ONE NETWORK BANK
One Network Bank, also known as ONB, is a rural bank based in Davao City in the Philippines. Formed in 2004 through the consolidation of Network Rural Bank of Davao del Sur, the Rural Bank of Panabo of Davao del Norte and the Provident Rural Bank of Cotabato, ONB is the largest rural bank in the Philippines in terms of assets, with a network of 75 branches and 78 ATMs (as of 2009) throughout the provinces of Mindanao, including seventeen localities where it is the sole provider of financial services.
It is the first rural bank in the Philippines to receive the nod of the Philippine Clearing House Corporation (PCHC) to establish a checking account, as well as to have its cheques cleared directly by the PCHC, instead of an intermediary bank. It is also an equity member of MegaLink, one of the first banks in Mindanao to join an interbank network.
Our Vission
One Network Bank is the leader in the Philippine Rural Banking industry with a nationwide network of branches, operated be highly motivated professionals, with a deep sense of mission, providing the state of the art technology and quality banking services especially for countryside clients.
Our Mission
• Expand presence in the countryside.
• Ensure wholistic development of human resources.
• Provide modern and responsive financialproducts and services.
• Provide innovative and quality lending approaches to agri-business.
• Forge alliances with financial institutions, governments organizations and non-government organizations.
About:
ONB’s core operating philosophy “Pera ng Minadanao”, Para sa Minadanao” has touched many lives. This movement intends to bring economic growth by keeping Mindanao’s money invested in Mindanao and its people- a direct challenge that ONB is painstakingly taking and driving into its full completion.
As rural bank devoted to this call, ONB is continually investing in beefing up its branch network. Going beyond the tradional mindset of setting branches only in Mindanao’s megacenters, ONB bravely extends its reach even to the remote and unbanked regions to become logistically closer to more and more small account clients , to date, the bank has identified around 40 growth areas for this expansion.
Complementing these investments in branch infrastructure, ONB also utilized its resources to deliver financial products and services using modern banking technologies at par with those offered by commercial banks and yet affordable to small account clients.
ONB further believes on the power of its well-defined market niche—the small accounts in countryside. In fact One Network Bank achieved tremendous growth and profitablity by embracing the small accounts culture in banking, as can be seen in its earning records, allowing the bank to widen its services and expand its branch of banking tio more and more sectors in rural Mindanao.
In lan where there is full potential of agricultural resource, ONB also provoides more and better financial assistance for the small farmers and growers through the event of One Agricultural Programs.
Grounded philosophy , ONB has been regarded as the manifestation of this commitment that no other fianancila institution can fully give—help Minadanao reach its fullest economic potential for the benefit of its deserving inhabitants.
“Pera ng Mindanao, Para sa Mindanao”
• Rural Bank of Panabo, Inc. (RB Panabo)
RB Panabo has been servicing Davao Province since 1967. While it was the component bank with the fewest branches, it provided technical and logistical support to its partner banks. Many of the banking systems and procedures used by its partner banks came from RB Panabo.
RB Panabo received its authority to operate from the Bangko Sentral ng Pilipinas on February 11, 1967. Founded by Dr. Luis A. Buenaventura, Jr., the Bank started as a small company with a simple premise; to bring quality financial services to the community, delivered with warm human touch. It was in 1980 that RB Panabo saw the start of its rise to prominence in the rural banking industry with the induction of Alex V. Buenaventura as President of the bank. RB Panabo was a recipient of many prestigious awards from various finance industry groups and was consistently listed among PDIC’s Top Ten in terms of net income.
• Network Rural Bank, Inc. (NB)
Originally the Rural Bank of Davao City and operating four branches across Davao City, it was merged in 1993 with 5 other rural banks — Community Rural Bank of San Isidro (Davao Oriental), Rural Bank of Governor Generoso (Davao Oriental), Rural Bank of Pantukan (Compostela Valley), Rural Bank of Bayugan (Agusan del Sur) and Rural Bank of Kalamansig (Sultan Kudarat) – and renamed as Network Rural Bank.
RB Panabo’s success was such that also in 1993, Network Rural Bank, Inc. asked Alex V. Buenaventura of RB Panabo to take over its helm. Mr. Buenaventura’s acceptance brought his leadership and rural banking experience into Network Bank. This move was the start of a long-standing partnership between the two rural banks.
In its 11 years of existence, Network Bank became a giant in the Philippine rural banking industry. From 9 branches in 1993, NB expanded to 33 branches in Mindanao.
The cooperation between Network Bank and RB Panabo did much to enhance both financial institutions and maximize client’s benefits. Shared policy formulation brought out the best of both banks and created a “two banks, one system” framework.
The ties between the two banks even went so far as to spur the creation of another strong financial institution, what may be called the offspring of the RB Panabo and Network Bank.
• Provident Rural Bank of Cotabato (ProBank)
In 1996, Network Bank and a group of Cotabato investors, led by the Diocese of Kidapawan, acquired a rural bank in Central Mindanao called the Community Rural Bank of Matalam. Re-launched under a new name, Provident Rural Bank of Cotabato (Probank), a known Cotabato banker, Elpidio F. Masbad III, took over the reins as president of Probank.
From total assets of P5 million with P3 million owed to BSP, ProBank grew to a P 235 million bank with 7 branches in its 7-year run. The rapid turnaround can be attributed to aggressive marketing campaigns as well as logistic and systems support from Network Bank.
With a strong third partner in place, the basis for cooperation was set and the “three banks, one system” approach was formed.
• The Network Rural Banking Group (NRBG)
Working in parallel with similar systems was however not enough for the three rural banks. In 1996, RB Panabo and Network Bank entered a “mutual purchase” or stock swap arrangement. With Network Bank owning 49% of ProBank, the stockswap arrangement brought the three banks closer. This paved the way for the conception of The Network Rural Banking Group (NRBG).
The Network Rural Banking Group was created in 1998 when Network Bank, RB Panabo and ProBank resolved to operate as a single unit with joint policy formulation made possible through a common Executive Committee and synchronized systems and procedures. Sharing common central office services such as human resource development, legal services, treasury, product development, information technology, internal audit and appraisal, in effect, contributed to the rapid growth of the partner banks.
SAN PEDRO BRANCH
THERESA GRANADEROS
San Pedro St., Davao City
Tel. nos. (082)2213219/2214510/
(082)222-1730
Telefax Nos. (082)2213220/2213190
References
http://www.onenetworkbank.com.ph/
http://en.wikipedia.org/wiki/One_Network_Bank
http://www.bdo.com.ph/Personal_Banking/Remitta
No comments:
Post a Comment