Question 1

What is Rural Bank of Loon (Bohol), Inc.?

Accepted Answer

Rural Bank of Loon (Bohol), Inc. is a single-unit rural bank serving the municipality of Loon in Bohol province, Philippines. As a community-based financial institution, it provides essential banking services to residents, farmers, and small business owners in Loon and surrounding areas in the Central Visayas region. The bank operates under the supervision of the Bangko Sentral ng Pilipinas (BSP) and is a member of the Rural Bankers Association of the Philippines (RBAP).

Question 2

When was Rural Bank of Loon (Bohol), Inc. founded?

Accepted Answer

[Information not publicly available]

Question 3

Where is Rural Bank of Loon (Bohol), Inc. headquartered?

Accepted Answer

The bank is headquartered along the National Highway in Cogon Norte, Loon, Bohol 6327, Philippines. The location is strategically positioned across from the Loon Municipal Building along the Tagbilaran North Road, making it easily accessible to residents and visitors in the municipality.

Question 4

Where does Rural Bank of Loon (Bohol), Inc. operate?

Accepted Answer

Rural Bank of Loon (Bohol), Inc. operates as a single-unit bank serving Loon municipality and nearby communities in Bohol province. The bank focuses on the local market within the Central Visayas region, providing financial services to communities along the northern coast of Bohol island.

Question 5

What services does Rural Bank of Loon (Bohol), Inc. offer?

Accepted Answer

As a rural bank, the institution offers core banking services including savings deposits, time deposits, and various loan products designed for agricultural, commercial, and personal financing needs. The bank provides credit facilities to support farmers, fisherfolk, small merchants, and micro-enterprises within its service area. Standard rural banking products typically include agricultural loans, business loans, housing loans, and multi-purpose loans tailored to the needs of rural communities in Bohol.

Question 6

What makes Rural Bank of Loon (Bohol), Inc. unique?

Accepted Answer

As a single-unit rural bank dedicated exclusively to serving Loon, the institution maintains a highly localized approach to community banking. Its focused presence allows for personalized service and deep understanding of Loon's specific economic activities. The bank operates without a physical website, reflecting a traditional, relationship-based banking model that emphasizes personal connections with customers and intimate knowledge of local economic conditions.

Question 7

What type of financial institution is Rural Bank of Loon (Bohol), Inc.?

Accepted Answer

Rural Bank of Loon (Bohol), Inc. is a Rural Bank, a specialized category of financial institution in the Philippines established under Republic Act No. 720 (the Rural Bank Act of 1952). Rural banks are designed to provide accessible financial services to rural communities, particularly supporting agricultural development, fishing industries, and small-scale commerce. They are regulated by the Bangko Sentral ng Pilipinas and play a crucial role in promoting financial inclusion in underserved areas throughout the Philippine islands.

Rural Bank of Loon (Bohol), Inc.

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