Consistent with the government’s thrust under the Medium-Term Philippine Development Plan (MTPDP) to spread economic development to the countryside, there are now more opportunities for rural banks to grow and provide the financing needs of their clientele.
As the economy grew more than six percent for the last six years (6.7 percent in 2017), the latest GDP data likewise showed that the National Capital Region (NCR), at 6.1 percent, grew less than the national average. This certainly means that economic activities in the provinces are expanding and growing.