Bukidnon Cooperative Bank

HISTORICAL BACKGROUND

The Bukidnon Cooperative Bank formerly Cooperative Rural Bank of Bukidnon started its operation on September 11, 1977 aiming to engage business of extending credit to all types of cooperatives and members, the hope that the members had been counting on to free them poverty.

The Birth of CRBBI has been spearheaded by 15 authorized representative from the incorporating Kilusang bayan Farmers, Barrio Cooperative and/or Samahang Nayons.

After more than twenty years of operation, the Bukidnon Cooperative Bank slowly niche its way in the Banking Operation in Bukidnon by gaining back the trust and confidence of the people and had been making name on its own and has been recognized by acclaimed award giving bodies by naming the Bukidnon Cooperative Bank as the Most Outstanding cooperative Bank in the Country.

Today, the Bukidnon Cooperative Bank had been serving the people of Bukidnon through its 4 branches strategically located to cater most of its farmer clients and had been providing employment to many. From the original 11 man staff, the bank presently employed 60 management staff to serve the clients in the most effective and efficient way.

 

GENERAL INFORMATION
Name of MFI BUKIDNON COOPERATIVE BANK (formerly Coop. Rural Bank of Bukidnon)
Year Established  1977
Mission  
Products & Services

Microfinance Loan Product

  1. Sikap Loan

Savings Product Offered

  1. Compulsory Savings Deposit
  2. Regular Savings Deposit

 

CONTACT INFORMATION
Address San Victoresi St., Malaybalay City, 8700 Bukidnon, Philippines
Phone (088) 813-2700 / 221-4514
Fax  (088) 221-4514
Email bcbmain@yahoo.com

 

CONTACT PERSONS DESIGNATION DIRECT PHONE DIRECT EMAIL
Ms. Wilhelmia P. Ferrer General Manager (088) 813-2700 bcbmain@yahoo.com
Mr. Marietto G. Ga Chairman    
Mr. Reynold G. Kilem Microfinance Manager    

 

OUTREACH AND IMPACT
Outreach Indicators
As of December 31, 2007
No. of Personnel for Microfinance 26
   
Outreach  
No. of Active Borrowers 2,754
Average Loan Balance per Borrower Php 60,557.13
   
Loan Portfolio  
Outstanding Loans (Microfinance) Php 15,358,126.60
Collection Rate (Year to Date) 97%
PAR rate (1 day) 14%

 

financial data
Balance Sheet
As of December 31, 2007
Gross Loan Portfolio
Php 166,774,328.00
Total Assets
257,019,324.00
Total Equity 39,201,297.00
   
Financing Structure
 
Capital Asset/Ratio
0.19
Debt/Equity Ratio 4.20
Gross Loan Portfolio/Total Assets 0.65
   
Overall Financial Performance
 
Return on Assets (%)
3%
Return on Equity (%) 16%