Do you want to be the next
outstanding microentrepreneur?

Click here


 
News Highlights

Faring Better than the Other Banks

Showcasing its capability of effectively utilizing its shareholders’ investment to generate profit and grow its business, FICOBank registered a 20.07-percent return on equity (ROE) in CY 2016. This ratio gauges how much the shareholders earned for their investment to the Bank.

Based on the data published by the Bangko Sentral ng Pilipinas (BSP), this 20.07-percent ROE of FICOBank is much better than the ratios recorded by the other banking categories (rural/cooperative banks with 9.00 percent, thrift banks with 10.52 percent and universal/commercial banks with 10.49 percent), as well as that of the Philippine banking industry (with 10.46 percent). This high ROE of FICOBank is a vital indication that its business is well-managed and is faring better than the other banks in terms of ROE

Financial analysts consider an ROE of at least 15 percent as an attractive level of investment quality (source: www.investopedia.com). A company with an ROE of 20 percent or above is considered a good investment (source: www.economictimes.indiatimes.com). Premising on these views by the investment experts, FICOBank has been, and is always, “true to form” in its commitment to creating more value for its investors, as it was able to record above 20-percent ROE over the past years.

The President & Chief Executive Officer of the Bank, Atty. Hubert E. Molina, made the briefing in the morning of June 15 at the Harvest Hotel in Cabanatuan City, Nueva Ecija. He rendered a masterful presentation about FICOBank and its business environment, organizational structure, institutional pursuits, business models, products and services, performance scorecard, awards and recognitions, and future growth paths.

It is also noteworthy that FICOBank has remained adequately capitalized despite the fact that its equity base is merely internally generated and that no fresh capital infusion has been made so far. As of end-2016, the Bank has recorded a capital adequacy ratio (CAR) of 17.6 percent. Its CAR is comparatively far beyond the 10-percent and 8-percent minimum regulatory/supervisory requirements of the BSP and the Basel Committee on Banking Supervision (BCBS), respectively.

 

 

 

 

Inter-Branch Deposit Online Money Transfer SSS Payment Collection Western Union Money Transfer GCash Money Transfer BDO Remit MoneyGram
Loan Products Deposit Products
Corporate Profile Corporate Identity Visual Identity Milestones Corporate DNA Strategic Pursuit Plan Framework Leadership Structure Market Footprints