CARD SME Bank, Inc. is formerly known as the Rural Bank of Sto. Tomas (Batangas), Inc. (RBSTI). It provided loan facilities to rural producers for their various productive endeavors. Being the pioneer bank to operate in Sto. Tomas Batangas, it became a catalyst for growth and progress in the municipality.

The Monetary Board of Bangko Sentral ng Pilipinas issued a certificate of authority to operate as rural bank to RBSTI on May 10, 1962 and became the 14th rural bank in the province of Batangas. It was registered with the Securities and Exchange Commission on February 7, 1962 with an authorized capital stock of one million pesos and five (5) incorporators from the Malvar and Castillo families. Two (2) branches were opened: Silang, Cavite in 1996 and Lipa City, Batangas, in August 1997. In December 2008, Silang branch was transferred to Tagaytay City, Cavite.

On July 2002, the bank encountered difficulties that led them to the decision of selling majority of the shares of stocks to CARD MRI. The Rehabilitation Court and the Bangko Sentral ng Pilipinas officially approved the sale/transfer of shares of stock on September 5, 2007 and February 7, 2008, respectively.

CARD MRI assumed the ownership of RBSTI on July 31, 2007. This strategic move will support the graduating microenterprises clients of CARD, Inc. and CARD Bank, Inc., by empowering them through continuous access to financial resources and non-financial services. CARD MRI’s social mission of poverty alleviation has been integrated into RBSTI’s microfinance operations.

On May 20, 2010, the Monetary Board of Bangko Sentral ng Pilipinas has approved the increase in the authorized capital stock of the bank from Php20 Million to Php500 Million and the number of Board of Directors from 5 to 9 members and was registered with the Securities and Exchange Commission on October 5, 2010. Subsequently on December 9, 2010, the Monetary Board of BSP through Resolution No. 1757 has lifted the Bank from Prompt Corrective Action (PCA) and approving the conversion of the operation of the bank from rural bank category to a thrift bank. The Amended Articles of Incorporation and By-Laws as a thrift bank was approved by the BSP on April 8, 2011 and was registered with SEC on May 11, 2011. The Governor of the BSP signed the Bank’s Certificate of Authority to operate as thrift bank on June 15, 2011.

On July 25, 2011, the bank has inaugurated the opening of its new Head Office in San Pablo City, Laguna and started operating under its new name “CARD SME BANK, INC., A Thrift Bank”, while retaining Sto. Tomas, Batangas as one of its braches. Afterwards, it opened additional branches in Batangas City, Sta. Rosa City and Cavite City Branch on year 2012 and Calamba City, Balayan, Batangas and Dasmariñas City in 2013.

Vision and Mission


CARD SME Bank, Inc. supports CARD MRI’s vision statement as a Group of Mutually Reinforcing Institutions that is dedicated to empower the poor by upholding the core values of competence, family spirit, integrity, stewardship, humility, culture of excellence, and simplicity. As one of the institutions that comprise the CARD MRI and in support of its mission, CARD SME envisions building a sustainable financial and capacity building institution owned and led by socially-and-economically challenged families by providing integrated Microfinance, Small and Medium Enterprise (MSME) and social development (credit with education, leadership with a heart, innovative community programs) services to an expanding membership base by organizing and empowering women and their families; and continue upholding the highest standards of stewardship of financial, human, and institutional resources.


To provide banking services especially designed for landless rural workers by bringing bank services to community sites and accommodating the least financial transactions within their affordability

 To provide collateralized and non-collateralized loans to financially excluded MSMEs but with viable, socially responsible and environmentally sustainable MSME projects.

 To grow the bank’s SME lending to become the pre-eminent SME Bank in the Philippines to be able to reach more SME beneficiaries.

Our Team


The Board of Directors is composed of seasoned professionals that are committed to the dual purpose of micro-finance banking:

Dr. Jaime Aristotle B. Alip


Ms. Mary Jane A. Perreras

Vice-Chairperson for External Affairs

Mr. Aristeo A. Dequito

Vice-Chairperson for Administration

Ms. Elma B. Valenzuela


Dr. Gilbert M. Llanto


Atty. Wilfredo B. Domo-ong


Ms. Cynthia B. Baldeo

Director/President and CEO

Ms. Chona Felesedario

Independent Director

Ms. Irene D. Arroyo

Independent Director

Ms. Maria Agnes Jopson Angeles

Independent Director

Ms. Abundia C. Manabes

Independent Director

Dr. Dolores M. Torres


Ms. Milagros C. Rojas

Corporate Secretary

Dr. Edzel A. Ramos

Assistant Corporate Secretary

Ms. Lorenza dT. Bañez

Corporate Treasurer

Cynthia B. Baldeo
President and CEO
 Julius Adrian R. Alip
Executive Vice President
Cherry A. Boncajes Jeannie T. La Rosa
VP- Operation VP- Finance
Anita F. Rapera Manolo M. Martinez
VP- Operation Vice President for Product Development and Innovative Solutions (OIC)
Florence B. Castillo Rodel T. Bombase
AVP- Operation AVP- Operation
Leonida M. Gutierrez Patricia G. Saballo
AVP- Operation AVP- Operation
Joy G. Palomique Jerry V. Montejo
AVP- SME Operation Chief Risk Officer
Dennis O. Dimaculangan  Allan D. Dimaano
AVP for Mobile Financial Services (Remittance and konek2CARD) Chief Information Officer
Benedict A. Ame Jennifer P. Masa
Chief ComplianceOfficer Deputy Director for Compliance
Mildred B. Matienzo Rossana A. Cacha
Deputy Director for Accounting Deputy Director for Risk Management unit
Lourdes A. Marasigan Maribeth C. Quilit
Regional Director Regional Director
Shielo K. Reyes Gerilyn P. Bautista
Regional Director Regional Director
Juliana M. Salcedo Noralyn D. Silvestre
Regional Director Regional Director
Mary Rose L. Venerayan Rosella F. Sansano
Regional Director Regional Director
 Amalia R. Ditchoso Jayson P. Solosa
Regional Director Regional Director
Eva O. Mandalihan Belinda F. Salazar
Regional Director Regional Director
Marites O. Angara Madonna U. Bautista
Regional Director Regional Director
Rachelle A. Colis Jelyn C. Maranan
Regional Director OIC Regional Director OIC
Eugeniano S. Gabbac Loida F. Lutado
Regional Director OIC Regional Director OIC
Jeanny Babe F. Balandra Carolyn B. Sumadsad
Regional Director OIC Regional Director OIC
Ian M. Madrona Rose Ann C. Azuela
Regional Director OIC Regional Director-OIC
Norberto A. De Guzman Jerrom A. Ibardeloza
CRMU Head Information Security Officer
Grace A. Quiñola Peter Robin C. Pasia
Marketing Manager Legal Manager
Gina L. Panelo Teresita D. Bicomong
Deputy Director for Audit Senior Personnel Manager
Ariel F. Devilla
Security Officer

CARD SME Bank Mancom

Awards and Certifications


In 2013, the CARD SME Bank, Inc. was Bangko Sentral ng Pilipinas’ second place awardee for the Financial Inclusion category. The award on Financial Inclusion recognizes BSP’s partners who demonstrate tangible results in terms of breadth and depth of outreach to the previously unbanked or underbanked.


CARD SME Bank, Inc. of San Pablo City of Laguna was named Outstanding Thrift Bank during Land Bank’s 2018 Gawad CFI Award.