CARD MRI Rizal Bank, Inc. (CARD RBI) is set to open its first branch in Mindanao in Oroquieta City, Misamis Occidental on August 19, 2019.
“CARD RBI’s expansion in Mindanao is an opportunity for us to reach more of the underprivileged communities. We want to ensure that they can receive equal opportunities in terms of financial and community development services,” said RBI President and CEO Elma B. Valenzuela.
Valenzuela also added that this expansion will provide more relevant products and services that would help them grow socially and economically.
CARD RBI, is a member institution of CARD Mutually Reinforcing Institutions (CARD MRI) that provides banking services such as micro and SME loans, remittance, and savings solution. In its seven years of operation, it has already served a total of 434,829 clients from its 26 branches in Luzon and Visayas.
Simultaneously, a savings caravan will also be conducted in the opening day to urge the local population to develop the habit of saving.
“We want our dear clients to realize the value of saving in a bank. With this, they can gradually gain financial freedom and become ready in times of financial distress,” she added.
To date, CARD RBI posted P2.5 billion savings deposits and have a total of P3,090,628,574 loans outstanding. (Card MRI/PR)