STOCKHOLDERS’ MEETING

Rang-ay Bank held its annual Stockholders’ Meeting at the bank’s Head Office in San Fernando City, La Union last April 28, 2019.

          Chairman of the Board, Ives Nisce recognized the hardwork and dedication of officers and staff in maintaining the status of the bank as the biggest bank in its class in the entire Ilocos and Cordillera Regions with twenty-nine (29) banking offices. The bank also reached another milestone by breaching the P3Billion mark in total resources as of December 31, 2018. Compared to the previous year, the bank posted a growth of 17% in total assets to reach this new plateau.

          Chairman Nisce also presented the bank’s highlights for the year 2018. One is the BSP’s renewal of the bank’s authority as accredited Rural Financial Institution (RFI) for Agri-Agra Compliance. The bank also received the 2018 Balikat ng Bayan National Award from SSS. Other accomplishments are the opening of two branches in San Fernando City and Rosario, La Union and engaging local communities through Corporate Social Responsibility (CSR) projects.

          The bank offers regular and special deposit accounts, time deposits, demand deposits and Kiddie savers deposit accounts to its clientele. The hard work and dedication of Rang-ay bankers under the leadership of its officers, contributed to the bank’s continued growth. The bank’s growing loan portfolio is a concrete manifestation of the bank’s fulfillment of its mission to make credit readily accessible to the countryside. Loans extended to borrowers show lending to agriculture and SME still a large part of Bank’s loan portforlio.

          With the continuing trust of depositors & clients, the diligent efforts of officers & staff and the steadfast support of directors & stockholders, the bank is ready to face the challenges of a rapidly evolving economicenvironment.