66 YEARS OF COUNTRYSIDE BANKING
- February 7, 2022
Rang-ay Bank, founded on January 16, 1956 under then Republic Act 720, otherwise known as the Rural Bank Act of 1953 was established to promote comprehensive rural development with the end in view of attaining equitable distribution of opportunities, income and wealth; a sustained increase in the amount of goods and services produced by the nation and expanding productivity as a key in raising the quality of life for all, especially the underprivileged. The bank was established for the purpose of providing adequate credit facilities to farmers, fisherfolks, and small & medium scale enterprises and in general, the people of countryside communities on reasonable terms.
Rang-ay Bank, continues to be the biggest bank in its class in the Ilocos and Cordillera regions playing a vital role in the local economy by serving farmers, fisherfolk, micro, small and medium entrepreneurs and all those who seek to improve their lives by engaging in productive endeavors. It has consistently provided affordable and accessible credit to the agricultural sector, mSMEs and consumer loans. It offers borrowers a transparent application process with one of the lowest interest rates and fees in the market.
At 66, Rang-ay Bank is the oldest enduring bank in Ilocandia and one of the respected banks in the country, a stable and trustworthy financial institution bringing progress and prosperity to the communities it serves. At present, the bank has a total of 30 branches in the provinces of Ilocos Norte, Ilocos Sur, Abra, La Union, Benguet and Pangasinan. Continuing to hasten progress in the countryside through accessible and affordable banking services, the bank has become the biggest in Region I and Cordilleras.