Company Overview

A SHORT HISTORY

Janiuay Rural Bank was incorporated in October, 1956 and obtained its Certificate of Authority from the Central Bank (now Bangko Sentral ng Pilipinas) to operate as a rural bank on December 15, 1956. It opened its door that month as a full functioning rural bank in the Municipality of Janiuay, Province of Iloilo. Janiuay RB was the second rural bank established in Iloilo and one of the oldest rural banks in the country. It will be 68 years old this December 2024 and has been operating continuously and successfully, a testament to the prudent manner that the bank's owners have managed the affairs of the bank and services to its depositors and borrowers. There has been an issue of litigation against it by individuals or by the regulatory bodies such as Bangko Sentral or PDIC (which insures all deposits up to P500,000.00) and into this day, the bank has never compromised its adequacy of capital nor the safety of its depositors preferring to maintain a steady if not spectacular growth in its size.

TODAY

Over the years, through martial law, the Asian financial crisis of 1997, and most recently, the near-global collapse of major economies in 2008, marked by the significant closures of many rural banks, Janiuay Rural Bank has emerged as strong as ever. Our current Capital Adequacy Ratio, a measure of capital strength, was 23.96% as of December 31, 2017, stronger than that of many commercial banks.

As an indicator of the high regard the BSP has for Janiuay Rural Bank, it authorized the opening of a branch in Anini-y, Antique, in late 2009, while other banking institutions were embroiled in the crisis. In March 2012, the bank commenced operations of its Extension Office in Iloilo City, established primarily to service loans, particularly its teacher lending program, and to offer savings and time deposit accounts for new city depositors, as well as deposit and withdrawal services.

In September 2019, we proudly commenced the operations of our new Branch Lite Unit at the Municipality of Tapaz, Capiz, expanding our reach and enhancing our service offerings. Building on this momentum, just a month later, in October 2019, we successfully opened another branch at Concepcion, Iloilo. These strategic expansions were undertaken to better serve our growing customer base, offering a full range of loan products and deposit services, reinforcing our commitment to providing accessible and reliable banking solutions to our valued clients. Despite the challenges posed by the global COVID-19 pandemic, the bank remained steadfast, continuing to support our customers and community with stability and dedication through uncertain times.