BY Jennifer Catan-Tilos
NEGROS ORIENTAL (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)