BSP Complex, Manila 16 July 2013 — CARD Bank, Inc. and CARD SME Bank, Inc., both members of the CARD MRI group, received prestigious awards from the Bangko Sentral ng Pilipinas (BSP) during the 10th Awards Ceremony and Appreciation Lunch themed, “Hand in Hand in Sustaining a Steadfast and Strong Economy.”
CARD Bank, Inc., for the third straight year, is the Financial Inclusion Champion. This elevated the bank to become a Hall of Fame awardee for the said category. Looking back, CARD Bank, Inc. was established on September 1, 1997 and envisioned to build a sustainable financial institution owned, managed and controlled by the landless rural women by providing continued access to financial services to an expanding client base by organizing and empowering landless rural women.
Meanwhile, the CARD SME Bank, Inc., received the second place award also for the Financial Inclusion category. It was established on July 2011 to purposely reach out to clients who need bigger financial assistance on their businesses which microfinance service providers cannot cater anymore.
The award on Financial Inclusion recognizes partners who demonstrate tangible results in terms of breadth and depth of outreach to the previously unbanked or underbanked. The recipients of the award contribute to BSP’s goal of financial inclusion in the areas of policy and regulation, capacity-building, and consumer protection.
Other notable institution awarded is the Microfinance Council of the Philippines, Inc. (MCPI) as the Most Outstanding Financial Inclusion Partner this year. This year’s awarding ceremony recognized 71 outstanding institutional partners all over the country in different categories.
You may read more about the BSP 10th Awards Ceremony in the links below:
San Pablo bank bags BSP Hall of Fame as Financial Inclusion Champion – Philippine News Agency
BSP awards outstanding banks – Balita