Insular Rural Bank, Inc.
is a rural bank, which was granted authority to operate by Central Bank of the Philippines (now Bangko Sentral ng Pilipinas) on January 22 1997 pursuant to Monetary Board (MB) Resolution No. 1039 dated October 2, 1996. It was incorporated on January 20, 1997 and formally started operations on February 14, 1997 with an initial capital of P8.000 million. The Bank was founded by Majalco Group, through its realty arm MJ Realty Holdings, Inc. It currently services Las Pinas City and eventually will expand to other locations. The Bank offers various bank product lines. It is actively engaged in auto loan financing and refinancing and also microfinancing with priorities in small and medium enterprises (SMEs) and microlending. Answering the call of the Government to provide new livelihood to the urban poor, it catered to the rising needs of the residents especially the underprivileged and those living in depressed areas in Las Pinas City.
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