Eleven (11) Enterprise Bank ATMs were activated as of September, 2014, mostly in offsite, bringing the total number of operational ATMs to 30 from 19 at the close of 2013.

Enterprise Bank has, likewise, expanded its range of remittance products with the inclusion of Dollar Buy Back program for Western Union and Transfast as well as Credit to Account facility in partnership with IME, Transfast and I-Remit Global.

The expansion of the bank’s ATM operations and remittance services was started two years ago to provide diverse banking services to every household especially in the rural areas. In 2013, the bank further grew these new business segments by doubling the ATMs and multiplied its network partners in payment and remittance. It also developed a new alliance with local electric cooperatives in Surigao and Agusan areas that earned wide advantage to its savings generation strategies.

On the other hand, the Merchant Banking Unit which was set-up in 2012, increased tie ups with 10 established remittance agents in 2013 that resulted in the increase of transactions from 15,181 to 46,973. As of end 2013, networks were developed with remittance institutions such as Western Union, Globe GCash, Xoom, IME, Xpress Money, Palawan Express, EC-Pay, I-Connect, BDO Remit, Moneygram, Smart Money, I-Remit, Global and International NGOs.

These deliberate steps to provide responsive services reflecting the goals of financial inclusion have already benefited the segments that are “traditionally unserved and underserved”. Enterprise Bank is certainly pleased to have brought a modern sphere of banking not only to its loyal patrons but to the banking public whose financial service needs also evolved over time.

Inauguration of the first offsite ATM in December, 2013 in Talacogon, Agusan de Sur in partnership with Agusan del Sur Electric Cooperative (ASELCO). In the photo are (left) ASELCO General Manager Emmanuel Galarse and (right) manager of Enterprise Bank’s ATM operations Mark Louie Salinas.

This offsite ATM located at the Municipal Hall of Baganga, Davao Oriental became operational on September 4, 2014. In the photo are (l-r) Municipal SB Secretary Jenesin Sayman Morales, Mayor Arturo C. Monday and Municipal Treasurer Norma B. Morales.

         Davao City – The Enterprise Bank, Inc. successfully held the Women Entrepreneurs Exhibit and Business (WEB) Forum 2014 at the Davao Convention and Trade Center on May 9, 2014.

          Envisioning a brighter future by helping entrepreneurs has been the thrust and goal of Enterprise Bank Incorporated since it began operations 38 years ago. All throughout its existence, the bank has been recognized for its valuable microfinance services in the rural community and it has soared to greater heights when it helped small and medium enterprises with its SME Lending program.

          Today, the former “New Rural Bank of Lianga” is still eyeing on the same goal and is playing a pivotal role in the development of entrepreneurs.

Purpose of the Event

         Admission was free for everyone who wanted to enter the exhibit area. Consumers shopped from the booths and learned about local businesses owned (mostly) by women entrepreneurs. The exhibit was a venue for these women entrepreneurs to showcase their products and services while mingling with their supporters, patrons and walk-in customers. This opportunity builds networks for all the participants in a day of fun and learning. The business forum provided the learning part of the activity to empower women with knowledge on business trends.

           WEB 2014 was in line with The Enterprise Bank’s 38^th year anniversary as one of the leading financial service providers in Mindanao.

The event was co-sponsored by the Department of Trade and Industry, People’s Credit and Finance Corp., Land Bank of the Philippines, Philippine Business for Social Progress, Malayan Insurance, Philamlife Insurance and AXA Philippines. 

Enterprise Bank’s Founder and Director Mr. Ignacito U. Alvizo

delivers a message during the event.