Building Local Economies Through Lasting Partnerships

Collaboration work, forging alliances and partnership-building have always been the strategy of the New Rural Bank of San Leonardo in pursuing its mandate as a development finance institution and in meeting its business objectives. Starting in 1994 with a co-financing agreement with a foreign partner, the next 27 years of steady growth was nurtured by the Bank’s cooperation with various funding and guaranteeing institutions, development organizations, government agencies including systems and technology solutions providers among others. Most of these institutional relationships are long-standing reckoned from initial deals that progressed overtime to multiple transactions and new opportunities. These ties have been sustained and strengthened by mutual trust and reciprocal benefits the parties derived from the engagement towards the fulfillment of shared advocacies. The recent and current involvements of NRBSL are marked by the same synergy to work with partners and to support peers in the industry. See More.....

In almost four years as program partner, NRBSL has sustained its role as among the premiere lending conduits of the Agricultural Credit and Policy Council (ACPC) in the service of its targeted sectors of small farmers and agri-business enterprises in the countryside. NRBSL is on-boarded in practically all credit program offerings of ACPC and a regular participant in its various campaigns and activities. Back in November 2020, NRBSL received anew from ACPC another approval that brings to P120M the fund allocation for the implementation of Micro and Small Agribusiness Loan Program (Agri-Negosyo or ANYO) alone excluding other programs funds the Bank received in the course of the partnership. Included in this funding is the servicing of vendors' associations and agri-based entrepreneurs in high-demand markets in Metro Manila. See More.....

NRBSL takes pride in the election of its very own Senior Vice President and Chief of Staff Marcelo N. Jampil as Director of RBAP for FY2021-2022 during the association’s General Membership Meeting held last May 25, 2021 via teleconference. SVP Jampil representing Region III-A is joined by 14 other esteemed representatives from across the country to take on the leadership role on behalf of 413 member-banks. The Directors of RBAP are screened according to qualification standards set under its By-laws and are endorsed by their respective regional and provincial federations which MNJ adequately possesses.
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From a nationwide selection, NRBSL emerged as among the six (6) pilot banks to undertake AVCF under the joint project of Asian Development Bank ADB) and the Bangko Sentral ng Pilipinas (BSP). As early as 2016, the BSP had issued Circular No. 908 on agricultural value-chain financing framework. Through this regulatory issuance, BSP aims “to provide better access to credit for the agriculture and fisheries sectors” and to encourage banks to lend more to them using incentives and allowing innovative ways to mitigate credit risks.
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Soon after Philippine Guarantee Corporation (PhilGuarantee) was created out of a merger and consolidation of five Philippine Guarantee Programs and Agencies as directed under Executive Order No. 58, its officers were quick to note NRBSL’s distinction as among the very few banks with accreditation in most of these guaranteeing institutions. Living up to its reputation, NRBSL is the only rural bank in a field of six pioneering financial institutions chosen by PhilGuarantee to join a Signing Ceremony for SME Credit Guarantee Facilities held August 5, 2020. In an official letter dated September 8, 2020, PhilGuarantee approved in favor of NRBSL P150 million SME Credit Guarantee Facility under MSME Credit Guarantee Program. Earlier in April 2020 PhilGuarantee’s Board of Directors issued an approval on behalf of NRBSL for a P400 million retail guaranty line for housing through Home Guaranty Corporation (HGC). Including its P250 million guarantee line with the Agricultural Guarantee Fund Pool (AGFP), NRBSL’s approved credit guarantee facilities under the umbrella of PhilGuarantee and its attached agencies is P800 million in total.