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Rang-ay Bank opens Bacnotan Branch

The Philippine STAR 08/01/2006

Rang-ay Bank is opening its 13th branch in Bacnotan on Aug. 3 as it strengthens its regional leadership among rural banks. And two more branches are poised to open in the next few months – one in Naguilian and another in La Trinidad, Benguet.

The new branch, located at the New Public Market in Poblacion, Bacnotan reaffirms its status as the rural bank with the largest network of branches in the Ilocos and Cordillera regions.

Bacnotan will also be a full-service bank offering various banking services from deposits-taking to lending operations for small and medium enterprises (SMEs), instant salary loans to public school teachers, LGUs, barangay officials and SSS pensioners. It will also offer foreign and domestic remittance through Western Union, UniTeller, RCBC Telemoney and Pinoy Express Padala.

The Bacnotan branch will be a full-service bank offering various banking services from deposits-taking to lending operations for small and medium enterprises (SMEs), salary loans to public school teachers, local government units (LGUs), barangay officials and SSS pensioners. It will also offer foreign and domestic remittance through Western Union, UniTeller, RCBC Telemoney and Pinoy Express Padala.

Rang-Ay Bank has alliances with the Rizal Commercial and Banking Corp. (RCBC) and Banco de Oro Universal Bank (BdO). Citibank is reportedly holding talks with the Northern Luzon-based rural bank as well as 20 of the biggest RBs in the country for the same purpose.

It has forged alliances with Globe Telecommunications and Smart Telecommunications for the remittance business under the SMS-based programs known as “G-Cash” and “Smart Padala”, respectively. – TPT