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www.bsj.com.ph| Thursday, November 20, 2008
 

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Brief History | Vision and Values/Mission | Corporate
Brief History


BANCO SAN JUAN
GROWING TO SERVE THE FILIPINO’S NEEDS


In September of 1953, a resourceful group of bankers put up the Rural Bank of San Juan, Inc. Its aim was to provide banking service to best suit the needs of Filipinos living in the community of San Juan.

Although they began with just one establishment, the Rural Bank of San Juan, Inc. has stood its ground over the decades. It has successfully weathered a number of financial crises that have threatened the banking industry and seriously affected the national economy during the seventies and eighties.

A group of enterprising businessmen saw the bank’s strength and potential and acquired it in 1988. While the corporate name Rural Bank of San Juan, Inc. was retained, the bank was now known as BANCO SAN JUAN. With an eye for expansion and the servicing of even more clients, the new owners overhauled the whole organization to help the bank serve the Filipinos better.

The aggressiveness of the new group of investors has turned this one-unit bank into a 30-branch strong institution with more branches to open in the future! In addition, Banco San Juan has tie-ups with other leading banking and financial institutions so it can offer a wider range of services to its valued clients.

With an innovative new team, a fresh infusion of capital and the implementation of innovative financial management policies, Banco San Juan experienced unprecedented growth. By the end of 1990, Banco San Juan was ranked third among the 814 rural banks throughout the country in terms of resources. By the first quarter of 1991, it had advanced to rank second place. From January of 1993 to the present, Banco San Juan earned the distinction of being the rural bank with the largest branch network in Luzon.

Since then, the Bank has been in the forefront of providing responsive financial services to rural communities and proactive economic assistance to businessmen and in the placement of progressive investments in countryside development. With 30 branches in Luzon, BSJ have grown and expanded its banking operations to reach more clients. In 2002, Banco San Juan again pioneered rural banks and made history by becoming the first and only Rural Bank to join BancNet. This paved the way for the bank to offer innovative and non-traditional deposit products that offer convenience and value to its clients. Despite all the dynamic and positive changes in the last five decades, one thing has remained constant and unwavering – the Bank’s ardent desire and commitment “to serve the Filipino and help him fulfill his dreams.”

Through all these years, Banco San Juan has never lost sight of its goal to delight its clients and find ways to help the Filipino succeed.

Today, we continue to live everyday our mission to provide ordinary Filipinos with options and opportunities to have better lives.

     
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