For the local community to grow faster, the rural bank must also continue to be the stimulus for the community. This is at the very ideal of what rural banking should be in the Philippines. There will always be a need for financial services and it is incumbent upon the RB to develop products and services that can address the requirements of its constituents.
The manufacturing PMI suggests expansion for the third month in a row, and came to 52.2 in August, from 50.5 in July, reaching its highest level since August 2008. In the same vein, since the beginning of this year there has been progress with the issue of banks’ problem loans.