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PIA Press Release

Feature: People's Bank of Caraga - micro financing at its best

By David M. Suyao

Butuan City (8 September) -- It's again a crown for Agusan del Sur!

People's Bank of Caraga (PBC) bags three awards from the Land Bank of the Philippines for being the most outstanding rural bank of Caraga, best reciprocal business nationawide for 2009 and as most outstanding rural bank in the country also for the year 2009.

Signed by LBP President and Chief Executive Officer Gilda Pico and the Secretary of Finance and Chairman of the LBP Cesar Purisima, the awards were personally handed to Ms Carmelita Bilaoen, manager of the people's Bank of Caraga, during the honorary night on August 27 this year in Manila.

The awards recognizes the PBC as the most effective and active partner of Land Bank in the countryside credit delivery thereby helping fast tract progress for the benefit of its clients and the community it serves, while maintaining outstanding business relations.

People's Bank of Caraga started the rural banking business in 1972 bearing the business name of Rural Bank of Talacogon, with only four personnel operating. Today, PBC have 12 branches/ units and 13 extension offices with 421 workforce. The first award that the PBC received was in 2004 as Best Performing Program partner. Almost every year thereafter, PBC proudly receives various awards like Micro Entrepreneur of the Year from Citigroup in 2006 and for four consecutive years since 2006 up to 2009, People's Bank of Caraga maintained the honor of being the most Outstanding Rural Bank in Caraga Region.

In the national level, PBC bags the honor of being the third Most Outstanding Rural Bank in 2006, second in 2007 and finally the Most outstanding Rural Bank in the country in 2009. For two years, PBC was also honoured Best Reciprocal Business (2007 & 2009). Aside from that, the Department of Agriculture also awarded PBC with plaque of recognition for its participation in the Agricultural Guarantee Fund Pool, while Peoples Credit and Finance Corporation also awarded PBC with Golden Partnership Plaque in 2008.

But in spite of the honors that the PBC garnered, its management did not forget that they have social obligations. In order to promote food production and environmental protection, PBC, in partnership with the Provincial Government of Agusan del Sur establish a demo farm practicing organic farming thru Friend Foundation in Barangay Lapinigan. They have also special projects with the indigenous people like community organizing with focus on health and education. They even sponsored a lakbay-aral in order to educate the lumads on vegetable farming. They have also extended financial aid to NGOs and government organizations and have extended cash assistance to storm Ondoy victims thru the Philippine Red Cross, Agusan del Sur Chapter.

With strong belief in cooperation and partnership, PBC is presently a member of the Rural Bankers of the Philippines, Rural Bankers Association Research and Development Foundation, Micro-finance Council of the Philippines, Mindanao Micro-finance Council and the International Micro Credit Summit Campaign.

With vision to expand its services more, PBC has its affialiate organizations namely Friend Foundation, Mutual Benefit Association and the newly created PBC Security Force. With never ending desire for progress, PBC management looks forward to even more effective and efficient operations for the welfare of the communities it serves in the years to come. (PIA-Agusan del Sur) [top]

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