CBI is No. 3 Most Outstanding CFI in PH
Shown in the photo are (from left to right): Domingo Diaz, LBP Director, Reydeluz Conferido, DOLE Undersecretary, Crispino Aguelo, LBP Director, Cecilia Borromeo, LBP Exec. Vice President, Gilda Pico, LBP President, Nestor Espenila, BSP Deputy Governor, Lt. Gen. William K. Hotchkiss III (Ret.), CBI Chairperson, Celeste Burgos, LBP First Vice President and Jimmy Arco, LBP Agusan del Norte Lending Center Head.
Cantilan Bank, Inc. was once again awarded by the Landbank as one of the top Countryside Financial Institutions (CFIs) in the country. CBI received the award for third most outstanding CFI in the Philippines and hailed as the best CFI intermediary with the lowest pass-on rate. Among all the financial institutions throughout the Philippine countryside, Cantilan Bank offers the most reasonable interest rates in all of its loan products.
This is the fourth year in a row that CBI was recognized by the Landbank for its great contributions in providing excellent financial services to rural areas.
The award was received by CBI’s Chairperson, Lt. Gen. William K. Hotchkiss III (Ret.) during the awarding ceremony on August 15, 2014 at the Diosdado Macapagal Hall, Landbank Plaza in Malate, Manila.
The awarding ceremony was attended by the Rural Bankers Association of the Philippines (RBAP), Cooperative Banks Federation of the Philippines (BangKoop), Chamber of Thrift Banks, other government agencies and senior officers of Landbank headed by their President and CEO, Gilda E. Pico.
Founded in 1980, Cantilan Bank, Inc. (CBI) is one of the leading community banks in the country with Corporate Headquarters in Cantilan, Surigao del Sur. It has 22 Branches and 15 Micro-banking Offices which are all strategically located across CARAGA and the rest of Eastern Mindanao to reach the unbanked and underbanked populations of rural Mindanao.
Currently, CBI has P1.65 billion pesos in total assets and provides financial services through its network of 22 branches, 15 micro-banking offices, and 14 ATMs that are strategically located across Caraga, Compostella Valley, Davao del Norte, Davao Oriental and Southern Leyte.
Cantilan Bank was recently awarded by Landbank of the Philippines as one of the Top 3 Outstanding Countryside Financial Institutions in the country having the lowest pass-on rate and by the BIR as the number one corporate taxpayer in Surigao del Sur. Its microsavings product for students was also recognized as the best in the country by the Rafael B. Buenaventura Foundation. For more information on your friendly community bank, visit www.cantilanbank.com