An analysis of the growth and development of the Philippine National Cooperative Bank

Abstract

The most serious and pervasive problems of the Philippines since the last decade have been economic.

The aforementioned ills and depressing economic situations prompted the passage of Republic Act 2023, otherwise known as the Philippine Non-Agricultural Cooperative Act on June 22, 1957, and the establishment of the Philippine National Cooperative Bank on February 20, 1960.

After a decade, the Philippine economic setting has hardly changed. A reassessment of the growth and development of the Philippine National Cooperative Bank is, therefore, timely.

This study attempted to trace the growth and development of the Philippine National Cooperative Bank (PNCB). It was also the purpose of this study to find out how far the PNCB has achieved its objectives, in the opinion of the PNCB Board of Directors and of the PNCB Branch Managers. Different employees were done to ascertain the need to amend, repeal or change the PNCB law; the percentage of average rate of growth or regression of the bank resources, loans and advances, investments, deposits, paid-in capital; results of operations; personnel and cooperative membership; management of the Filipino Retailers’ Fund; trends as indicated by the records of the last nine years; bank policies or practices that should be retained or improved and those that should be discarded or changed; and the effect of the establishment of the PNCB on the cooperative movement.