Founded 60 years ago in 1963 by a few courageous men and women with no significant banking experience, the Rural Bank of Mangaldan Inc. has shown its capacity to adapt to challenges, both natural and man made, through the years; its resiliency and firm adherence to its core values as well as good corporate governance have allowed it not only to survive political turmoil, regional & global financial crises, and numerous natural disasters like Typhoon Pepeng in 2009 but in fact made it iconically stronger, more stable, and well prepared to face the challenges of the present, the future, all seasons. This was made evident at end of year 2022 which witnessed the passing of the CoVID pandemic as well as a much better than expected increase in the Bank’s clientele, deposits, loan portfolio, revenues, and overall performance – meaning, more significant dividends for stockholders, better take home pay & benefits for employees, improved staff capability, more advanced products & services to serve the community among other things.
To our clients, stockholders, Management & staff, and stakeholders, many thanks for your constant support. We, your Board of Directors, will endeavor to make the Bank worthy indeed of your trust & confidence and, together with you, look forward to a better 2023 and the decades to come. Mabuhay, Rural Bank of Mangaldan Inc.!
With the pandemic slowing down, The year 2023 provided us a chance to recover what we have lost during the past two years of Covid 19 pandemic. We saw and seized opportunities and with our experience we were able to withstand challenges and even came up profitable in the end.
The targets and strategic moves were pursued with vigor and enthusiasm but always keeping expenditures in check. As a testament to our steady pace, we decided to expand by putting up a new branch and for this to happen in the middle of the pandemic when so many others were closing down makes up extremely proud of our organization.
With the pandemic slowing down, The year 2023 provided us a chance to recover what we have lost during the past two years of Covid 19 pandemic. We saw and seized opportunities and with our experience we were able to withstand challenges and even came up profitable in the end.
The targets and strategic moves were pursued with vigor and enthusiasm but always keeping expenditures in check. As a testament to our steady pace, we decided to expand by putting up a new branch and for this to happen in the middle of the pandemic when so many others were closing down makes up extremely proud of our organization.
