WELCOME to Cooperative Bank of Benguet Website.
We are pleased to offer personalized cooperative banking
and microfinance services to people with small means
aiming for asset building.
NEWS AND UPDATES
HAPPY FOUNDATION ON OCTOBER 1, 2014!
IT'S 22 YEARS OF COOPBANKING SERVICES
TO THE PEOPLE WITH SMALL MEANS AND COOPERATIVES.
(In partnership with Community Based Business Cooperation Foundation, Inc.)
|DATE OF TRAINING................
||TITLE OF COURSE OFFERING..............................
|Re-scheduled towards the 4th Quarter 2014
|October 15-18, 2014
|November 3-4, 2014
|November 5-6, 2014
|Novenber 6-8, 2014
Venue: FCSME Admin. Bldg., Farmers Center, Puguis, La Trinidad, Benguet
For reservation, contact: Ms. Anabelle Dao-anes, CP # 09301998777
"21 YEARS OF COOPERATIVE BANKING SERVICES"
The Cooperative Bank of Benguet (CBB) celebrates its 21 years of Cooperative Banking services to the Province of Benguet, City of Baguio, La Union, Pangasinan and adjacent municipalities. CBB opened its coopbanking services on October 1, 1992 and will continue to serve the coopbanking needs of cooperatives, small and medium enterprises (SMEs), small farmers and Indigenous artisans.
CBB extends its warmest appreciation and thankfulness to the continous trust and patronage of cooperatives, farmers, household savers, entreprenurs, artisans, and development partners.
"FOUR REGIONS, ONE VOICE"
Delegates from Cooperative Bank of Benguet joined the business leaders of the Cordillera Administrative Region in participating the 22nd North Luzon Area Business Conference held at the Aquino Convention , Tarlac City last August 23, 2013. The North Luzon Business Area comprises of four Regions, namely, Cordillera Administrative Region (CAR), Region 1, Region 2 and Region 3. The business leaders coming from these four regions had an opportunity for a one-on-one discussion-consultation with Senator Alan Peter Cayetano to express with “ONE VOICE” their business communities’ interests and concerns in the hope that the national government will consider their particular and unique needs to eventually include them in the formulation of national plans to usher in economic development for the respective regions.
In response, Senator Cayetano said that a unified clamor for development in the regions direct from the business community will compel government to listen and respond accordingly. He further stressed that the national government has its limitations especially on the reliability and accuracy of vital information coming from the regions, thus a regular direct consultations with each region’s business community is necessary so that intrinsic potentials, essential capabilities and distinctive opportunities that can be harnessed from each region will form part of the comprehensive and germane strategic development plan for Central and Northern Luzon Regions.
The Honorable Senator offered his availability to sit down and be partner with business leaders to craft a unified vision and strategic development plan for each region and for Central and Northern Luzon Regions that will consequently be elevated to the national leadership for consideration and integration into the Comprehensive Development Plans and Strategy for the country.
& BANGKOOP's 25TH Annual General Assembly
July 29-30, 2013
Hotel Supreme Convention Plaza, Baguio City
The Cooperative Bank of Benguet had successfuly co-hosted the above stated affairs with the Theme: "working together in beating the odds for 2013 onwards..."
National personalities that graced the occasion: Ms. Chuchi G. Fonacier,, Managing Director-SE II of Bangko Sentral ng Pilipinas; Ms. Filipina Monje, Vice-President of Land Bank of the Philippines; Mr. Ramon C. Yedra, Deputy Executive Director of Agricultural Credit Policy Council; and, Dr. Orlando Sacay. Local personalities that also graced the occasion were: Hon. Nestor B. Fongwan, Provincial Governor of Benguet represented by Mr. Paul Bagano; Hon. Edna C. Tabanda, Municipal Mayor of La Trinidad, Benguet; and Hon. Mauricio Domogan, City Mayor of Baguio City represented by Mr. Raffy Tallocoy.
21st Shareholders General Assemby
Your Bank held its 21st Shareholders General Assembly at Farmers Center, a facility managed by FCSMEC Federation of Cooperatives, on March 23, 2013. The GA was graced by CDA Regional Director Franco G. Bawang Jr., the guest of honor and speaker.
Cooperative Bank of Benguet introduces its Automated Tellering Machine (ATM) Card Savings Account
To keep abreast with the evolving needs of the Bank’s clients, Cooperative Bank of Benguet introduces its ATM Card Savings Account. The Bank’s ATM Card Savings Account is a non-interesting Savings Account wherein a monthly statement of Account shall be given to the client instead of issuing a passbook.
The good thing of using an ATM is the fact that you can travel anywhere without handling cash thus you can access to your money instantly. Clients can avail also with Fast Cash transactions, Fund Transfer, Checkbook Request, Bills payment and so other services of the Bank’s ATM facility.
The Bank invites then everyone to open their ATM Card Savings Account to avail of the said facility.
Cooperative Bank of Benguet’s 20 years in banking services to the Province and adjacent municipalities in Benguet and Baguio City.
For twenty (20) triumphant and blissful years, COOPERATIVE BANK OF BENGUET (CBB) is still on its vigorous service to the Province and adjacent municipalities in Benguet and Baguio City.
Reminiscing its twenty years in the banking service, CBB were successfully registered as a financial institution under the Philippine laws, regulated and supervised by the Bangko Sentral ng Pilipinas( formerly Central Bank of the Philippines) and the Cooperative Development Authority, offering cooperative and rural banking, and micro finance services.
From its humble beginnings, it was in 1990 that the idea of owning a cooperative bank have fired the interests of the cooperative leaders in Baguio and Benguet after attending an LBP-sponsored seminar on “Development and Management of Cooperatives” facilitated by LBP Field Office Manager, Leon Cabradilla. A special committee was created to plan and organize a congress among cooperatives operating in Baguio-Benguet to decide organization of a cooperative bank and a federation. It was formally opened in early 1992 by about 24 cooperative societies (at present there less than 200 cooperative owners) and was then registered with the Cooperative Development Authority as a special Cooperative on June 8, 1992 and with the Central Bank of the Philippines, now Bangko Sentral ng Pilipinas, as a rural bank financial institution on May 15, of the same year.
CoopBank does then enthusiastically celebrates in spirit its 20 years in the banking business where it humbly started on October 1, 1992. Meanwhile, it was after four (4) years of operation, the CoopBank obtained an approval with the Bangko Sentral ng Pilipinas to open two (2) branch offices in 1997 and in year 2008, opened its third branch at Rosario, La Union.
Furthermore, the Farmers Commodities and SME Center wishes the Bank more blissful years in the banking service.
Innovative Financing Project: The Farmers’ Commodities and SME Center
One of the Cooperative Bank of Benguet innovative financing project is the Farmers’ Commodities and SME Center facility (or Farmers’ Center for short) located at Puguis, La Trinidad, Benguet. It was formally opened for business on November 28, 2011. A simple program was prepared by the officers for the launching activity of the Center.
The Farmers’ Center was established through the collaborative efforts of six (6) cooperatives and the Benguet Organic Coffee Arabica Enterprises Limited, Inc. (BOCAEL). The six (6) collaborating cooperatives are Bad-ayan Buguias Development Multi-purpose Cooperative; Benguet Operators and Drivers MPC (formerly BODA MPC); La Trinidad Vegetable Trading Post MPC; Progressive Citizens MPC; Tomay Credit Cooperative; and, Kibungan Employees MPC.
To professionally manage the day-to-day operations of the facility, the Collaborative Group organized the Farmers’ Commodities and SME Center, Inc. It was registered at the Securities and Exchange Commission as non-profit organization. This is the first of its kind business model in the Province of Benguet. A facility majority owned and controlled by cooperatives but professionally manage by a subsidiary entity.
Major Initiatives of CoopBank of Benguet
* Initiative to support Arabica Coffee Industry
* Initiative to support Highland Agriculture Development and Diversification
* Initiative to support Rediscovering Culture thru Ethnic Food Improvement
* Initiative to support Organic Agriculture Development