Rural Bank of Guinobatan clears name amid wrongful reports | BICOL TODAY

Rural Bank of Guinobatan clears name amid wrongful reports

Photo from Rural Bank of Guinobatan facebook page

By Joey Natividad

CITY OF NAGA, Bicol Region – A worried bank in Albay appealed to the public to correct a wrong impression that its name has been dragged in alleged anomalous transactions, which reports have been circulating in various social media platforms.

The Rural Bank of Guinobatan, Inc. (RBGI) is unfortunately mentioned in a video that has been circulating in different social media platforms implying that the bank is being used in facilitating transactions allegedly involving drug money.

“This allegation implicating RBGI is not only downright false but also preposterous,” said the bank in a statement sent to BicolToday.com in Naga City.

RBGI categorically denies that it has existing bank accounts with the number combinations mentioned and that any of the alleged transactions never happened involving RBGI as mentioned in the videos.

According to RBGI management, “given the nature of the bank’s small size, simple operation and microfinance niche, we do not have the capacity to handle such stupendous amount nor the facility for international money transfers. Suspicious transactions and amounts beyond five hundred thousand are automatically reported and scrutinized by the AMLC.”

RBGI strictly adheres to the Bangko Sentral ng Pilipinas’ very stringent regulations.

RBGI’s corporate values do not in any way tolerate doubtful transactions nor will it allow its facilities to be used in unscrupulous bank transactions that will not only besmirch our reputation but erode the trust and confidence of our valued clients, the bank management said.

Rest assured that RBGI will stand by the core values for which we have strongly hold for 55 years now. [BicolToday.com]

Posted by on April 25, 2019. Filed under Bicol News,Headlines. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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