name: 1st Valley Bank
1st Valley Bank is a Philippine development bank. In terms of assets, it is ranked third in the Philippines. The bank is headquartered in Baroy, Lanao del Norte, and its business covers: Mindanao, Lanao del Norte, Lanao del Sur, Western Misamis, Eastern Misamis, Bukidnon, Zamboanga del Norte, Zamboanga del South, and Zamboanga Sibu grid.
1st Valley Bank’s main customers include small and medium enterprises and farmers. Its bank loans are mainly used to produce coconuts, corn, rice and fish. The bank also provides funds and other banking services to small-scale commercial, industrial and agricultural, aquatic enterprises or diversified breeding enterprises of partners of the Ministry of Agriculture. It has a special loan program to serve salaried individuals and small entrepreneurs.
1st Valley Bank is a merger of two banks: the Rural Bank of Kapatagan Valley and the Rural Bank of Sinacaban in Misamis Occidental. It was established in Kapatagan, Ranao del Norte, Philippines in 1956. Its president and chief executive officer is Nicolas Lim. In 2006, its net profit was 33.26 million Philippine pesos.
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