice of the entrepreneurial Batangueno.

Last year (2012), BK started to offer its products and services to its neighboring province, and opened its first branch outside Batangas last October in Sariaya, Quezon. Their 18th branch was opened on January 2013, in Tiaong, Quezon.
The bank still continues to improve the quality of its products and services to better serve its ever- growing number of clients, now numbering nearly 60,000 depositors and borrowers, after 55 years of service to the province.
Bangko Kabayan is a multi-awarded rural bank and with resources of over 2 Billion pesos and ranks among the top 3% of rural banks in the Philippines today.

It has been the recipient of the Microenterprise Access to Banking Services (MABS) Eagle Award for seven years, the only rural bank to garner this honor to date. The MABS Eagle Award is given in recognition of excellent microfinance delivery to the targeted sector and is based on given international standards of Efficiency, Asset Quality, Growth, Liability structure and Earnings.

Its continuous effort towards transparency and good governance has earned recognition from the Bureau of Internal Revenue, as well as the local government of Ibaan (where its Executive Office is located) which lauded BK as one of the top tax payers in the region.

BRIEF BACKGROUND ON THE ECONOMY OF COMMUNION

As mentioned previously, Bangko Kabayan is linked with the New Humanities Movement and the International Commission for the Economy of Communion of the Focolare Movement (i.e. a lay Catholic movement recognized by the Catholic Church), which espouses the “Economy of Communion” principles. These principles influence very much the management philosophies and ideology of the bank as a whole, having an impact on the mission, values and the way of doing business of the enterprise.

Bangko Kabayan is an “Economy of Communion” enterprise and it shares this mission along with 700 other companies worldwide. The mission involves the establishment of a new economic paradigm and of businesses that contribute to the realization of an even greater vision, the fulfillment of Christ’s prayer – “Father, that all men be one.”

The bank responded to the inspiration of Chiara Lubich (foundress of the Focolare Movement) in 1991 to call on businesses to put their profits in communion and in freedom, for three particular purposes:

1) To help the poor, beginning with the poor of the movement with whom a relationship of reciprocity could be established, to the point when the Focolare could present to the world, a model of a community of people “who were of one heart and one mind...and no one was in need among them”.

2) To help build and sustain structures of formation – little model cities in the various parts of the world – where people come together, to learn, by listening and actually living, experiencing Unity built on evangelical love.

3) To plow back in the enterprise so as to ensure its sustainability, providing employment and continued profits for the other two goals.
VISION
With a God-centered united workforce, we will be the preferred financial institution of MSMEs in Region 4, delivering relevant financial services with excellence.

MISSION
Bangko Kabayan is committed to become the region’s partner in economic development by providing quality financial products and services to MSMEs and individuals in the communities we serve. Through continuous growth, we will provide optimum returns to our shareholders as well as opportunities for our employees to develop themselves as fulfilled and holistic individuals, aware of the important role they play in the lives of others.
BRANCHES
Ibaan
Santiago St. Poblacion, Ibaan, Batangas
(043) 311 2804; (043) 311 1303
• Lemery
Illustre Ave., Poblacion, Lemery, Batangas
(043) 411 0893
• Rosario
Barangay C., Poblacion, Rosario, Batangas
(043) 321 1134; (043) 321 1078
• Agoncillo
J. Mendoza St., Poblacion, Agoncillo Batangas
(043) 210 3348
• San Juan
General Luna St. Poblacion, San Juan, Batangas
(043) 341 1149; (043) 575 3771
• Calaca
Marasigan St., Poblacion, Calaca, Batangas
(043) 424 0076; (043) 223 5221
• Batangas
Romero Dy Bldg. P. Burgos St., Batangas City, Batangas
(043) 300 1228; (043) 723 4938
• Balayan
Antorcha St. Brgy 12, Poblacion, Balayan, Batangas
(043) 921 1894
• San Jose
Maycor Bldg.,Taysan, San Jose Batangas
(043) 726 2560; (043) 726 2139
• Nasugbu
P. Rinoza St., Poblacion, Nasugbu, Batangas
(043) 416 0569; (043) 931 5088
• Tanauan
Emir Bldg. J.P.Laurel Hi-way, Poblacion, Brgy.2 Tanauan City
(043) 784 3894
• Calatagan
Ayala St. Brgy 3, Poblacion, Calatagan, Batangas
(043) 419 0212
• San Pascual
Brgy. San Antonio, San Pascual, Batangas
(043) 980 1600; (043) 727 1120
• Lipa
P. Torres Extension, Poblacion, Lipa City, Batangas
(043) 312 3708; (043) 313 3793
• Mabini
F. Castillo Blvd. Poblacion, Mabini, Batangas
(043) 487 0172; (043) 487 0173
• Sariaya
General Luna St., Poblacion, Sariaya, Quezon
(042) 717 0677
• Cuenca
National Road, Poblacion, Cuenca, Batangas
(043) 342 1481; (043) 342 1281
• Tiaong
Don V. Robles cor. Recto Sts., Poblacion 1, Tiaong, Quezon
(042) 545-6621
FBRB | Federation of Batangas Rural Bankers
2013
Website powered by: Pinoys Interactive