Jennifer C. Tilos
NEGROS ORIENTAL, August 25 (PIA) -- Land Bank of
the Philippines has awarded CARD Bank, member of CARD Mutually Reinforcing
Institutions (CARD MRI, recently as one of its 2015 outstanding
accredited client-countryside financial institution (CFI).
A microfinance-oriented rural bank, CARD Bank won first place in
the category of Rural Bank in the national level and a special award, Best CFI
Availer-Agri-Agra Loans.
CARD Bank has the highest loan portfolio on agri-agra based on its
submitted report to the Bangko Sentral ng Pilipinas (BSP).
According to CARD Bank president and CEO Dolores Torres CARD Bank
"will never tire helping people living in the countryside to help them
uplift their quality of life.”
CARD Bank is one of the financial institutions of CARD MRI that
helps empower millions of Filipinos especially people who are excluded in the
mainstream financial system.
Land Bank president and CEO Gilda Pico commended CARD Bank
for its noble mission to help the poor communities during the Gawad Award
ceremony held in Manila.
Torres said “CARD Bank will continue to partner with appropriate
institutions,like Land Bank, that share the same mission as ours to achieve our
mutual goal of eradicating poverty in the country.”
Land Bank’s Outstanding CFI-clients awarding is being done
annually to recognize CFIs that modelled excellence in rural financial
services.
This recognition aims to maintain a good partnership between Land
Bank and CFIs in providing financial access to marginalized sectors and development
players in the countryside.
The cash prizes received by the institution will be added to the
calamity loan fund of CARD MRI.
Present during the awarding include officials and representatives
from the Rural Bankers Association of the Philippines, Chamber of Thrift Banks,
key officers and leaders of SMEs and Corporations, other government agencies
and senior officers of Land Bank. (rmn/jct/PIA7-Negros Oriental)