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AGRIBANK Opens Sablayan Branch

True to its commitment to provide banking facilities to the countryside, AGRIBANK opened its 19th branch located in P. Urieta Street, Buenavista, Sablayan, Occidental Mindoro last April 23, 2014. Sablayan Branch is the Bank’s 3rd branch in the island of Mindoro, and its two other branches are located in San Jose and Calapan.

Centrally located in the town proper, the branch is conveniently stationed along the P. Urieta Street, the main road providing access to the movement of local trade and the center of commerce and business. Sablayan is a first class municipality in the province of Occidental Mindoro, composed of 22 barangays and is considered the largest municipality in the country.

The entry of AGRIBANK in the area will not only bring additional progress to the municipality but will also allow the small and medium  business enterprise, the farmers, and even ordinary individuals to enjoy the unmatched banking service provided by AGRIBANK in various cities and municipalities in the country.  As of March 31, 2014 the Bank’s Total Assets reached P2,507.3 Billion, up by over 21% from P2,065.5 Billion the same period last year.  Total deposits amounted to P592.8 Million, an improvement of P200.9 Million from its March 2013 level of P391.9 Million while Total Capital for the same period last year expanded to P390.7 Million from March 2013’s level of P291.9 Million. Total Loans increased to P2,318.9 Million an improvement of 20.45% over its performance of P1,925.2 Million last year from a total number of almost 48,000 borrowers.