09/4/17

CARD Bank in its 20 years of serving Filipino families; vows to bring better service through modern technology

In its 20 years of serving the poor, CARD Bank stays relevant in terms of providing its products and services to the public using modern technology.

With the theme “20 taong paghahatid ng makabuluhang serbisyo para sa bawat pamilya”, CARD Bank celebrated its two decades in serving the unserved and underserved families in the country in CARD-MRI Development Institute, Inc. (CMDI) Bay Campus, Brgy. Tranca, Bay, Laguna on September 1, 2017.

Technology as an easy access to financial services

“As we continue to grow and expand, we ensure that CARD Bank is par with modern banking technology, CARD Bank Senior Management Adviser Dr. Dolores Torres, said. “We continue to improve our products and services aligned with the changing needs of our members and clients,” Dr. Torres added.

CARD Bank takes pride in being the first in the Philippine microfinance industry to use core banking system. “We are breaking the traditional banking operations and re-engineered our technology to core banking system to deliver better and stronger result of our services,” CARDMRI Managing Director Flordeliza L. Sarmiento said.

CARD Bank goes mobile

CARD Bank recently launched the Konek2CARD, a mobile application where you can monitor your CARD Bank Matapat ATM card, make transactions like balance inquiry, and fund transfer, and view your transaction history. “As we ensure to make our mobile banking effective, Konek2CARD is still being developed to provide more services like paying bills, loan payment, mobile remittances and many more,” Ms. Austria said.

In a message by Mr. Abaraham Lorenzo from the Bangko Sentral ng Pilipinas (BSP) Supervision and Examination Sector, it was highlighted that BSP envisions to raise the number of electronic transactions from the currect 1% to 20% by 2020 through the National Retail Payment System, a policy and regulatory framework that aims to establish a safe, reliable, and affordable retail payment in the country.  He commended CARD MRI as one of the forefronts in financial inclusion, stating, “With an innovative business model, CARD Bank is headed towards where the banking industry aims to achieve.”

CARD MRI Chairman affirms that the future of banking is to go digital, “We would like to bring our members to the next level, so we encourage them to become active in mobile banking. We hope that by introducing Konek2CARD, we also produce digital entrepreneurs from our members.”

Connecting people

In a press conference conducted during the celebration, CARD Bank informed the public about its remittance product CARD Sulit Padala. “With the huge number of individuals working away from their family, we want to be part of their re-connection through their remittances,” said Ms. Austria. CARD Sulit Padala clients can now send or receive their remittances in CARD Bank, CARD SME Bank and Rizal Bank branches. They may also receive money from their loved ones abroad through international remittance services in partnership with Transfast, XpressMoney, BDO Remit, MoneyGram, Land Bank and GCASH International.

Serving better

CARD Bank is a microfinance-oriented rural bank and a member institution of CARD Mutually Reinforcing Institutions (CARD MRI) serving more than 2.2 million families all over the country though its financial and non-financial services. Recently, CARD Bank with CARD SME Bank and Rizal Bank received Gold Hall of Fame Award for being an outstanding financial inclusion champion from the Bangko Sentral ng Pilipinas (BSP).

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08/11/17

SB Corp recognizes CARD Bank and CARD SME Bank as valuable development partners

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CARD Bank and CARD SME Bank were recognized by the Small Business Corporation (SB Corp) as outstanding development partners in its recently concluded 26th anniversary celebration held in Shangri-La Makati on July 28, 2017.

The recognition is an annual tradition of SB Corp to give honor to its partners and clients who delivered crucial means in achieving its development goal and financial targets in the past year.

Both CARD Bank and CARD SME Bank are partners of SB Corp in helping the micro, small, and medium enterprises to start, grow, and expand their business.

The two banks are proud member institutions of CARD Mutually Reinforcing Institutions (CARD MRI) that aims to eradicate poverty by providing various products, programs, and services that contribute to the development of every family it serves. CARD Bank and CARD SME Bank offer micro and SME loans to more than 2.6 million clients all over the country. With the help of other institutions under CARD MRI, they also provide micro-insurance, livelihood, education, health, and livelihood to their clients.

“The recognition given by the SB Corp fuels us to reach and assist more of the unserved and underserved communities in the country,” Ms. Marivic Austria, CARD Bank President and CEO, said in an interview. Meanwhile, Mr. Aristeo Dequito, the president and CEO of CARD SME Bank vows that the banking institution will continue to step up in providing the best products and services suited to its clients.

SB Corp is a government financial institution that implements comprehensive policies and programs to assist MSMEs in all areas, including but not limited to finance and information services; training and marketing.

(In the photos are Mr. Bartholomew Brillo L. Reynes, SB Corp President and CEO, Hon. Dennis Laogan, Vice Chairperson for House Committee on Small Business and Entrepreneurship Development House of Representatives,  Ms. Cynthia Baldeo, CARD SME Bank Executive Vice President and COO, Mary Ann Resplandor, CARD SME Bank General Accounting Manager, Mildred Ballares, CARD SME Bank General Finance Manager, and other co-awardees.)

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06/2/17

CARD Bank, Inc. opens new branch in Victoria, Oriental Mindoro

As CARD Bank, Inc. aims to bring banking closer to people, it opened its 85th branch in Victoria, Oriental Mindoro on May 8, 2017.

CARD Bank Victoria is the fifth branch in Oriental Mindoro.  It opened its first branch in the island on December 16, 2006 in Calapan, Oriental Mindoro to cater to the needs of micro entrepreneurs in the area. CARD Bank Calapan used to cater to the banking needs of its microfinance clients in Victoria.

“Opening a branch here in Victoria is a fulfillment of our goal of bringing banking services closer to our beloved clients,” said Ms. Lorenza Bañez, CARD Bank Executive Vice President adding that the clients are their inspiration to always improve their services.

“We are here to stay and to serve not only today but for the next generations of members in Mindoro.  It is possible because of the full support given by everyone – the members and staff and of course with the cooperation of Victoria’s local government.” EVP Bañez added.

CARD Bank is a member institution of CARD Mutually Reinforcing Institutions (CARD MRI) that is in the business of poverty eradication in the country.  “As CARD MRI expands and improves, we always ensure that the quality of life of our clients are also improved. Once we achieve that, we consider that as our success,” said Ms. Flordeliza L. Sarmiento, new CARD MRI Managing Director.

To date, CARD Bank caters to more than 2 million families throughout the country. It offers micro loans, savings product, and remittance services that will help them improve their lives.It also offers ownership of capital to qualified members through stockholdings by transferring their pledge savings as payment for shares of stock. In return members who are stockholders will receive annual dividends and enjoy other privileges of being a stockholder. Pledge savings is a type of savings product for microfinance clients of the bank.

Mrs. Elena Evora, one of the first members of CARD Bank in Mindoro said that she was able to buy shares of stocks in CARD Bank. “Now I am enjoying the privileges of being a stockholder. We salute CARD Bank for all its services to us that’s why we love and patronize CARD Bank,”added Mrs. Evora.

CARD Bank is continuously opening branches in the country. From January this year, eight branches were already opened.

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04/20/17

Equipping children of Tacloban on their financial future through CARDEESKWELA

More than three years ago, Tacloban was devastated by Super Typhoon Yolanda. But despite this , Tacloban has shown significant growth; the Taclobanons became more resilient, stronger and inspired to continue their lives.

With CARD Bank’s advocacy to drive growth and development to the community of Tacloban, it started its financial literacy workshop dubbed CARDEESKWELA in San Jose Elementary School and Kapang-ian Elementary School on March 21-23, 2017. Over 130 students from two schools in Tacloban benefited from the program.

CARD Bank believes CARDEESKWELA will help the community in equipping the children of Tacloban with a significant life skill that will shape their financial future. The need for prudent money management becomes increasingly crucial after the challenges they went through.

“We encouraged the children to have a PB (Passbook) account rather than spending their time on FB (Facebook) account. In CARD Bank, opening a savings account with passbook for children (MAAGAP Account) is very affordable. Children can start saving in small amount and continuously save some of their allowances. As it accumulates, they can use it for their dreams and in times of need,“ said Lorenza dT. Bañez, executive vice president of CARD Bank.

The primary level students were guided in making simple decisions on how to wisely save, spend and share their money and resources during the workshop. They also took the oath of commitment to helping their families lessen their expenses through responsible management of their own money. The workshop was also made extra fun through interactive games, simulations and exciting treats for kids.

CARD Bank, Inc. continues to innovate programs and activities to help CARD MRI’s mission in eradicating poverty.

PHOTO GALLERY OF CARDEEKWELA IN TACLOBAN

San Jose Elementary School

 

Kapangian Elementarty School

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04/20/17

CARD Bank continuously grows its network in Panay Island

Driven by its mission to create a vehicle for assets ownership for the poor, CARD Bank continuously expands its network in Panay Island as it opens its 82nd branch last April 3, 2017, located at New Site, San Miguel, Jordan, Guimaras (Jordan Branch). Along with this, on the same day, CARD Bank also opened its 81st branch in Siaotong St., Ilaud Poblacion, Barotac Nuevo, Iloilo City (Barotac Nuevo Branch).

Ms. Lorenza dT.Bañez, Executive Vice President, CARD Bank, Inc., and Ms. Lourdes B. Dijan, Executive Vice President for Finance, CARD Bank, Inc., management committee members and staff, and attended the grand opening.

“For the information of new members, CARD MRI is composed of 14 Mutually Reinforcing Institutions. Four of these institutions provide financial access for the poor and CARD Bank is the first microfinance-oriented rural bank that has evolved from a non-government organization (NGO),” Ms. Dijan said.

CARD Bank established their presence in Panay Island to empower socio-economically challenged women and their families. The institution offers both financial services and non-financial services. “We are expecting current microfinance members to encourage more individuals to join. CARD Bank is ready to serve them,” she added.

As CARD Bank celebrates its 20th year on September, Ms. Dijan, said that CARD Bank continues to expand in unbanked towns and islands in the country. “Before the year ends, CARD Bank will open another branch in Midsayap in Cotabato and Malita in Davao to reinforce its presence in Mindanao.”

As of February 2017, CARD Bank, Inc., has over 610 offices including 82 branches, and 527 Micro-Banking Offices (MBO’s) and Micro-Banking Units (MBU’s) located nationwide and its head office in San Pablo City, Laguna, over 3,524 staff in the Philippines and serves more than 2 million clients across the country.

Photo Gallery of CARD Bank Branch Openings in Panay Island

Barotac Nuevo Branch

 

Jordan Branch

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04/20/17

CARD Bank ready to give financial access in Baybay, Leyte

With its goal to provide financial access to socioeconomically challenged Filipinos, CARD Bank opens its first branch this year in 389 M.L. Quezon St. Brgy. Gregorio Loreto Sr., Baybay City, Leyte on March 20, 2017.

“CARD Bank is pleased to open and provide financial services to Baybay and its adjacent communities. As a Microfinance Oriented Rural Bank, we are here to continuously give access to every family our financial and non-financial services”. Ms. Lorenza dT. Bañez, executive vice president of CARD Bank, said.

Continuous Access to Financially Inclusive Services

“We believe that we are here to serve and eventually eradicate poverty. We want to help the women have an access to financially inclusive services and yet have a better family income”, Bañez said.

CARD Bank is a microfinance-oriented rural bank catering to the needs of more than two million unserved and underserved families in the country. It gives micro loans, savings products and remittance services that would help its clients improve their lives.

We would like our clients to enjoy the best banking services that we could offer. Thus, we also offer transfer of ownership of capital to qualified members whereby member can buy shares of stocks through transfer of their compulsory savings as payment for shares of stocks. In return, stockholders can receive annual dividends. In addition, to emphasize participation by the clients in the policy formulation and governance, clients sit on the Board of Directors of CARD Bank”, Bañez added.

Financial literacy

CARD Bank provides financial literacy to its clients. Bañez also shared that they wanted to improve the lives of their clients not only through financial products but also through financial education. The banking institution delivers Credit with Education (CwE) to help its clients make efficient investments in health, education, or in income-generating activities.

“We believe that education plays an important role to raise economic and social development in our clients,” Bañez shared.

CARD Bank and poverty eradication

The Baybay branch has an initial 1,000 transferred clients from CARD, Inc., a microfinance NGO and a member a member institution of CARD Mutually Reinforcing Institutions (CARD MRI). Through the help of other institutions under CARD MRI, where CARD Bank is also a member, it provides microinsurance products, health, education, livelihood, and other capacity-building programs.

“We provide a holistic approach for the social and economic development of our clients. We always dream for a zero poverty country,” Bañez said.

Allyn B. Soller shared her experience with CARD, “CARD provides a lot of benefits to my family. Through CARD, I was able to send my two children to college who are now professionals. My youngest child is also a CARD scholar and I am also a stockholder of CARD

 

Bank.” She advises her co-members to build the right character, have discipline and sense of responsibility as a member of CARD for them to succeed on their business.

 

Photo Gallery of CARD Bank Baybay Branch Opening

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02/10/17

CARDEEskwela School Tour 2017 Kick-off

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Last January 26, 2017, CARDEEskwela went to Sta. Cruz, Elementary School, Brgy. Sta. Cruz, Bay, Laguna. Sixty-two (62) selected students from the said school together with the B.S. Entrepreneur students from CARD-MRI Development Institute (CMDI) attended the workshop that aims to transform the mindset of the youth on financial management. The program also aspires to establish a mutual relationship between CARD Bank and various schools from all over the country.

While the workshop was meant to help the elementary kids to learn how to make money-based decisions during tough times or emergencies, it also served as an exposure to the B.S. Entrepreneur students of CMDI. The CMDI students experienced how CARD Bank conducts its on-ground savings mobilization campaign for kids through CARDEEskwela. The students acted as if they were the “Ate” and “Kuya” of the participants, who guided the kids during the entire workshop. The workshop was also made extra fun through interactive games, simulations and exciting treats for kids.

 
It has been noticeable that all participants of the CARDEEskwela since its launch in 2014 increased their savings balances and frequency of deposits. To date, there are more than 160,000 kids with Maagap Savings Account. Exciting plans are underway for the CARDEEskwela School Tour for various schools in different regions in the country. Further, CARD Bank continues to develop financial education programs suited for teens, employees and members.

 

Below:

Photo gallery of the workshop

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02/8/17

CARD Bank eyes opening three more Mindanao branches in 2017

CARD Bank, Inc. is set to open three more branches in Malita, Davao del Sur, Midsayap, North Cotabato, and Nabunturan, Compostella Valley on the first and second quarter this year.

CARD Bank opened its first Mindanao branch in Davao City at Magallanes Street in 2007. As of December 2016, the bank has eight branches covering the areas of Davao City, Davao del Sur, Cotabato, Davao del Norte, Davao Oriental.

“The expansion of CARD Bank in Mindanao is part of enriching and empowering the marginalized sectors of society,” President and CEO Marivic Austria said.

 

Microfinance and developmental services

Austria added that the bank will provide its clients wide range of financial services such as loans for business, agriculture, housing, solar, education, and health.

Savings account for members and their kids are also available. The bank also offers domestic and international remittances.

The bank also links its client to various developmental services such as access to microinsurance, business development services and marketing support, education support, and health protection services. This is through the assistance of the microinsurance and business development arms of CARD Mutually Reinforcing Institutions (CARD MRI) where CARD Bank is a member institution.

 

Vehicle for asset ownership

Since 1986, CARD MRI, where CARD Bank is a member institution, has been strong and committed in empowering the lives of the socioeconomically challenged women and their families by establishing a bank owned by the members.

“Impossible as it may seem but because of the strong dedication of my colleagues and the constant support of our stakeholders, we were able to realize our dream,” Dr. Jaime Aristotle B. Alip, founder and managing director of CARD MRI, said.

In 2000, CARD Bank opened its doors to its clients who wanted to be part-owner of the bank. These members can buy shares of stocks of CARD Bank, Inc. through their savings.

“As stockholders, they are receiving annual dividends. To emphasize participation by the members in the policy formulation and governance, selected members sit as Board of Directors of the bank,” Austria said.

Pascuala Geñoso, CARD member for more than eleven years now and one of the Board of Directors of CARD Bank, thanked the institution for giving her the opportunity to become part of the respected bank.

“Never in my wildest dream did I think of becoming part of the board. It is overwhelming and I feel that it is a big responsibility for me because I will be representing my co-members,” Geñoso said.

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02/8/17

CARD Bank – Lucena branch transferred to its new office

CARD Bank Lucena, which opened in Magallanes St., Poblacion, Lucena City, Quezon Province on February 18, 2008, recently transferred to its new office at #49 Osmeña St, cor., Barcelona St., Brgy. 1, Lucena City last January 16, 2017.

Notable individuals from CARD MRI who were present during the event are CARD MRI founder and Managing Director Dr. Jaime Aristotle B. Alip, CARD MBA President Eulalia Villanueva, and Acting Vice President for Operations Management Herminigilda P. Manuba and Glenda C. Magpantay. Management committee members, staff, and clients were also present in the grand opening. The new branch is conveniently located at the heart of the city and is easily accessible by public transport and private vehicle. The bank aims to welcome more clients and provide them with better banking experience.

“Today, we celebrate another blessing of this newly established building owned by CARD MBA and it shows the teamwork and camaraderie within CARD MRI,” Dr. Alip said. CARD MRI has over 2,400 branches including units, more than 4.2 million clients, and over 11,500 staff.

Annabel Revadeniera, CARD member since 2004, shared that CARD MRI helps poor Filipino families through financial assistance, microinsurance, and educational assistance. As a stockholder, she also receives additional benefits like dividends and Annual give-aways and also has a chance to participate in Lakbay-Aral.

CABD Bank Lucena’s client-base has been continuously growing since its establishment nine years ago. Amidst its growth, the bank consistently offers competitive products and excellent service delivery to its microfinance clients and the general public in Lucena and nearby towns.

CARD Bank is now serving over 2 million clients as of December 2016.

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12/13/16

CARD Bank expands in Cotabato

Driven by its mission of creating a vehicle for assets ownership for the poor, CARD Bank, Inc. opened its 76th branch at Masagana Highway, Kabacan, North Cotabato.

“By bringing this formal banking services closer to the marginalized sector, we, at CARD Bank, are certain that they will gain control over their own resources and over their own destiny,” President and CEO Marivic Austria said.

In the recent data released by the Bangko Sentral ng Pilipinas (BSP) in June 2016, 589 cities and municipalities in the country remain unbanked. Forty one percent of these are in Mindanao.

Envisioning a poverty-free county, President and CEO Austria said that CARD Bank continues to expand in unbanked towns and islands in the country. “Before the year ends, CARD Bank will open another branch in Kidapawan to reinforce its presence in Mindanao.”

In an interview,Dr. Jaime Aristotle Alip, founder and managing director of CARD Mutually Reinforcing Institutions (CARD MRI), to which CARD Bank is one of the member institutions, said that the continuous expansion of the institution in Mindanao is parallel to what the current administration is doing in terms of eradicating poverty not only in Mindanao, but nationwide.

The newly established bank will also cater to clients from nearby municipalities. CARD Bank offers accessible banking services for loans and savings along with different social development projects such as health and education services, through the other member-institutions of CARD MRI.

Kabacan is the 7th branch of CARD Bank in Mindanao. CARD Bank opened its first branch in Magallanes, Davao City in October 2007. Recently, two branches were also inaugurated in the Cities of Tagum, Davao del Norte and Mati, Davao Oriental.

As of October 2016, CARD Bank is serving almost 2-Million clients with P9-Billion total asset, 579 offices, and 3,433 total staffing nationwide. The CARD MRI Banking Group, which includes CARD Bank, is the Bangko Sentral ng Pilipinas’ financial inclusion champion.

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