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Banco San Juan, formally known as the Rural Bank of San Juan, is one of the largest rural banks in the Philippines, ranking second in terms of resources. The bank is headquartered in Makati, Metro Manila. It has the distinction for being the first rural bank to join an interbank network, namely BancNet, and the rural bank with the largest branch network on the island of Luzon. The bank was founded in 1953. Prior to its acquisition, the bank has at least 30 branches in Metro Manila and Luzon.[1]
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| Company type | Private |
|---|---|
| Industry | Finance and Insurance |
| Founded | San Juan, Philippines (1953) |
| Headquarters | Makati, Philippines |
Key people | Oscar Inocentes, Chairman Jobel G. Chua, President and CEO |
| Products | Financial services |
| unknown | |
Number of employees | 250 |
On May 28, 2011, it was announced that Banco San Juan was to be acquired by Banco de Oro Universal Bank. The acquisition was formalized in May 2012 after the Bangko Sentral ng Pilipinas (BSP) let the transaction proceed.[1] By May 2023 BSP has closed down its branch in Southern Leyte.[2]
References
edit- ^ a b Torres, Ted P. (29 May 2012). "BDO acquires Rural Bank of San Juan". Philstar.com. Retrieved 16 February 2024.
- ^ "Monetary Board orders closure of another rural lender". BusinessWorld Online. 30 May 2023. Retrieved 16 February 2024.
External links
edit- "Banco San Juan Homepage". Archived from the original on 26 February 2006. Retrieved 16 February 2024.
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