Question 1

What is Marayo Bank?

Accepted Answer

Marayo Bank is a rural bank in the Philippines that specializes in providing financial services to agricultural communities and small businesses. Founded under the Rural Banks Act of 1952, the bank focuses primarily on lending to farmers and small merchants in the provinces of Negros Occidental, Negros Oriental, and Iloilo. With over 54 years of operation, Marayo Bank has grown to become one of the largest rural banks in the Philippines, operating 14 banking units across Western Visayas.

The bank has earned national recognition for its excellence in rural financial services. In 2008, it won the Land Bank award for Most Outstanding Countryside Financial Institution, competing against 388 other banks nationwide.

Question 2

When was Marayo Bank founded?

Accepted Answer

Marayo Bank was founded on November 18, 1969, as the Rural Bank of Marayo (Neg. Occ.), Inc. The bank opened its headquarters branch in Pontevedra, a coastal town in Negros Occidental, where it remains the only banking institution serving the community.

In 2013, the bank rebranded to its current name, Marayo Bank, Inc. (A Rural Bank), reflecting its expanded regional presence and evolved service offerings.

Question 3

Where is Marayo Bank headquartered?

Accepted Answer

Marayo Bank is headquartered in Pontevedra, Negros Occidental, Philippines, located at Cortez Street, Barangay 1. The bank also maintains a main administrative office at the Ground Floor, Carmen Building, Lizares Avenue, Bacolod City, Negros Occidental.

Question 4

Where does Marayo Bank operate?

Accepted Answer

Marayo Bank operates across the Western Visayas region of the Philippines, with 14 branches and branch-lite units. In Negros Occidental, the bank serves Pontevedra, Binalbagan, Kabankalan City, Hinoba-an, Bacolod City, Mandalagan, San Carlos City, E.B. Magalona, and Cadiz City.

In Negros Oriental, the bank expanded with a branch in Dauin in 2023, serving the municipality and neighboring areas including Dumaguete City, Bacong, Sibulan, Zamboanguita, Siaton, and Sta. Catalina. In Iloilo province, Marayo Bank operates branches in Oton, Passi City, Banate, and Sara.

Question 5

What services does Marayo Bank offer?

Accepted Answer

Marayo Bank offers comprehensive banking services tailored to rural communities and agricultural sectors. Deposit products include checking accounts, savings accounts, and time deposit accounts.

The bank specializes in agricultural loans for sugarcane, rice (palay), vegetables, fruits, poultry, livestock, and fishpond/fishcage operators, offering both collateral and non-collateral options. Commercial loan products include real estate loans for agricultural, residential, and commercial land purchases, vehicle loans for trucks, automobiles, and motorcycles, and salary/pension loans for teachers and other professionals.

Loan terms range from 2 to 5 years, with interest rates starting from 4% APR for real estate loans. The bank also provides money transfer services through Western Union for overseas remittances.

Question 6

What makes Marayo Bank unique?

Accepted Answer

Marayo Bank distinguishes itself through its exceptional track record of awards and rural development impact. The bank won the Most Outstanding Rural Bank in Region VI award seven consecutive times (2001-2004 and 2006-2008), and was named Most Outstanding Rural Bank in the Philippines in 2008. For 2009 and 2010, it received the Most Outstanding Rural Bank - Hall of Fame Award.

The bank's financial ratios, including return on capital, return on assets, and capital adequacy ratio, exceed the minimum standards required by the Bangko Sentral ng Pilipinas. Marayo Bank serves many unbanked communities, being the only banking institution in several municipalities including Pontevedra and Banate, making it critical for financial inclusion in these rural areas.

Question 7

What type of financial institution is Marayo Bank?

Accepted Answer

Marayo Bank is a rural bank (bangko sa nayon), a specific type of private banking institution in the Philippines established under the Rural Banks Act of 1952. Rural banks are mandated to provide financial services primarily to the agricultural sector, lending to farmers and small merchants on reasonable terms to expand the rural economy.

As a regulated financial institution supervised by the Bangko Sentral ng Pilipinas, Marayo Bank serves as a Countryside Financial Institution (CFI) partner with Land Bank of the Philippines, receiving wholesale loans to support agricultural development and small business financing in rural communities.

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About Marayo Bank in the Philippines