OUR COMPANY

Camalig Bank Inc. (A Rural Bank), formerly known as The Rural Bank of Camalig (Albay), Inc. started its operations on June 6, 1969. The setting up of the bank was in response to the Central Bank's call to provide credit and financial services to the countryside.

Camalig Bank has initially offered credit facilities to the agricultural sector. In later years, services were extended to salary, developmental, small and medium enterprises, real estate, microfinance, and DepED APDS loans (Department of Education Automatic Payroll Deduction Scheme). The changing need of the communities we serve has led to the expansion to several other products including financing for gadgets, vehicles, and heavy equipment. These loan types are introduced to meet business and personal needs of Bicolanos in the hopes of spurring the local economic activities.

Camalig Bank prides itself on a healthy deposit portfolio deeply rooted in the trust afforded to us by our clients. We have a wide selection of deposit products tailored to help our clients start with their financial journey and achieve maximum growth potential for their savings.

Fast forward to fifty years since our humble beginnings, Camalig Bank has gone to great lengths of transforming from a single branch to now a solid institution with region-wide presence through our 16 branches and 5 branch lite offices.

We are a financial institution committed to supporting our clients’ well-being. We share your aspirations of receiving financial assistance through competitive rates and competent service. We ensure the practice of good corporate governance and prudent decision making in all transactions, at all times.

A Trusted Rural Banking Partner

There are plenty of banks to go to for your banking needs, but what sets us apart is that we pride ourselves in ensuring that our client gets the most pleasant experience that will make you want to say that with Camalig Bank, you are “Banking with Confidence.”

As the leading home-grown rural bank in Bicol, we surmounted numerous challenges, strived to maintain decades of lasting and meaningful relationships, and remained steadfast in delivering quality, friendly, and personalized service to our clients.

Our guiding principle and overall mission are to be the trusted partner in providing innovative, accessible, and wide-reaching financial products and services in the countryside. We have sustained this mission and are poised to continuously assert this position through our efforts to walk the talk as embodied in our company values.

Our Commitment Translated to Numbers

With our decades of service, we endeavored to maintain financial stability in our operations

2020 ANNUAL REPORT
2019 ANNUAL REPORT
2018 ANNUAL REPORT
2017 ANNUAL REPORT

*Based on latest prescribed computation of BSP / Basel 1.5

Relationship. Connect positively

We value healthy and positive relationships in all our connections and dealings. We listen and communicate openly. We respect diversity, ideas and beliefs among ourselves. We offer personalized service and sincere partnerships to our clients and our community. We value effective teamwork and deep commitment to group decisions and actions. We believe that banking is all about relationship and the greatest reward we can have is when the people we wish to serve choose to bank with us.

Integrity. Be worthy of trust and respect

We demonstrate Integrity by remaining transparent in our dealings, being consistent, sincere and honest in all the things that we do. We match what we say with our actions. We see the connection of credibility, public trust and long-term success. We formulate sound policies to heighten understanding and professionalism to avoid situations where personal interests may conflict or appear to conflict. Whatever we have to offer, we assure that it is fired with a moral obligation to do business.

Service. Go the extra mile

Our clients are the reason for our business. We affirm this through personalized service that always looks for appropriate yet convenient ways of doing business with us. We are responsive, attentive, accessible and reliable when it comes to their financial needs. Most importantly, we value their feedback so we can improve our brand of service, elevate it above the competition and satisfy their financial needs.

Excellence. Become better

We believe that in order to be effective, the Bank must be run efficiently with the highest and superior standards in the industry. Therefore, we go beyond mere compliance and continually challenge ourselves to improve, overcome barriers and remain passionate in what we do. We achieve excellence by seeking the best talent through promotion of personal and professional development and instilling a high level of dedication and professionalism based on shared values.

Stewardship. Create value and do our part

We put significance in our stewardship role by being passionate and accountable in all our actions and decision. We are committed to create value not only to our business but also to our clients, partners and shareholders. We preserve institutional memory and honor the heritage of our past leaders by building on the foundation that is laid for us. We strive for unity and continuity. We do our part and remain prepared to successfully pass the baton at the right time to the capable hands of the next generation.

Mission

To be the trusted partner in providing innovative, accessible and wide reaching financial products and services in the countryside.

Vision

We will be the leading financial institution in the Bicol Region by focusing on the following:

• Serving the underserved markets
• Building a robust and dynamic organization
• Building efficient and reliable processes
• Creating a wider reach
• Achieving superior financial performance
• Becoming a trusted rural banking partner