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| Our Members |
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5 Speed
Rural Bank, Inc. |
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Banco
ng Masa |
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Batangas Rural Bank for Coop., Inc. |
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Bolbok
Rural Bank, Inc. |
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Classic
Rural Bank, Inc. |
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Limcoma
Rural Bank, Inc. |
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Lipa
Bank, Inc. ( A Rural Bank) |
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Malarayat Rural Bank, Inc. |
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Mount
Carmel Rural Bank |
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New
Rural Bank of Agoncillo, Inc. |
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Progressive Rural Bank, Inc. |
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Rural
Bank of Alitagtag, Inc. |
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Rural
Bank of Calaca, Inc. |
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Rural
Bank of Cuenca, Inc. |
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Rural
Bank of Lipa |
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Rural
Bank of Padre Garcia, Inc. |
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Rural
Bank of San Luis, Inc. |
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Rural
Bank of Taal, Inc. |
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Rural
Bank of Talisay, Inc. |
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Sunrise
Rural Bank, Inc. |
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Summit
Rural Bank of Lipa City, Inc. |
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Utility
Bank |
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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.
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BRANCHES
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Ibaan
Santiago St. Poblacion, Ibaan, Batangas
(043) 311 2804; (043) 311 1303 |
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Lemery
Illustre Ave., Poblacion, Lemery,
Batangas
(043) 411 0893 |
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Rosario
Barangay C., Poblacion, Rosario,
Batangas
(043) 321 1134; (043) 321 1078 |
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Agoncillo
J. Mendoza St., Poblacion, Agoncillo
Batangas
(043) 210 3348 |
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San Juan
General Luna St. Poblacion, San Juan,
Batangas
(043) 341 1149; (043) 575 3771 |
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Calaca
Marasigan St., Poblacion, Calaca,
Batangas
(043) 424 0076; (043) 223 5221 |
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Batangas
Romero Dy Bldg. P. Burgos St., Batangas
City, Batangas
(043) 300 1228; (043) 723 4938 |
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Balayan
Antorcha St. Brgy 12, Poblacion,
Balayan, Batangas
(043) 921 1894 |
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San Jose
Maycor Bldg.,Taysan, San Jose Batangas
(043) 726 2560; (043) 726 2139 |
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Nasugbu
P. Rinoza St., Poblacion, Nasugbu,
Batangas
(043) 416 0569; (043) 931 5088 |
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Tanauan
Emir Bldg. J.P.Laurel Hi-way, Poblacion,
Brgy.2 Tanauan City
(043) 784 3894 |
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Calatagan
Ayala St. Brgy 3, Poblacion, Calatagan,
Batangas
(043) 419 0212 |
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San Pascual
Brgy. San Antonio, San Pascual, Batangas
(043) 980 1600; (043) 727 1120 |
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Lipa
P. Torres Extension, Poblacion, Lipa
City, Batangas
(043) 312 3708; (043) 313 3793 |
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Mabini
F. Castillo Blvd. Poblacion, Mabini,
Batangas
(043) 487 0172; (043) 487 0173 |
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Sariaya
General Luna St., Poblacion, Sariaya,
Quezon
(042) 717 0677 |
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Cuenca
National Road, Poblacion, Cuenca,
Batangas
(043) 342 1481; (043) 342 1281 |
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Tiaong
Don V. Robles cor. Recto Sts., Poblacion
1, Tiaong, Quezon
(042) 545-6621 |
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BANGKO
KABAYAN, INC