RBAP-MABS honors the 6th batch of EAGLE Achievement Awardees

USAID/Philippines Mission Director Jon Lindborg congratulated RBAP-MABS for its continued success and the EAGLE awardees for their excellence in rural banking and microfinance.

USAID/Philippines Mission Director Jon Lindborg congratulated RBAP-MABS for its continued success and the EAGLE awardees for their excellence in rural banking and microfinance.

In continued celebration of progressive banking and microfinance, the Microenterprise Access to Banking Services (MABS) honored this year’s three rural bank champions of rural banking and microfinance operations in an awards night held at the Hyatt Hotel and Casino in Manila on May 12, 2009. GM Bank, Rural Bank of Santo Tomas and Rural Bank of Oroquieta were all given due honor and recognition for their exemplary performance in the industry in the year 2008. The award was based on the Efficiency, Asset Quality, Growth, Liability Structure, and Earnings (EAGLE) assessment system drafted by MABS.


The annual EAGLE Awards is MABS’ way of recognizing its excelling partner rural banks based on MABS’ annual assessment of its partner banks’ performance. With its first batch of EAGLE awardees in 2003, MABS makes use of a number of indicators for the five abovementioned criteria making up the word “EAGLE” in determining how these banks are implementing their microfinance services. The results of the annual assessment are presented to the rural banks in a score card format along with written analyses and recommendations for improvement. Those that met MABS’ standards for excellence are awarded the EAGLE Achievement Award.

This year’s awardees were recognized not only for their outstanding performance but also for other special points that made their banks stand above the rest. GM Bank, for instance, was commended for its top management executives who are champions of microfinance, strong middle management, and dedicated field staff; its focus on customer service, having product reviews and modifying products based on market research; commendable use of technology to improve its operations; and its bold expansion through new products and new markets. The Rural Bank of Santo Tomas, on the other hand, was commended for its noteworthy balance between growth and asset quality, remarkable microfinance loan portfolio growth of more than 67%, growth in the number of active borrowers by more than 56%, and a maintained portfolio-at-risk rate of less than 3%. Lastly, RB Oroquieta was commended for effectively balancing growth and asset quality, and for having more than a hundred percent rate increase in both the number of microborrowers and gross microloan portfolio in 2008 while keeping its average portfolio at risk ratio more than 30 days below 5%.

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Joining in with the celebration and the recognition of these banks are Rural Bankers Association of the Philippines (RBAP) President Tomas S. Gomez IV; United States Agency for International Development (USAID) Philippines Mission Director Jon Lindborg; Microfinance Information Exchange (MIX) Manager for Asia Elizabeth Larson; Globe Telecom President Ernest Cu; Mindanao Economic Development Council (MEDCo) Chairman, Undersecretary Virgilio L. Leyretana, Sr.; Bangko Sentral ng Pilipinas (BSP) Deputy Governor Nestor A. Espenilla, Jr.; and USAID Contracting Officer’s Technical Representative Teresita Espenilla.
The EAGLE Achievement Awards night is part of the 2009 MABS National Roundtable Conference also held at the Hyatt Hotel and Casino in Manila on May 12-13, 2009.

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  1. [...] May last year, MABS named three of its outstanding participating banks as the EAGLE Achievement Awardees for 2009. These were GM Bank, Rural Bank of Oroquieta and Rural Bank of Santo [...]