In February 1998, Mr. Estelito R. Marabe acquired the Rural Bank of Lantapan. The acquisition was made possible through the new stockholder’s equity and backing of Hills Small Loans and Lending Facilities Co., Inc., owned as well by Mr. Marabe. On June 26, 1999, the name of the bank was changed, thus Asian Hills Bank, Incorporated came into existence as approved by the Bangko Sentral ng Pilipinas and the Securities and Exchange Commission.
The bank started its commercial operations on April 20, 1998 with seven employees in Lantapan. Since then, its manpower complement has increased, serving other municipalities such as San Fernando and City of Valencia.
The Lantapan Branch served as the prime branch of Asian Hills Bank, until the transfer of the main headquarters in the City Of Malaybalay on June 23, 2000.
In June 2001, the Kisolon Branch was opened in Sumilao, Bukidnon. In the same year the micro-finance program called “Dalan Sa Kalamboan” that aims to aid the needs of women who desire to uplift their lifestyle as well as her family’s and co-member’s in the center.
To date there are more than 9,300 members of the Microfinance Program covering almost all municipalities and cities of Bukidnon and Misamis Oriental.
In January 2002, the Society Rural Bank of Opol, Misamis Oriental became a subsidiary of Asian Hills Bank, Inc.
Asian Hills Bank, Incorporated opened its fifth branch in Poblacion, Dangcagan, Bukidnon on November 26, 2003 with eleven employees.
On June 23, 2004, Asian Hills Bank, Incorporated opened its sixth branch in Talakag, Bukidnon.
| GENERAL INFORMATION | |
| Name of MFI | Asian Hills Bank, Inc. |
| Year Established | 1999 |
| Mission | Making a difference through generations |
| Products & Services |
Deposits
Loans
Other Services
Loan Requirements
Other Policy, Benefits and Incentives
|
| CONTACT INFORMATION | |
| Address | Fortich St., Malaybalay City, 8700 |
| Phone | (088) 221-2497 / (088) 813-3990 |
| Fax | (088) 813-3990 |
| asianhillsbank@yahoo.com | |
| Website | ahbi.4t.com |
| CONTACT PERSONS | DESIGNATION | DIRECT PHONE | DIRECT EMAIL |
| Estelito, Marabe | President / CEO |
| OUTREACH AND IMPACT |
|
| Outreach Indicators |
As of December 31, 2007 |
| No. of Personnel for Microfinance | 46 |
| Outreach | |
| No. of Active Borrowers (Dalan Sa Kalamboan) |
8,305 |
| Average Loan Balance per Borrower | |
| Loan Portfolio | |
| Outstanding Loans (Microfinance) | 33,351,201.59 |
| financial data |
|
| Balance Sheet |
As of December 31, 2007 |
| Gross Loan Portfolio |
203, 469,497.88 |
| Total Assets |
276,539,240.15 |
| Total Equity | 77,286,290.53 |
| Financing Structure |
|
| Capital Asset/Ratio |
0.27 |
| Debt/Equity Ratio | 2.58 |
| Gross Loan Portfolio/Total Assets | 0.74 |
| Overall Financial Performance |
|
| Return on Assets (%) |
10% |
| Return on Equity (%) | 35.8% |