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AGRIBANK bags Distinguished Partner Award

The Small Business Corporation (SBCorp) in its 23rd  Anniversary Celebration held at the Hotel Inter-Continental Manila last July 29, 2014 awarded AGRIBANK the Distinguished Partner Award for its continuous excellence in SME Lending. The celebration is SBCorp’s way of giving honor and recognition to its partners who were able to promote and champion the support for the country’s SMEs. AGRIBANK’s active role in empowering the countryside caught the attention of SBC for the second time honoring the bank with the prestigious awards two years in a row.

AGRIBANK, one of the country’s fastest growing bank is very much active in supporting the SMEs. As of March 31, 2014, Total Loans (Net) amounted to P2.2 Billion, of which, substantial part of the portfolio went to support countryside lending.

SBCorp is a government financial institution attached to the Department of Trade and Industry (DTI) and mandated to provide financing and credit guarantees to SMEs. SBCorp’s credit guarantee program operates on a risk sharing basis with various Accredited Financial Institutions (AFIs) like commercial banks, thrift banks and rural banks.