GREENBANK Setting Milestones in the Rural Banking Industry
April 12, 2007 | 12:00am
The ONLY rural bank with Nationwide Coverage.
The FIRST rural bank to be awarded "The Hall of Fame Award" for countryside lending from the Land Bank of the Philippines.
The FIRST rural bank to be awarded "Balikat ng Bayan Award" for five (5) consecutive years from the Social Security System.
The FIRST rural bank to be recognized as the no.25 of the top 1000 Centennial Taxpayers of the Philippines which contributed greatly to the tax collection efforts of the Bureau of Internal Revenue in its Centennial year - 2004.
Green Bank is the first rural bank in the Philippines which has nationwide presence having branches in all three najor island groups Luzon, Visayas and Mindanao. This "first" was achieved with the opening of its branch in Antipolo, Rizal.
Green bank expanded from six (6) branches and P260 million in total resources in 2000 to 41 branches and 52 kiosks and more than P1.6 billion in total resources as of 2006. The bank serves more than 180,000 depositors and services more than 60,000 borrowers. Aside from its microfinance products, it also gives pension, salary, agricultural, commercial loans and other banking services.
The last quarter of 2006, three (3) new branches were opened and inaugurated: In Central Visayas at Yap Building F. Ramos St., Cebu City, in MIndanao at T. Monteverde St., Davao City and in Luzon at 134 Loreto Building, Mayamot Sumulong Highway, Antipolo City.
Green Bank''s vision is to be the Philippines'' premiere countryside financial institution. Its pioneering efforts in providing non-collateralized micro loans and savings services have opened doors of oppurtunity to marginalized filipinos and have hasd a direct effect on poverty alleviation.
The US ambassador to the Philippines Kristie A. Kenny came to the Cagayan de Oro branch of Green Bank and lauded Green Bank for the success of its microfinance operations, particularly for demonstrating that microentrepreneurs are bankable clients and that offering microfinance services can be profitable. Ambassador Kenny handed out a plaque of recognition to the bank''s 30,000th microfinance client, Rosie Bilog, a food processor of cashew nuts in Cagayan de Oro City.
Green Bank is a participating bank of the United States Agency for International Development (USAID) funded Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services (MABS) program. This program gives enterprising poor the oppotunity to veer away from loan sharks or "5/6" who to be the only ones giving them ready credit albeit with exorbitant interest rates.
Green Bank also provides remittance services using G-Cash Globe''s electonic money service and Western Union money transfers. It is one of the pioneers in providing mobile banking services.
Green Bank is also very much involved with environmental concerns and has partnered with Royal Dutch Shell and the Department of Energy to provide electricity to the Philippine Countryside using solar energy as an alternative to fossil fuel combustion.
The FIRST rural bank to be awarded "The Hall of Fame Award" for countryside lending from the Land Bank of the Philippines.
The FIRST rural bank to be awarded "Balikat ng Bayan Award" for five (5) consecutive years from the Social Security System.
The FIRST rural bank to be recognized as the no.25 of the top 1000 Centennial Taxpayers of the Philippines which contributed greatly to the tax collection efforts of the Bureau of Internal Revenue in its Centennial year - 2004.
Green Bank is the first rural bank in the Philippines which has nationwide presence having branches in all three najor island groups Luzon, Visayas and Mindanao. This "first" was achieved with the opening of its branch in Antipolo, Rizal.
Green bank expanded from six (6) branches and P260 million in total resources in 2000 to 41 branches and 52 kiosks and more than P1.6 billion in total resources as of 2006. The bank serves more than 180,000 depositors and services more than 60,000 borrowers. Aside from its microfinance products, it also gives pension, salary, agricultural, commercial loans and other banking services.
The last quarter of 2006, three (3) new branches were opened and inaugurated: In Central Visayas at Yap Building F. Ramos St., Cebu City, in MIndanao at T. Monteverde St., Davao City and in Luzon at 134 Loreto Building, Mayamot Sumulong Highway, Antipolo City.
Green Bank''s vision is to be the Philippines'' premiere countryside financial institution. Its pioneering efforts in providing non-collateralized micro loans and savings services have opened doors of oppurtunity to marginalized filipinos and have hasd a direct effect on poverty alleviation.
The US ambassador to the Philippines Kristie A. Kenny came to the Cagayan de Oro branch of Green Bank and lauded Green Bank for the success of its microfinance operations, particularly for demonstrating that microentrepreneurs are bankable clients and that offering microfinance services can be profitable. Ambassador Kenny handed out a plaque of recognition to the bank''s 30,000th microfinance client, Rosie Bilog, a food processor of cashew nuts in Cagayan de Oro City.
Green Bank is a participating bank of the United States Agency for International Development (USAID) funded Rural Bankers Association of the Philippines-Microenterprise Access to Banking Services (MABS) program. This program gives enterprising poor the oppotunity to veer away from loan sharks or "5/6" who to be the only ones giving them ready credit albeit with exorbitant interest rates.
Green Bank also provides remittance services using G-Cash Globe''s electonic money service and Western Union money transfers. It is one of the pioneers in providing mobile banking services.
Green Bank is also very much involved with environmental concerns and has partnered with Royal Dutch Shell and the Department of Energy to provide electricity to the Philippine Countryside using solar energy as an alternative to fossil fuel combustion.
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