ONLINE STOCKHOLDERS’ MEETING 2022
Rang-ay Bank held its Annual Stockholders’ Meeting via videoconference last April 30, 2022. The yearly meeting of the bank’s shareholders allows management to report the company’s business operations for the year 2021 and to elect the Board of Directors.
In 2021, on its 65 Years of Countryside Banking, Rang-ay continued to perform banking services and extend loan despite the ongoing pandemic. 31% of the bank’s loanable funds were released to agricultural projects, agri-business and farmers. The bank was once again accredited as a Rural Financial Institution (RFI) by the Bangko Sentral ng Pilipinas during this period. Likewise, the bank continues to support local businesses by lending to micro, small and medium enterprises (mSMEs). Rang-ay Bank also renewed its Accreditation for Automatic Payroll Deduction Scheme (APDS) by Department of Education (DepED) under IBM Code no. 300 allowing the bank to continue its Salary Loan Program to teaching and non-teaching personnel of public elementary and secondary schools in Ilocos and Cordillera Regions.
Rang-ay Bank formally inaugurated its Aringay, La Union Branch as part of the 65th Anniversary celebration. The bank now has 30 banking offices, serving six (6) province in Northwestern Luzon. Rang-ay Bank branches also marked our 65 year milestone by conducting community projects in the communities where branches are located. Rang-ay Bank also support the government vaccination program to prevent the spread of Covid 19. As frontline economic workers, 100% of the bank employees have already been fully vaccinated with many offices receiving safety seals.
The meeting of the bank’s shareholders saw the re-election of the incumbent seven (7) Directors – Ives Nisce, Leticia Asenci, Mario Galvez, Flora Ignacio, Ivy Rose Martinez, Ives Jesus Nisce II and Jose Osias. Chairman Nisce acknowledged the bank’s officers and staff for their hard work and dedication as Rang-ay Bank maintained its position as the No. 1 bank in its class in the Ilocos and Cordillera despite the challenges brought about by the pandemic. He also thanked steadfast support of directors, stockholders and the local communities it serves for their continued trust and support of their local bank.
RBAP MEETING IN LA UNION
Last April 22, 2022, the Rural Banker’s Association of the Philippines (RBAP) conducted its monthly Board Meeting at One Nisce Place Function Hall in San Fernando City La Union which was attended by RBAP directors from all over the country. The RBAP is the national association of rural banks, founded in 1955 and has since grown into a network of over 400 rural bank members nationwide with a network of more than 3,000 branches/offices covering some 80% of all municipalities and cities in the Philippines.
Later, On the same day, RBAP conducted a meeting with some federations at Awesome Hotel, San Juan La Union. The Federation meetings were participated by sixteen (16) Officers from La Union Chamber of Rural Bankers Inc., three (3) officers from Association of Pangasinan Rural Banks, Inc. and seven (7) officers from Federation of Baguio-Benguet-Mt. Province Rural and Cooperative Banks. RBAP President Atty. Albert T. Concha Jr. discussed the association’s accomplishments for the fiscal year 2021- 2022. The federation meeting aims to touch base with rural banks from La Union, Benguet and Pangasinan.
RANG-AY BANK AT 66 “AGSERSERBI MANIPUD 1956”
- February 19, 2022
“Rang-ay” is the Ilocano word for progress. Since the institution’s foundation in 1956, it has remained true to its name. As an institution, Rang-ay Bank serves as a catalyst for development and prosperity within our local communities. The bank aims to empower the rural communities and gain trust of the people in depending on a bank to become their primary financial access point.
Rang-ay Bank celebrated its 66 years of countryside banking with a recognition and awarding program participated by its officers from 30 branches via teleconference. The event was held at One Nisce Place (ONP) Events Hall in San Fernando City, La Union last February 19, 2022.
The event started with opening remarks from Chairman Ives Nisce who shared his story when he took over as the President and became the youngest rural bank chief executive of his time. Part of the program was Rural Bankers Association (RBAP) President Atty. Albert Flint Concha who delivered his greetings to Rang-ay Bank virtually. In his message, he congratulated the bank in celebrating its 66 founding celebrating its 66 founding anniversary and for being a part of the economic frontliners who provide financial services during the Covid-19 pandemic. The bank also recognized the invaluable contribution of outgoing Director Reynaldo Nisce. Director Nisce is an active and conscientious member of the Board of Directors for 13 years (since 2009), helping Rang-ay Bank to become the leading bank of its class in Ilocos and Cordillera Regions.
The program is not merely a celebration of the bank’s 66 years of success but also a platform to recognize and award the top-performing Branches and Head Office units for the 2nd semester as well as for the whole year of 2021. Rang-ay Bank also organized a pinning ceremony for the newly promoted officers for their continuous dedication in achieving the bank’s mission and vision. The anniversary ended with closing remarks from Rang-ay President & CEO Ives Jesus Nisce as he looks forward to 2022.
Congratulations to Rang-ay Bank President & CEO Ives Jesus Nisce II, elected as Corporate Treasurer of Chamber of Real Estate & Builders Association, Inc. La Union Chapter 2022-2023.
Chamber of Real Estate & Builders Association, Inc. (CREBA) is a private non-stock non-profit corporation established under Philippine law. CREBA’s membership includes developers of land,housing subdivisions, condominiums, industrial estates, resorts, hotels and retirement facilities; home builders; brokers; building contractors; professionals in the fields of urban and environmental planning, architecture, engineering, and real estate management; property appraisers; financial advisors; and suppliers of land development and construction inputs.
