RB Cuyo Opens New Branch In Subic Bay Freeport Zone
The Rural Bank (RB) of Cuyo (Palawan), Inc. held an opening ceremony for itβs branch in Subic Bay. Established in 1979, the bank has been the sole local level banking organization operating to serve primarily the residents of Cuyo with baking and financial services.
Seeking new opportunities and accepting new challenges, RB Cuyo, has chosen Subic Bay for its first branch due to its similarity to Cuyo, a closely knitted community, and also due to its diversity where people from many different countries converge together to do business in the Freeport.
βWe are banking on our time-tested close rapport with our clients for that personal touch in providing banking servicesβ, said Rafael Francisco Amparo, President of the bank. βA bank of our size could also be an advantageβ, he added, a reference to RB Cuyoβs lean and agile decision-making structure compared to bigger banks that have too many clients to provide personalized services.
With great acceptance and overwhelming response of the branchβs offers to the local communities, Mr. Amparo also contentedly shared that the loan target set for the branch for this year has been met. βWe have just started, and weβre looking forward to doing more exciting things with our Subic Bay Branch for the rest of 2021β, he said.
