Philippine Postal Savings Bank, Inc.

Philippine Postal Savings Bank, Inc. or Postbank was founded on May 24, 1906. This is the only government savings bank in the country whose mission is to serve the unbanked and underserved . The Bank’s vision, is to become a strong government bank focusing on rural development by 2020. The Bank works in synergy with the Philippine Postal Corporation (PhilPost) and its post offices all over the country to widen the financial access of the rural population. The bank has a mandate to help provide financial services in the countryside and in the process spur community development through LGU infrastructure project financing and uplifting people through livelihood and other income generating activities. Postbank recently established micro banking offices in six unbanked and underserved municipalities which shall extend micro loans to small businesses and livelihood ventures. Postbank is also strengthening its core banking product line partly to raise more capital for its new livelihood and entrepreneurial programs in the countryside