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June 24, 2024

Rural Bank of Rizal launches affordable bank accounts and loans in Cebu City

The Rural Bank of Rizal opens 15th branch in Cebu City, offering accounts for just P100 and competitive interest rates on loans.

According to the bank’s President, Atty. Albert T. Concha Jr., they are happy to expand to Cebu City and plan to open more branches in the north and south of the province.

The bank offers accounts with a minimum maintaining balance is P2,000, as well as various types of loans such as pension, salary, car, heavy equipment, OFW (SEAMAN’s), and jewelry loans.

The Rural Bank of Rizal was established 46 years ago in the small town of Rizal, Zamboanga del Norte by Alberto Concha Sr., has experienced remarkable growth, expanding its presence to various regions including Zamboanga del Norte, Zamboanga del Sur, Zamboanga Sibugay, Zamboanga City, Misamis Occidental, Negros Oriental, and most recently, Cebu City.

Looking ahead, the bank has future plans to establish a branch in Manila within the next five years, and currently boasts a substantial customer base of over 21,000 depositors.