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The Philippines has a comprehensive banking system encompassing various types of banks, from large universal banks to small rural banks and even non-banks.As of September 30, 2022, [1] there were 45 universal and commercial banks, [2] 44 savings banks, [3] 400 rural and cooperative banks, [4] 40 credit unions and 6,267 non-banks with quasi-banking functions, all licensed by the Bangko Sentral ...
The Center for Agriculture and Rural Development, Inc. (better known as Card Bank, Inc.) is a micro-finance oriented rural bank in the Philippines established in 1997, and is currently regulated by the Bangko Sentral ng Pilipinas. Its main office is located in San Pablo City, Laguna. As of May 2019, Card Bank, Inc. has 750 service offices ...
The Bank of Makati was established on September 22, 1956, as the "Rural Bank of Makati, Inc." along J.P. Rizal in the then-town of Makati, Rizal. In October 2001, the banking company underwent a change in ownership as well as some reforms. In November 2005, the name of the company was officially changed to "Bank of Makati (A Rural Bank), Inc.". [4]
Unlike most Philippine banks, LandBank has an extensive rural branch network with 409 Branches and Extension Offices, 46 Lending Centers and 2,188 ATMs (as of February 2020). [2] It services many rural sector clients in areas where banking is either limited to rural banks or is non-existent.
The bank is headquartered in Makati, Metro Manila. It has the distinction for being the first rural bank to join an interbank network, namely BancNet, and the rural bank with the largest branch network on the island of Luzon. The bank was founded in 1953. Prior to its acquisition, the bank has at least 30 branches in Metro Manila and Luzon. [1]
Bangko Kabayan, Inc. is a rural bank in the Philippines that primarily serves the mass market segment and provides financial services to micro, small, and medium enterprises (MSMEs). The bank operates as one of the significant rural banking institutions in the country, with a particular focus on community-based financial services. [4]
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A USAID funded Ateneo de Manila University research suggests that the network is beneficial for handling remittances. [ 1 ] Nationlink's members consist mostly of savings banks , credit unions , rural banks, cooperatives and non-governmental organizations , and is concentrated in rural areas, where ATMs are more limited.