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AGRIBANK Coron Branch, Now Open

The Management of AgriBusiness Rural Bank, Inc. (AGRIBANK), is pleased to announce the opening of its Coron Branch last September 11, 2014.  Coron Branch, AGRIBANK’s 20th branch and the second branch in the province of Palawan is located at the National Highway, Barangay 1, Poblacion, Coron.  Strategically located in the center of the municipality of Coron, the branch aims to provide the people of the island an alternative banking services that will allow the community to access affordable credit and competitive deposit products. 

 “AGRIBANK’s presence in Coron is to carry out our quest to be one of the catalysts of progress in areas where we can see flourishing tourist-related industries and businesses” said Aldous Rex A. Alingog, AGRIBANK’s Chairman of the Board, President and CEO.  As of June 30, 2014 the Bank’s Total Resources amounted to P2,668.3 Billion, P481.1 Million more than the P2,187.2 Billion registered in June 2013.  Total Loans stood at P2,454.2 Billion versus the previous year level of P2,024.8 Billion.  Total Deposits as of mid-year 2014 reached P692 Million, P238 Million better than the June 30, 2013 level of P454.9 Million while Total Capital Account reached P410.2 Million from previous year level of P339.3 Million.  Before the end of 2014, the Bank is scheduled to open a branch in Gen. Santos City, the very first branch to be opened by AGRIBANK in Mindanao.