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.