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                    [ArticleID] => 236627
                    [Title] => One Network Rural Bank eyes 50% growth in net earnings this year
                    [Summary] => Newly-consolidated One Network Rural Bank is looking to gain a combined net income growth of over 50 percent, or from P135 million at the end of 2003 to P215 million this year.


One Network Rural Bank is a three-way consolidation between Network Rural Bank (Davao del Sur) Inc., the Rural Bank of Panabo (Davao del Norte) Inc., and the Provident Rural Bank of Cotabato (North Cotabato) Inc.


With a combined total assets of P2.65 billion and a deposit base of over 250,000, One Network may be the biggest rural bank in the country today. 


                    [DatePublished] => 2004-01-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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                    [ArticleID] => 236461
                    [Title] => Three-way merger to give rise to biggest rural bank in RP
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has approved a three-way merger that will result in the formation of the biggest rural bank in the country.


Wilfredo B. Domo-Ong, director of the BSP’s Supervision and Examination Department, said the Monetary Board through Resolution 1865 approved the consolidation of Network Rural Bank (Davao del Sur) Inc., the Rural Bank of Panabo (Davao del Norte) Inc., and the Provident Rural Bank of Cotabato (North Cotabato) Inc. into a single bank called One Network Rural Bank Inc.


                    [DatePublished] => 2004-01-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 223365
                    [Title] => Merger of 2 rural banks approved
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has approved  the merger of Producers Rural Banking Corp. (Producers Bank) and the Rural Bank of Rosales Inc. (ROSBANK), creating the largest bank in Northern and Central Luzon.


Producers Bank is based in Nueva Ecija while ROSBANK is located in neighboring Pangasinan.


The merged bank, to be known as Producers Bank, will become the largest in Northern and Central Luzon in terms of assets, branch network, employee workforce and capital base.


                    [DatePublished] => 2003-10-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

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                    [ArticleID] => 220612
                    [Title] => Merger forms biggest rural bank
                    [Summary] => When the Monetary Board (MB), the highest governing body of the Bangko Sentral ng Pilipinas (BSP) gives its nod, the country’s biggest rural bank will be officially formed.


To be known as One Network Rural Bank Inc., the mega rural bank (RB) is actually a result of a three-way merger between top performing RBs operating in Mindanao.


                    [DatePublished] => 2003-09-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
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NETWORK BANK

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                    [ArticleID] => 236627
                    [Title] => One Network Rural Bank eyes 50% growth in net earnings this year
                    [Summary] => Newly-consolidated One Network Rural Bank is looking to gain a combined net income growth of over 50 percent, or from P135 million at the end of 2003 to P215 million this year.


One Network Rural Bank is a three-way consolidation between Network Rural Bank (Davao del Sur) Inc., the Rural Bank of Panabo (Davao del Norte) Inc., and the Provident Rural Bank of Cotabato (North Cotabato) Inc.


With a combined total assets of P2.65 billion and a deposit base of over 250,000, One Network may be the biggest rural bank in the country today. 


                    [DatePublished] => 2004-01-27 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
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                    [ArticleID] => 236461
                    [Title] => Three-way merger to give rise to biggest rural bank in RP
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has approved a three-way merger that will result in the formation of the biggest rural bank in the country.


Wilfredo B. Domo-Ong, director of the BSP’s Supervision and Examination Department, said the Monetary Board through Resolution 1865 approved the consolidation of Network Rural Bank (Davao del Sur) Inc., the Rural Bank of Panabo (Davao del Norte) Inc., and the Provident Rural Bank of Cotabato (North Cotabato) Inc. into a single bank called One Network Rural Bank Inc.


                    [DatePublished] => 2004-01-26 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
                )

            [2] => Array
                (
                    [ArticleID] => 223365
                    [Title] => Merger of 2 rural banks approved
                    [Summary] => The Bangko Sentral ng Pilipinas (BSP) has approved  the merger of Producers Rural Banking Corp. (Producers Bank) and the Rural Bank of Rosales Inc. (ROSBANK), creating the largest bank in Northern and Central Luzon.


Producers Bank is based in Nueva Ecija while ROSBANK is located in neighboring Pangasinan.


The merged bank, to be known as Producers Bank, will become the largest in Northern and Central Luzon in terms of assets, branch network, employee workforce and capital base.


                    [DatePublished] => 2003-10-07 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

            [3] => Array
                (
                    [ArticleID] => 220612
                    [Title] => Merger forms biggest rural bank
                    [Summary] => When the Monetary Board (MB), the highest governing body of the Bangko Sentral ng Pilipinas (BSP) gives its nod, the country’s biggest rural bank will be officially formed.


To be known as One Network Rural Bank Inc., the mega rural bank (RB) is actually a result of a three-way merger between top performing RBs operating in Mindanao.


                    [DatePublished] => 2003-09-16 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1097672
                    [AuthorName] =>  Ted P. Torres
                    [SectionName] => Banking
                    [SectionUrl] => banking
                    [URL] => 
                )

        )

)

abtest

One Network Rural Bank eyes 50% growth in net earnings this year

January 27, 2004 - 12:00am

Newly-consolidated One Network Rural Bank is looking to gain a combined net income growth of over 50 percent, or from P135 million at the end of 2003 to P215 million this year. One Network Rural Bank is a three-way...

Banking

Three-way merger to give rise to biggest rural bank in RP

By Ted P. Torres | January 26, 2004 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) has approved a three-way merger that will result in the formation of the biggest rural bank in the country. Wilfredo B. Domo-Ong, director of the BSP’s Supervision and...

Business

Merger of 2 rural banks approved

By Ted P. Torres | October 7, 2003 - 12:00am

The Bangko Sentral ng Pilipinas (BSP) has approved the merger of Producers Rural Banking Corp. (Producers Bank) and the Rural Bank of Rosales Inc. (ROSBANK), creating the largest bank in Northern and Central Luzon. Producers...

Banking

Merger forms biggest rural bank

By Ted P. Torres | September 16, 2003 - 12:00am

When the Monetary Board (MB), the highest governing body of the Bangko Sentral ng Pilipinas (BSP) gives its nod, the country’s biggest rural bank will be officially formed. To be known as One Network Rural...

Banking