New Rural Bank of San Leonardo (N.E.) Inc.

NRBSL started to operate in the municipality of San Leonardo, province of Nueva Ecija, Central Luzon after the BSP granted it license to operate in 1993. Year after year it was rated highly by the BSP as NRBSL increased its clientele and continued to find ways to improve the plight of the enterprising poor and help develop sustainable communities. NRBSL was born out of the longing of development practitioners from the nonprofit, non-government, and professional banking sectors to alleviate, if not eradicate, poverty in the Philippines. Through the Interchurch Organization for Development Cooperation (ICCO), a Netherlands-based development financing agency, the intrepid founders of NRBSL found the light and reason in banking with the poor. At the helm of the Bank is the visionary and innovative Andres 'Boypee' G. Panganiban, the first CEO and president of NRBSL. Once a top executive of Chase Manhattan Bank and a development advocate as well, Panganiban combined professional management and banking expertise with a heart for the disenfranchised and marginalized sectors of society. With the emergence of NRBSL, rural banking was never the same again.