RBI marks 23rd branch

Rizal Bank, Inc. (RBI), a microfinance-oriented rural bank, opened its 23rd branch in Baligatan, Ilagan City, Isabella on September 24, 2018 to further provide microfinance and community development services to the socio-economically challenged women and families in the province. The branch provides micro loans, SME such as SME-Working Capital and SME-Investment, and other development-oriented loan programs like education loan, health loan, cellphone loans, among others. RBI looks forward to open more branches nationwide in support of the 5-8-40 strategic direction of CARD Mutually Reinforcing Institutions (CARD MRI), a group of 21 companies including RBI. The strategy aims to reach eight million clients and insure 40 million individuals within 5 years starting 2016. To date, RBI is serving to more than 340,000 clients with 99.52% repayment rate and asset of PHP3 billion.