CARD SME Bank opens another branch in CEBU

CARD SME Bank opens another branch in CEBU As part of CARD SME’s objective to bring products and services closer to MSMEs, its 24th branch was opened in Talisay, Cebu last December 18, 2017. CARD SME Bank President and CEO Aristeo A. Dequito explained that the expansion is part of CARD MRI’s “5-8- 40” strategy – an aim to reach eight million Filipinos nationwide and insure at least 40 million individuals in five years. “Through this [expansion], we will be able to help the ‘graduating microentrepreneurs’ of CARD financial institutions in becoming small and medium enterprises (SMEs) by providing a platform for the clients whose businesses are growing and then bring them to the next level of banking service,” he added. The strategic objective of the bank is to offer different savings and loans designed to meet the needs of different members and clients. These include a working capital or investment loan, with loan amounts ranging from 10,000 to 5 million pesos. It also offers other loans such as housing and car loan and deposit products for clients who want to save for the future.