CARD SME Bank opens 23rd branch

CARD SME Bank President and CEO, Aristeo Dequito (center), led the ribbon- cutting ceremony during the opening of the bank’s GMA-Cavite branch. In photo are (from left to right) Florence Castillo, AVP for Operations; May Dawat, CARD MBA General Manager; Aristeo Dequito; Ronila Padas, CARD SME Bank client; and Fr. Heral Arenal, Parish Priest.

CARD SME Bank, a thrift bank and a member of CARD Mutually Reinforcing Institutions (CARD MRI), opened its 23^rd branch in GMA, Cavite on September 25, 2017.

As the clients of the bank expand their businesses, the need for a larger capital likewise increases.

Through expansion, CARD SME Bank will be able to bring products and services closer to MSME’s and offer different savings and loans designed to meet the needs of different members and clients to a more accessible manner.

Depending on the need of the client, the bank offers different types of loans like working capital or investment loan with loan amounts ranging from 10,000 pesos to PhP5 million. It also offers other loans such as housing and car loan and deposit products for clients who want to save up for the future and at the same time earn high interest

Apart from its mandate to cater to SMEs, the bank together with the other institutions in the CARD Banking Group, still caters to microfinance clients.

“We want micro, small and medium enterprises to be more competitive by helping grow their business and we would like to be with them along the way by providing financial assistance,” Aristeo Dequito, President and CEO of CARD SME Bank, said.

“This is also our way to help socioeconomically- challeged families andachieve a sustainable solution to poverty,” he added.

The new branch is located at Poblaicion I, GMA, Cavite and is ready to serve clients from Mondays to Fridays, 8:00 am to 4:00pm.