INNOBANK
Innovative Bank Inc (a rural bank)
COMPANY PROFILE
Innovative Bank Inc.(A RURAL BANK)
Rural Bank of Pililla, Inc. was founded in 1965 by the Espiritu Family. Its main office is located at F. Martinez St., Takungan, Pililla, Rizal.
It first offered banking products such as savings account deposits and certificate of time deposits, while granting agricultural and commercial loans to the community.
In 1992, the Innovative Group led by the Peralejo Family purchased the bank. Since then, the bank has realized the greatest annual average growth rate in terms of total resources, capital accounts, deposits, and net income. The new group introduced a lot of improvements in the bank’s operation, such as the comprehensive use of information technology, building and office improvements, and new products like checking accounts, payroll disbursement service, SSS remittances, payment and collection services, aside from existing micro-sized loans to the needy sector of our society.
In 1994, Land Bank of the Philippines invested in the bank in the form of preferred shares and became its partner in progress. In the succeeding years, the Bank was given accreditation by various financial institutions, thereby proving the good standing of the bank. These institutions were Development Bank of the Philippines – IGLF, Land Bank of the Philippines – CLF, Small Business Guarantee and Finance Corporation (SBGFC), Guarantee Fund for Small and Medium Enterprises (GFSME) and the Home Insurance and Guarantee Corp. (HIGC)
In 1997, the Bank changed its trade name to INNOVATIVE BANK but retained its corporate name Rural Bank of Pililla, Inc. The Bank opened its first branch in 1998 in Taytay, Rizal.The Bank opened its Microfinance unit in 2002.
In 2009, the bank’s approved name became INNOVATIVE BANK, INC. (A RURAL BANK).The bank also opened Other-Banking-Offices in Antipolo City in September 15, 2009 and in the Cogeo area in May 4 2010. April 6 2011 when the Bangko Sentral ng Pilipinas (BSP) approved the conversion of these two (2) OBOs into Micro-Banking Offices (MBO).July 18 2011, BSP approved the establishment of MBO – Imatong, and eventually transferred to its present location in Tanay Rizal.January 4 2018, when the existing Micro-banking offices (MBOs) of Innovative Bank was converted into BranchLite-Units (BLU) to accommodate other loan products offered by the bank.
OUR PARTNERS
INNOVATIVE INVESTOR AND FINANCING CO. INC.
INNOVATIVE VENTURE FINANCING CORPORATION
INNOVATIVE VANTAGE FINANCE CORPORATION
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BUENAVISTA FINANCING CORPORATION
INNO REALTY CORPORATION
FRAMEGO 101 CORPORATION
MISSION AND VISION
INNOBANK shall provide friendly and reliable financial services aligned with our customer’s evolving digital needs while preserving and improving the interest & welfare of our stakeholders. Innobank shall strive to be the leader in the rural baking category, in both loans and digital solutions.
CONCERN FOR PEOPLE
We believe that all employee and officers are given opportunities to fully develop themselves into a more valuable member of the company as well as of the society. Furthermore, we believe that all employees and officers shall receive just and decent compensation commensurate to the value added by their services in the company.
INTEGRITY AND HONESTY
We Strongly believe that a high quality of work is best achieved when there is integrity and honesty in a person's way of life, both in the workplace and in the community , he lives in.
TEAMWORK
We believe in collective efforts to attain our objectives thru teamwork and cooperation among fellow employee and that no one or no specific group can claim that he or they alone can attain it.
RESOURCEFULNESS
We believe in creating value for our company in terms of generating income and acquiring resources at a cost that is reasonable and mutually beneficial to many.
PERSONALIZED CLIENT RELATIONSHIP
We Believe in maintaining a healthy working relationship with our creditor and suppliers to ensure the timely delivery of needed material and support services and that accurate billing are paid on time
SIMPLE LIFESTYLE
The banking institution survives in the trust and confidence of the general public, we believe that any person who works for our bank shall at all times especially in the eyes of the public be morally upright and be an example of simple lifestyle.
COMMITMENT TO QUALITY
We believe that improvement in the quality of work is an on-going concern for everyone from the president down to the lowest ranked person in the organization
INVESTOR RELATIONSHIP
We believe that our stockholders shall enjoy the return of their investment as may be reasonably permitted by the company's and allowed by appropriate regulatory agency.
SOCIAL RESPONSIBILITY
We believe in being a good neighbor in the community by conserving and protecting the environment and natural resources within the areas of our operations. furthermore, be a responsible partner in nation building and economic development thru extending rural financial services to stimulate more creation of jobs.