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Address
Calabarzon
WEBSITE UNDER DEVELOPMENT
- OR00117
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Broker Name
Contact the Broker
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Contact Number+639178988423
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Email Addresseddie.dayrit@acquirebusiness.ph
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Broker Office LocationOrtigas
Co-Broker Name
No co-brokers assigned to this listing.
About this Business
About this Business for Sale
The Bank was registered with the Securities and Exchange Commission on Sept 15, 1962 to engage in the business of extending rural credit to small farmers and tenants and to deserving rural industries or enterprises under and in accordance with Republic Act No. 7353 (Rural Banks of 1992) as it exists or may be amended.
The Bank is majority owned by three groups that hold about 90% of shares which they are selling for the above-mentioned Asking Price. The remaining shareholders may offer to sell their shares once an offer is made to purchase the shares of the majority block. The Bank just celebrated its 60+ anniversary in 2024 successfully navigating the difficult years of the Covid Pandemic.
The Bank’s approximate portfolio is as follows: Real Estate – 70M; Wholesale/Retail Trade 47M; Agri/Fishing/Forestry – 10M: Manufacturing – 1.6M; Construction 6M; Motor Vehicle – 8M; Others – 8M
The owners have decided to sell their shares in the Bank due to succession issues and the changing banking environment. Should you find the foregoing of interest, please contact Eddie Dayrit with the contact details below.
Industry
Sub-Industry
Year Established
0
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