Oct 19th 2021 – Manila Philippines.
Agribusiness Rural Bank, Inc. one of the top ten rural banking institutions in the Philippines, locally known as ‘AGRIBANK’, in a virtual signing event on Zoom signed a multi-year agreement with Geniusto to provide world class mobile banking capabilities for their customers.
Shane Hermans, President of Geniusto Philippines, signed the agreement together with Dennis Llabres (Head of Branch Banking Group) representing the bank during the virtual ceremony held on October 19th.
Danny Boy Antonio, the bank’s acting President said, “We feel that these are exciting times for AGRIBANK. Having been through a stable period of development, we see highly attractive growth opportunities ahead, working alongside Geniusto. We are laying the foundations to become ever more relevant, and to continue to extend our reach throughout the banking industry, particularly the under banked communities thru mobile services. Few years ago, it seemed that this type of service was only accessible for large uni-banks, but Geniusto has made it possible for smaller institutions to offer world class mobile banking and payment services for our unbanked and under banked rural communities”.
“Digital Transformation in Banking is reshaping the Philippines for a more inclusive future that embraces a customer-first strategy, we are very excited to work with Agribank as a digital partner and enabler of leading-edge financial technology solutions that will play an important role in helping the bank achieve its goals in servicing the rural communities”, said Shane Hermans.
AGRIBANK, established in 1978, and part of the Ropali Group of Companies (RGC), has thirty-three 33 Offices nationwide, of which twenty-one (21) are Branches and twelve (12) are Branch Lite Units.
The Bank commits to reach out to the unbanked and underbanked sector of the society by offering products and services that cater to the needs of a wider population. With more than four (4) decades of steadfast and dedicated service, AGRIBANK has grown and expanded its operations not only in the province of Nueva Vizcaya but to a larger market, operating twenty-one (21) Branches strategically located in prime cities and municipalities of Isabela, Nueva Vizcaya, Nueva Ecija, Oriental Mindoro, Occidental Mindoro, Sorsogon, Camarines Sur, Albay, Catanduanes, Palawan, Romblon, Bohol and South Cotabato. Aside from the full-service branches, it also operates twelve (12) Branch-Lites in Nueva Ecija, Aurora, Camarines Sur, Albay and Cebu, and a Business Development Headquarter in Metro Manila.
The Bank has current assets of over 3.6 Billion Pesos and offers lending facilities for agricultural production, farm machineries and the MSME’s – farm enterprises, small hold processors and producers. The Bank also finances motorcycles and residential mortgages.
Geniusto is a pre-eminent technology solutions company that provides next-gen financial software solutions and services to more than 25 countries. Working closely with local and global partners ensures that our solutions and services accelerate digital transformation, financial inclusion, financial education and economic growth. The company’s singular objective is to provide uncompromising customer services and satisfaction combined with next generation financial platforms, modernizing financial institutions for an inclusive future.
Agribank customers will begin to enjoy using the new mobile services to include balance checks, loan applications, bills payments, and merchant services by early 2022.