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AGRIBANK as the Most Outstanding Rural Financial Institution for Luzon 1

Agribusiness Rural Bank, Inc.’s effort was once again recognized by the National Livelihood Development Corporation (NLDC) as the most outstanding rural financial institution for Luzon I during the 8th SIPAG Awards held last December 3, 2013 at Crowne Plaza Manila Galleria, Quezon City. The award was given in recognition of its outstanding contribution to the promotion and advancement of NLDC’s livelihood development program and exemplary achievements in loan portfolio management, program impact, and financial performance for the year.
 
(Related article from NLDC article)
The holding of the 8th SIPAG Awards is a momentous event as it marks the first time that it is conferring recognition to a new breed of Filipino heroes: the Overseas Filipino Workers-Microentrepreneurs (OFW-Microentrepreneur). This award category recognizes NLDC’s OFW clients and their dependents, who ventured into microenterprises either to safeguard their hard-earned savings, to start, grow and sustain their small business by accessing additional capital from partner microfinance institutions participating in the NLDC-OWWA Livelihood Development Program for OFWs (LDPO).
Formerly Rural Bank of Sta. Fe (Nueva Vizcaya) Inc., the AGRIBUSINESS RURAL BANK was founded in 1978 and started operations in its hometown at Sta. Fe, Nueva Vizcaya with a capitalization of Php1.0 million.
 
Committed to be “the Rural Bank that cares”, AGRIBANK has three (3) decades of dedicated and committed service and   has grown and expanded its operations not only in the province of Nueva Vizcaya but also in prime cities and municipalities in the provinces of Isabela, Nueva Vizcaya, Nueva Ecija, Sorsogon City, Camarines Sur, Albay, Palawan, Bohol, Oriental Mindoro, Occidental Mindoro, Romblon and Metro Manila.  Seventeen (17) branches are strategically situated in  these provinces  while  ten (10) other banking office  (OBOs)  have been  put up in Sta. Rosa,  Gapan, General Santos, Cebu, Gen. Tinio, Pili, Ligao, Tabaco, Daraga and Virac.
 
AGRIBANK offers  a  variety  of   products and services  ranging  from  the traditional Agricultural, commercial and Industrial  loans, to Pangkabuhayan loans , Agri-machinery loans, Puhunan para sa Asawa ng mga Drivers  (PAD) loans and salary loans.  Depositors may choose from numerous deposit products such as Regular savings, Smart savings, Special Smart Savings and Starflex Deposits.
 
At present, AGRIBANK is based at the productive municipality of Solano, Nueva Vizcaya, and is one of the fast growing rural banks in the region with total resources of Php2.0 billion and manned by 453 skilled, well-trained, dedicated and committed employees.
 
In 2009 to 2010,  Agribank  garnered  multiple  awards:  The  Most  Outstanding  Rural Bank” by the Land  Bank of the  Philippines;  “ The Number   Taxpayer”  by  the   Local  Government of  Nueva  Vizcaya;   “One  of the top Ten GCash Rural Bank Partner” by  Globe , and in 2012  as “The Most  Distinguished  Partner in mSME Oriented  Rural  Banks”  by the  Small  Business Corporation.
AGRIBANK has been a partner of NLDC since June 20, 2006 and has a credit line of Php120.0 Million.