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News Highlights

FICOBank Breaches the Php4-Billion Mark in Resources

Over four decades, from the day it launched its banking services to the public, FICOBank was able to achieve its greatest milestone ever—breaching the Php4-billion mark in resources. As of December 31, 2017, the total assets of the Bank settled at a historic high of Php4.11 billion.

The Bank has been remarkably successful in building up its level of resources after it had reached the first billion-peso record in 2008. With its strong market position and reputable corporate brand in its geographic areas of operation, the Bank had notched up earlier on its resources to Php2 billion in 2011, and then to Php3 billion in 2014.

This new record represents a Php350.73-million increment in resources, from that of 2016’s Php3.76 billion. Moreover, the Bank wrapped up the year, in review, with a net income of Php131.52 million, a deposit liability of Php2.30 billion, a loan portfolio of Php3.04 billion and capital accounts of Php762.62 million.

As it is firmly focused on its strategic framework, dubbed FICOBank 2020, the Bank is expected to prevail over its challenges and emerge as a dominant community bank in North Luzon, with a resource base of about Php5.3 billion by end-2020.

 

 

 

 

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