The grant of loans to individuals regulary employed in the private and/or government officers to meet their needs for personal purposes from education, social and other retail activities.
the grant loans to small farmers for different purposes such as production loans, acquision of farm lands, acquision of equipment and other related to the development of agricultural industry of the municipality where the bank is located and its nearby towns within territorial boundaries.
The grant of loans to small and medium scale enterprises for the purpose of acquiring asssets, additional working capital, business expansion and other related thereto.
Authorized by the CENTRAL BANK to operate since March 1966 per REP. ACT7 720 as amended “DEPOSITS ARE INSURED BY PDIC UP TO P500,000 PER DEPOSITOR”.
Founded by Mr. Lirio A. Gustilo, first manager and president with the following incoporators Serafin J. Gustilo, Vicente C. Catolico, Juan C. Catolico, Salvador J. Gustillo, Marina Castro and Loreta J. Ledesma.
Was later managed by Mrs. Julieta Gustilo.
In recognition of the changing needs and technology, then manager Ma. Concepcion Gustilo partnered with BDO for its first mobile point of sales (MPOS) terminal to cater clients who have ATM’s.
As well as having partnership with ILECO II, as their collecting agent to assist fellow Calinognons in facilitating the payment of their bills and reduce their travel to the satellite office in Dalid.
President in 2013, was Ma. Daisy G. Nafarrete and approved partnership together with Board of the Directors.
With the growing needs of the Calinognons and nearby towns, Rural Bank of Calinog expanded its services by partnering with Union Bank of the Philippines and had Instapay,Pesonet as conduit for local remittances. Increased its ATM(MPOS) as well with additional units.
With the approval of Bangko Sentral ng Pilipinas, the Board of Directors expanded their operations with the opening of their first Branch Lite Unit located at San Rufino St., Alimodian, Iloilo
Second Branch-Lite unit was inaugurated at 50 Burgos Street, Lapaz, Iloilo City
With the economic struggles of farmers after covid pandemic, the Board of Directors approved the partnership with ACPC, making Rural Bank of Calinog as their lending conduit to assist farmers in the whole Third district of the Province of Iloilo.
DOMESTIC REMITTANCES
TRANSFER FUNDS UP TO PHP 500,000.00
ENJOY LOW TRANSFER FEE
EXPERIENCE REAL-TIME FUND TRANSFER
TRANSFER LARGER AMOUNT TO ANYONE ACROSS THE COUNTRY ANYTIME, ANYWHERE
TRANSFER FUNDS UP TO PHP 500,000.00
FUNDS ARE RECEIVED WITHIN THE SAME BANKING DAY (SUBJECT TO CUT-OFF)
BILLS PAYMENT SUCH AS ILECO II, PLDT
ATM / POS
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