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Cooperative Bank of Misamis Oriental

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Business Details

Capitol Compound, Cagayan de Oro City
8.484396271380279, 124.64741885662079
http://www.cbmo.com.ph/

Quick Contact

  • (088) 856 1550

About Cooperative Bank of Misamis Oriental

Driven by strong desire, determination and commitment of the stakeholders to have their own bank, the birth of the Cooperative Bank of Misamis Oriental came into being on December 13, 1979 with initial paid up capital of only PhP576,087.53 with 268 Cooperatives and Samahang Nayon as member-incorporators. That the purpose of which the said Cooperative Bank is formed, are as follows: To carry and engage in the business of extending credit or financial assistance to all types of cooperatives and their members, small and medium scale farmers and tenants and to deserving rural industries and enterprises; and to transact all other businesses which may be legally done by Rural Banks organized under RA 720, otherwise known as the Rural Bank Act; and to do other things incident thereto and necessary in connection with said purpose within such territory as may be determined by the Monetary Board of the Bangko Sentral ng Pilipnas, and under the provision of RA 6938 otherwise known as the Cooperative Code of the Philippines. From then on the Cooperative Bank of Misamis Oriental (CBMO) is making head way propelling the socioeconomic development of Misamis Oriental, even spanning across the neighbouring provinces of the region utilizing its resources and complimented by its untiring commitment to serve the general membership and the public for over twenty-eight (28) years now.   (Source: www.cbmo.com.ph)