San Narciso Rural Bank Inc. (SNR Bank) and LandBank of the Philippines are pleased to announce the signing of a Memorandum of Agreement that will enable San Narciso Rural Bank to access a hundred million peso rediscounting line from LandBank of the Philippines. This strategic partnership is aimed at supporting the growth and expansion of San Narciso Rural Bank’s portfolio, facilitating increased lending activities and furthering financial inclusion in the region.
“We are excited about this partnership with LandBank of the Philippines, as it will significantly boost our capacity to support the financial needs of our clients especially our Farmers and Fishermen,” said Atty. Elaias Timbol, President of San Narciso Rural Bank.
“This rediscounting line will allow us to expand our loan portfolio and reach more underserved communities, helping them achieve their financial goals and drive positive impact in the local economy.” Said SNR Bank Director and VP for Credit Elaine Timbol
“We are proud to partner with LandBank and support their mission of fostering economic growth and financial inclusion in the region,” said Atty. Eliel Timbol, Director and VP for finance of San Narciso Rural Bank
The signing of the Memorandum of Agreement between San Narciso Rural Bank and LandBank of the Philippines marks a significant milestone in the journey of both institutions towards greater financial inclusion and sustainable growth. This partnership exemplifies the shared commitment to innovation, collaboration, and community development.