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is the only cooperative bank in the National Capital Region (NCR). It is a unique bank registered with the Cooperative Development Authority (CDA) as a cooperative, and with the Bangko Sentral ng Pilipinas (BSP), as a bank under the rural banking system. read more ...


The year 2012, like the previous year, was also a year of typhoons and floods. Once again, the Mindanao Region suffered the brunt of these natural calamities, especially the one brought about by typhoon Pablo. The new product line that we had launched in the early part of the year, i.e. Banana Growers Loan, has become one of the casualties. Fortunately for us our exposure there has just started and we were spared much loss. As a matter of fact, before the typhoon, we had already realized initial payments for some loans that had been granted. What is unfortunate is the loss of immediate opportunities for this kind of loans. However, like the banana growers whom we have talked with, we shall not give up. Providentially our exposure in the Tagum area has opened to us opportunities to meet new clients and discuss with them the services that MSCB offers.

 This year our Theme for our Annual General Assembly is: “COOPERATIVISM: AN ACT OF FAITH AND A WORK OF LOVE.” Many of us, if not all of us, are in the cooperative movement because we believe that God helps those who help themselves, and because we believe in what we can do together. As we say in our Cooperative Pledge: “Alone I am weak, but with others I am strong.” Also many of us, if not all of us, work in the cooperative movement as volunteers because we know that we have so much to give back to a society that has given us a lot in life. Indeed our work in the cooperatives is an act of love.

Last year you have approved a resolution authorizing MSCB to enter into a merger or consolidation with Bataan Coop Bank (BCB) and with Consolidated Coop Bank in Mindanao (CCB) after due diligence audit by the Board has been conducted. We had entered into serious talks with the banks concerned. However, because of some practical difficulties in timing/schedule of our banks and our auditors, due diligence could not be carried out. We intend to pursue this project with more determination this year.

Also last year we started to have Independent Directors as per requirement by BSP. In our discussion with BSP, we learned that Independent Directors could come from the existing Board provided that the primary coops that they represent in MSCB have less than 10% of the common shares. We now  have two such Independent Directors in the Board.

Now let me share with you some good news about Metro South Cooperative Bank (MSCB):

  1. MSCB continues to enjoy a BSP CAMELS rating of 4.
  2. MSCB has been consistently enjoying the distinction as the largest COOP BANK in terms of capitalization. In 2012 it stands at 345 million pesos.
  3. Past due rate is at a low of 6.7%.
  4. Our CAR is more than adequate at 31.4%. BSP requirement for banks is only 15%.
  5. We have signed with the DepEd a MOA for Teachers’ Salary Loan within the Metro Manila Area. This has become operational in December 2012.
  6. We have established a Satellite Office in Tagum City, Davao del Norte.
  7. We broke ground and started the construction of a building in the Kalayaan/Zapote area in Makati City. This will be our new Head Office. We hope to move in sometime in October 2013.
  8. Most importantly, we realized in 2012 a net profit of 26.8 million pesos as compared to 18.1 million pesos in 2011. This is 48% higher than last year!

In 2012, the Philippine economy got good reviews from international investors, especially because the Philippine economy has grown by 6.6%. At the same time the percentage of Filipinos living below the poverty line has remained almost unchanged in the past six years. The recorded poverty incidence for the first half of 2012 was 27.9%. The jobless rate was at 7% and the underemployment rate was at 20%. All these figures are high and they show that the gains in the economy have not been inclusive.

The good and the bad news about our Philippine situation should be all together good news for our cooperatives. The opportunities for more growth are there. The challenges for cooperatives to get involved are getting louder and more real. The fields where cooperatives can play are getting bigger and wider. Indeed, if we can put our acts together we can become a formidable force to reckon with in the Philippine economy, in Philippine society, and in the lives of our people. Indeed, this will take a lot of faith and a lot of love!

Thank you! God bless!

MSCB Head Office will be located at IDC Building, Kalayaan Street corner Zapote Street, Makati City.

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