RURAL BANK FOR SALE

This rural bank is more than 50 years old and it has a high CAMELS/COMPOSITE rating. The present market value of assets and capital investment is P65 million.

The current owners are very progressive. They pioneered in setting up Other Banking Offices (OBO) in their region which was followed by other rural banks. They invested in digitalization to improve service to their clients and simplify reports to BSP.

The 3 branches own the land and buildings. Only the four OBOs operate in rented locations.
Being a conservative bank, they have many clients from the religious community, schools, and OFWs. The bank’s high liquidity level is a reflection of the community’s confidence. There is no need to borrow from the Banko Sentral ng Pilipinas ( Central Bank of the Philippines).
Potential buyers/investors are companies in FinTech, microfinance, and foreign companies that want to break into the Southeast Asian financial markets.

An NDA is not a warrant for prospective buyers/investors to know the identity of the bank and access sensitive bank information that is covered by Republic Act 1405 or the Bank Secrecy Law. Buyers/investors will be screened for proof of funds; experience in operating a bank and their plans for the bank after the acquisition. The seller has the prerogative to choose which investor to prioritize/entertain based on how it will enhance the operation of the bank. The seller will personally release financial information to qualified buyers.