Card Bank

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]

Card Bank, Inc.
TypeRural Bank
IndustryFinance
FoundedSeptember 1, 1997 (1997-09-01)
FounderJaime Aristotle Alip
Headquarters
35 P. Burgos corner Paulino St. San Pablo City, Laguna
,
Philippines
Number of locations
845
Area served
Philippines
Key people
Jaime Aristotle Alip
(Chairman)
Marivic Austria
(President and CEO)
ProductsFinancial Services
Total assets₱16.2 billion (2019)
Total equity₱3.9 billion (2019)
Number of employees
5,387 (as of May 2019)[1]
Websitecardbankph.com

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]

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


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