Submitted By:
Lyn Lyn Faith Gaquit
Rachel Alfaro
Christine Joy Saligumba
Creselda Hempiso
Easter Joy Gecana
Paul Castillon
Geffry Chavez
Edgardo Amar
MM 4-2
Submitted To:
Mrs. May Osano
GREEN BANK
Everything we touch GROWS…
Background of the company
Green Bank, Inc. a subsidiary bank of East West Bank, headquartered in Butuan City, is a premier multi-awarded countryside financial institution. We provide innovative range of products and services designed to quickly respond to the multifaceted-needs of individual, corporate and microfinanance clients.
The Bank has been in the front of providing responsive financial services to rural communities. It has opened proactive lending opportunities to the enterprising individual to help augment their daily quality of living. Through the bank's pioneering efforts in offering non-collaterized micro loans and savings services, it has touched the lives of the market vendors, small sari-sari store owners, small service shops and manufacturers, even those who are engaging in agricultural type of business such as farming and livestock projects. With more than 46 established branches and 94 kiosks all over Mindanao, Visayas, and Luzon regions, Green Bank has grown and expanded its banking operations to reach and delight the valued clients.
Green Bank History
Green Bank (now Green Bank,Inc.) was registered at the Securities and Exchange Commission on June 20, 1974 and started operations on April 5, 1975 .
During the Marcos regime, the bank availed of the Central Bank's rediscounting program called Masagana 99. Shortly after, the economy started to decline. Its lowest point was immediately after the assassination of Ninoy Aquino in 1983. During this entire period the bank suffered very high past due ratio because borrowers particularly the M-99 farmers did not pay their obligations. Thus, the