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Green Bank (also known as the ''Rural Green Bank of Caraga''), was a Philippine rural bank based in Butuan City, Agusan del Norte that was acquired by EastWest Bank in 2013. Prior to its acquisition it was the largest bank in the Caraga region in terms of assets, and it had 46 branches. It was also one of three rural banks to be affiliated with the Philippine interbank network BancNet since 2006. ==History== Green Bank was incorporated with the Filipino Securities and Exchange Commission as the ''Rural Bank of Nasipit'' on June 20, 1974. The bank commenced actual operations on April 5, 1975, originally to serve the municipality of Nasipit. The bank took advantage of a government rediscounting program called ''Masagana 99'', with the intention of helping poor farmers gain access to credit. However, in the 1980s, with the plunge of the Philippine economy into recession and the assassination of Benigno Aquino, Jr., Green Bank suffered a very high non-performing loan ratio due to the inability of its farmer-debtors to pay off their Masagana 99 loans. For the next few years, the bank's financial standing gradually deteriorated. In 1988 the Central bank of the Philippines, the Bangko Sentral ng Pilipinas issued Circular No. 1126 in 1988, designed to help recapitalize and revitalize distressed rural banks. In the case of Green Bank, it had arrears with the Bangko Sentral amounting to some fifteen million pesos, requiring it to recapitalize to cope with capital deficiency. Initially, stockholders refused, although some stockholders eventually agreed to aid the bank's recapitalization. In 1989, the bank's board of directors appointed Rufa C. Susan to the position of manager, helping bring the bank back to profitability. Green Bank's capital was increased from two million pesos to twenty million pesos in 1992. This was later increased to sixty million pesos and further on to five hundred million pesos. The bank merged with the ''Rural Bank of Alegria'' in 2000, becoming the largest rural bank in the Caraga region. It joined BancNet in 2006, being one of three banks that joined the interbank network. The bank followed the Grameen Bank experimentation with conversion of borrowers from joint liability loans, to individual liability loans, with no drop in repayments.〔The Handbook of Market Design Nir Vulkan, Alvin E. Roth, Zvika Neeman - 2013 - Page 254 "They conducted two experiments with the Green Bank, a Grameen-style lender in the Philippines, which conducted its redesign in stages and at centers chosen randomly. In the first experiment, some of the existing Green Bank centers, in which borrowers were receiving joint liability loans, were chosen at random to have their loans converted to individual liability loans."〕 In 2013 fellow Filipino bank EastWest Bank acquired Green Bank to expand its presence in Mindanao and increase is rural lending business. Approval was given for the acquisition in Dec 2013. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Green Bank (Philippines)」の詳細全文を読む スポンサード リンク
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