Question 1

What is One Cooperative Bank?

Accepted Answer

One Cooperative Bank (One CB) is the largest cooperative bank in the Philippines by assets. It was formed through the successful consolidation of three major cooperative banks: Metro South Cooperative Bank, Consolidated Cooperative Bank, and Bataan Cooperative Bank. Operating under the supervision of the Bangko Sentral ng Pilipinas, One CB provides comprehensive banking and financial services to cooperatives and individual members across the Philippines.

Question 2

When was One Cooperative Bank founded?

Accepted Answer

One Cooperative Bank was officially registered on January 25, 2023, following the consolidation of its three constituent banks. The bank commenced operations to the general public on February 27, 2023. This consolidation marked a historic milestone as it was approved under the Bangko Sentral ng Pilipinas' consolidation framework, creating the Philippines' largest cooperative bank by assets.

Question 3

Where is One Cooperative Bank headquartered?

Accepted Answer

One Cooperative Bank is headquartered in Makati City, Metro Manila. The head office is located at IDC Centre, Zapote Street corner Kalayaan Avenue, Barangay Sta. Cruz, Makati City 1205, Philippines.

Question 4

Where does One Cooperative Bank operate?

Accepted Answer

One CB operates across the Philippines with a network spanning Luzon and Mindanao. The bank has 13 offices including 5 full branches and 5 branch lite units and satellites. Major service areas include Metro Manila, Central Luzon, Southern Luzon, and Mindanao, providing the cooperative banking sector with nationwide reach.

Question 5

What services does One Cooperative Bank offer?

Accepted Answer

One Cooperative Bank offers full banking, savings, financial, and credit services designed for cooperatives and their members. Services include deposit accounts (savings and time deposits), lending and credit facilities, remittance services, and technology-driven financial solutions. The bank provides both financial and non-financial services to cooperative and non-cooperative members, focusing on promoting financial inclusion through digitalization.

Question 6

What makes One Cooperative Bank unique?

Accepted Answer

One CB represents a landmark achievement in Philippine cooperative banking as the first and only consolidation approved under the cooperative bank consolidation program. By merging the resources and expertise of three established cooperative banks, One CB created a stronger, more resilient institution with significantly enhanced lending capacity. The bank's vision is ambitious: to become the financial and non-financial services center for the majority of cooperatives in the Philippines through digitalization and achieve ₱20 billion in assets by 2030.

Question 7

What type of financial institution is One Cooperative Bank?

Accepted Answer

One Cooperative Bank is a Cooperative Bank in the Philippines. Cooperative banks are specialized financial institutions primarily owned by cooperatives and established to serve the banking needs of cooperative members and their communities. Under Philippine banking regulations, cooperative banks operate under the supervision of the Bangko Sentral ng Pilipinas and must comply with both banking laws and cooperative principles, providing accessible financial services while promoting cooperative values and inclusive growth.

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About One Cooperative Bank in the Philippines