Salmon disrupts rural banking with startup strategy for Rural Bank of Sta. Rosa

Salmon Group has disrupted rural banking with its startup strategy model for Rural Bank of Sta. Rosa by strengthening the capital base and accelerating digitalization to drive financial inclusion.

“We are injecting fresh capital to make Rural Bank of Sta. Rosa a robust financial institution by attracting notable investors such as the International Finance Corp. , Singapore based venture capital fund manager NorthStar Group and Abu Dhabi’s sovereign wealth fund ADQ,” Montemayor revealed. “The latest investment we received was $7 million from IFC last May,” he added.

Montemayor emphasized the role of technology in the development of Rural Bank of Sta. Rosa’s products and customer experience to expand its customer base beyond its physical branches. Offering a Competitive 8.88% Time Deposit Interest Rate The Rural Bank of Sta. Rosa is offering a competitive 8.88% interest rate for time deposits ofFor time deposits of PHP 50,000 – PHP500,000, the bank is offering 6% interest rate for 12 months.

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