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DARK_KNIGHT · 85 · 33823


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San mo nakuha yung news about Landbank awarding several rural banks?



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That's a bit hard to answer especially now that a lot of rural banks are facing the slammer.Dont get me wrong rural banks are still good investment. You need to back read on on several threads here about rural banks and you will have a inkling of  which rural bank to trust your money into. The important part is do a bit of research yourself. Personally Bank of Makati and First Country is on the top of my list but thats just me.

Bank of Makati and First Country Bank are the rural banks i have exposure with.


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Hope we could get the latest list of most stable banks for 2010.


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Hi! I am new here. Always did things on my own....until I found this site. I am not here to receive but also to give my own knowledge.

Does anyone know which rural bank is giving the best rate for time deposits? And for those who experienced having deposits in rural banks that closed, how long did you have to wait for your PDIC claim? Never invested in rural banks before but i am considering now. Kinda tiring checking technical graphs monitoring movement of stocks...although I will forever be a stock investor.  


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The reason for its closure may be debatable but its sister company did close last july 17.  


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Hmm, what's with Double Your Money in 5 years? Is that illegal now? That's only 14.87percent per annum and if the bank is lending at at 2percent to 3percent/month even only at an interest only monthly amortization with the principal payble at the end of the term, they should still be profitable. What more if the principal payments of the loans are to be amortized also monthly? In that case, 2percent/month's effective rate is not only 24% but maybe around 40% per annum.

Legacy/RBOP's DYM was offered before by agents with an interesting incentive to the depositor: advance one year interest daw. Thus, if you deposit P1M for a DYM5Years program, you receive OUTRIGHT your advance one year supposed income of P200,000!  I learned from an agent that they get a 10% commission. (I think an agent for these products should only get 1to2percent max.) Assuming that the commission is based on the net deposit of P800,000 (after deducting the 20% advance interest), what the bank actually received is only P720,000 which it should return at P2million in five years! In other words, its cost of money is no longer 14.87% p.a. only, but much more. That's why I didn't invest in their bank. (Eventualy, legacy/rbop was offering DYM in 3 years...again through agents!) I didn't invest in other rural banks because i wasn't really looking to invest with them...and no agents approached me. hehe. I was more into stocks/mutual funds.

I don't know if there is a BSP/PDIC cap on interest rates, but I think there should be. I don't know why RBOP was allowed to do it for almost a decade. Other rural banks and even bigger banks were in a way forced to increase their deposit rates because if they don't, depositors would naturally transfer their deposits from them to RBOP.

However, deposits should always be insured regardless of the interest rate (which on the other hand the PDIC should really not insure). I think this is still the rule up to P500,000. It's a question how long you get your claim.

I agree that we should ask BSP first if our deposits with these banks are really insured, specially if there is really such a rule that they won't be if they are 50% above peer banks.


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many rural banks nowadays are being bought by bigger banks...when dealing with rural banks, try to know the owners and their reputation in the community..

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The following rural banks have been recently placed under PDIC receivership:

Rural Bank of Naguilian (La Union)
Banco Batangan (Batangas)
Rural Bank of Badiangan (Iloilo)
Millenium Bank (Cabanatuan)
Rural Bank of Tagkawayan (Quezon)
Rural Bank of Banayoyo (Ilocos Sur)
« Last Edit: Aug 05, 2012, 02:07 PM by prnd32 »


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