Imus Rural Bank, Inc.

Corporate Profile

 

Imus Rural Bank, Inc. was incorporated with the Securities and Exchange Commission on February 27, 1953 with SEC Registration No. 7386. It was the second rural bank to be incorporated in the country. It was not only corporate in structure and character but truly corporate in ownership. It also has the distinction of being the first rural bank in the whole province of Cavite with its first office located in dimly-lit space inside the warehouse of former Tagapag-ampon Rice Mill in Palico. Imus, Cavite. At present, IRB, the acronym by which it is known to employees and clients alike, is now a showcase of the government's successful rural banking program. In fact, it has been fully independent of the re-discounting assistance program of the Bangko Sentral ng Pilipinas (BSP). This was made possible by the fact that the bank has, through the years, been continually increasing its capital stock in response to the increasing capital demand for credit by the agricultural sector even without any call for capital build up from the banking authorities. Aside from its role in providing credit assistance to the people of Imus and environs, the IRB not only maximized profit but also remains and continues its role as a service oriented bank. It has financed the concreting of the gymnasium at the Imus Pilot Elementary School as well as sponsoring seminars that benefited and allowed additional sources of livelihood to the people of the town through its piggery and poultry programs held jointly with the UP College of Agriculture. The Board of Directors, cognizant of the changing demographics and economic realities in its sphere of operation fully realized that the agricultural sector is now slowly diminishing and becoming minimalized. They are fully aware that the Bank must adapt to this changing times and must re-focus its thrust from the agricultural sector to the needs of the small and medium scale industrial entrepreneurs which should provide the engine for the economic growth not only of the municipality of Imus but of the whole country in general. The Bank is committed to deliver products and services that surpass customer expectations in value and every aspect of customer service, while remaining to be prudent and trustworthy steward of their wealth. This is made possible by the presence of an efficient work force of employees and staff distributed into the Main Office at Col. Sapinoso St., and its two branches located at the Imus Public Market and at Molino III, Bacoor, Cavite.

 

LIFE PURPOSE

 

To provide credit, financial and other related services in communities where Imus Rural Bank operates.

 

VISION

 

A progressive, reliable bank providing personalized, fast, efficient services responsive to the emerging needs of the community.

 

MISSION STATEMENT

 

To develop, improve and expand customer relations and bank services.

 

To generate funds from various sources to support expand and diversified services.

 

To optimize the use of assets to enhance sustainable growth

 

To create and sustain harmonious and professional relationship among staff, customers and the public for the common good.

 

To develop, establish and maintain a functional human resource development/management program.

 

To promote and foster shared values and vision.