|
(As of January 2012)
| Total Clients Served |
72,108 |
| Active Clients |
69,779 |
| Portfolio |
Php 336,32 M |
| Repayment Rate |
99.29% |
| No. of Savers |
71,803 |
| Savings Balance |
Php 337,13 M |
| Operational Self-Sufficiency |
125.99% |
| Financial Self-Sufficiency |
120.29% |
| Portfolio Yield |
56.87% |
| Total Assets |
Php 546,78 M |
| Total Equity |
Php 136.27 M |
| Number of Branches |
4 |
| Number of OBOs |
- |
| No. of Head Office |
1 |
| Total Number of Unit |
- |
|
|
A BRIEF HISTORYOn June 6, 1952, President Elpidio Quirino affixed his signature on the legislative proposal enacting Republic Act # 720, otherwise known as Rural Bank’s act (Annual report 1979), thus was born the Rural Banking System. Upon passage of the law, the monetary board of Bangko Sentral ng Pilipinas issued a certificate of authority to Rural Bank of Sto Tomas (Batangas) Inc. on May 10, 1962 and the same time inaugurated as the 14th Rural Bank in the province of Batangas. It was registered at the Securities and Exchange Commission February 7, 1962 with an authorized capital stock of one million pesos (Php 1, 000, 000) with six (6) incorporators.Rural Bank of Sto Tomas (Batangas) Inc. (RBSTI) has become an instrument of growth and progress in the minucipality of Sto Tomas. Being the pioneer and one of the eight (8) operating banks in Sto Tomas Batangas, RBSTI has been helping the barrio people by providing loan facilities to rural producers for their various productive endeavors.Subsequently, two (2) branches were open. One in Lipa, Batangas and another one in the Municipality of Cavite, Silang branch on August 1997 and 1996 respectively. Later, on December 2008 Silang branch office was transferred to Tagaytay, Cavite.However, due to crisis encountered by the bank starting year 2002, majority of shares of stocks of RBSTI were subsequently sold to CARD MRI group to rehabilitate the bank on July 31, 2007. Rehabilitation court and Bangko Sentral ng Pilipinas then officially approved the sale/transfer of shares of stock on September 5, 2007 and February 7, 2008 respectively.In order to reinforce CARD’s social mission of poverty alleviation, RBSTI has introduce the concept of Microfinancing in their operation. RBSTI’s strategy involves transitioning members from matured CARD Inc. branches as soon as legal requirements especially branch licensing is complied. Upon transitioning of members from CARD Inc. branches, clients are continuously provided with financial and non-financial services by RBSTI, leading to enriching and empowering them through continuous access to financial resource as well as through training and supervision by RBSTI staff. |
