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Agribank Formed Through Rural Bank Consolidation
The Philippine Star
|June 18, 2025
A new rural bank has emerged from the consolidation of four rural lenders following the approval of the Bangko Sentral ng Pilipinas (BSP) as part of efforts to strengthen the rural banking system.
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Agribusiness Banking Corp.—A Rural Bank, now doing business under the name and style of Agribank, officially began operations on June 16, according to a circular signed by BSP Assistant Governor Arifa Ala.
The Monetary Board approved the consolidation through Resolution 88 dated Jan. 23. The merger brings together Agribusiness Rural Bank Inc., Banco Alabang Inc., Rural Bank of Maddela (Quirino) Inc. and Rural Bank of San Jacinto (Masbate) Inc.
The newly formed entity was registered with the Securities and Exchange Commission on Feb. 14. The BSP then granted its certificate of authority to operate as a rural bank on May 30.
यह कहानी The Philippine Star के June 18, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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