About RBank

Subsidiaries and Affiliates

COMPANY OVERVIEW

LSB, a wholly owned subsidiary of the Bank, is a thrift bank primarily engaged in deposit-taking and lending activities. LSB was acquired in 2012 by the Bank under the BSP strengthening program for thrift and rural banks. LSB implemented various key expansion initiatives. In its nearly five decades of operating in the Bicol region, LSB took the opportunity to span its countryside reach in another fastest growing region in the country - CALABARZON. LSB had already expanded its reach in Calauag, Quezon and recently expanded its scope to Iriga City, San Fernando City, Pampanga, and Dasmariñas City making its total network consisting of 13 branches and 4 Branch-Lite Units. As LSB continues to focus on ramping up its high-yielding loan portfolio, it already acquired accreditation for providing teacher’s salary loans under the Department of Education’s Automatic Payroll Deduction System (APDS) and had implemented the said system in 2018. LSB also recognizes the important role of MSMEs in elevating the lives in the community as it aggressively rolled out its microfinance business. In 2019, aligned with the parent bank’s core income thrusts, LSB was able to contribute Php125,666,513.00 in income versus 2018’s Php9,872,906.00 (highlight 1172.84% increase). LSB also added one branch in Iriga City, Camarines Sur, bringing its total branch network to 17. LSB also has 18 ATMs as of December 31, 2019. Board of Directors/Officers Directors: 1. Omar Byron T. Mier – Chairman 2. Elfren Antonio S. Sarte – Vice Chairman 3. Mykel D. Abad – Director 4. Angelito V. Evangelista – Director 5. Eric B. Santos – Director 6. Andro M. Yee – Director 7. Roberto S. Gaerlan – Independent Director 8. Victor V. Laynes – Independent Director 9. Hermogenes S. Roxas – Independent Director Key Officers: 1. Mykel D. Abad – President* 2. Rommel D. Meniado – Chief Operating Officer* 3. Roel S. Costuna – Corporate Secretary and Legal Unit Head 4. Aileen Mary C. Ejercito – Asst. Corporate Secretary 5. Eleanor Leni M. Ante – Treasurer 6. Trisha Marie Gerette B. Guttierrez – Officer-in-Charge for Risk Management Unit Head 7. Kareen R. Villareal – Chief Compliance Officer* 8. Cynthia C. Bautista – Chief Audit Officer 9. Evie B. Abraham – Human Resource Management Group Head 10. Ma. Socorro S. Liganor – Retail Banking Group Head 11. Erlinda O. Del Villar – Operations Head 12. Victor C. Dela Cruz Jr. – Lending Head* 13. Abundio B. Blanquisco, Jr. – Branch and Administration Operations Department Head 14. Jason-Dennis R. Sambitan – Information Technology Department Head 15. Adrian T. Llana – Credit Cycle & Operations Head 16. Carmela Monica C. Borromeo – Officer-in-Charge for Controllership 17. Rodolfo T. Quinto – Chief Security Officer

PRODUCTS AND SERVICES