Card Bank Explained

Card Bank, Inc.
Type:Rural Bank
Founder:Jaime Aristotle Alip
Hq Location City:35 P. Burgos corner Paulino St. San Pablo City, Laguna
Hq Location Country:Philippines
Key People:Jaime Aristotle Alip

Marivic Austria
Num Employees:5,387 [1]
Industry:Finance
Area Served:Philippines
Products:Financial services
Num Locations:845

The Center for Agriculture and Rural Development, Inc. (better known as Card Bank, Inc.) is a micro-finance oriented rural bank in the Philippines established in 1997, and is currently regulated by the Bangko Sentral ng Pilipinas. Its main office is located in San Pablo City, Laguna. As of May 2019, Card Bank, Inc. has 750 service offices nationwide.[2] [3] [4]

History

On December 10, 1986, Card Bank, Inc. was organized by the 15 rural development practitioners responsible for the financial services. In 1997, CARD Bank, Inc. received its license from the Bangko Sentral ng Pilipinas and at the same year the bank opened its first office in San Pablo City, Laguna.[5]

Bangko Sentral ng Pilipinas recognized CARD Bank as Hall of Fame awardee for Financial Inclusion in 2013 [6] and Outstanding Financial Inclusion Champion in 2018.[7] [8]

On August 5, 2016, Card Bank, Inc. set up a meeting for the conference with the Al-Qalam Institute for Islamic Identities and Dialogue in Southeast Asia for its partnerships which aim to the communities who need the financial support.[9]

Notes and References

  1. Web site: Card Bank Inc. Number of employees. Card Bank Inc. . May 2019.
  2. Web site: Card Bank, Inc. Official Website . 2019-07-29.
  3. Web site: Who is MICROFINANCE: Center for Agriculture and Rural Development (CARD) Inc. . 20 October 2009 . Micro Capital . 2019-07-29.
  4. News: BusinessWorld. CARD Bank launches mobile app . en-US . 2019-08-06.
  5. Web site: History of CARD Bank, Inc. . Global Alliance for Banking of Values . 2019-07-29.
  6. Web site: BSP CARD Bank inaugurated into Philippine central bank's Hall of Fame for Financial Inclusion. 2013-08-01. Women's World Banking. en-US. 2020-02-27.
  7. Web site: Bangko Sentral ng Pilipinas - Publications & Research. www.bsp.gov.ph. 2020-02-27.
  8. Web site: Bangko Sentral ng Pilipinas - Publications & Research. www.bsp.gov.ph. 2020-02-27.
  9. Web site: CARD BANK INC. PARTNERSHIP . Ateneo De Davao University . 30 September 2016 . 2019-07-29.