History and Profile

IInspired by the Economy of Communion proposed by Chiara Lubich of the Focolare Movement, in 1991 IRB (Ibaan Rural Bank) embarked on an expansion program to be able to make a bigger impact, both as an employer and as a rural-based financial conduit.

Deposit generation became its major thrust, in order to wean itself away from the Central Bank and develop its capacity to operate as a stable rural bank. From 1991 to 1996, eight branches were established in various municipalities of Batangas – Calaca, Cuenca, Mabini, Nasugbu, Rosario, San Jose, San Juan and San Pascual.