CARD MRI RIZAL BANK, Inc., A Microfinance-Oriented Rural Bank (Formerly : Rizal Rural Bank (Taytay), Inc.) was founded in May 1996 by Atty Gregorio and Ms. Filomena Suarez, both veterans of the Bangko Sentral ng Pilipinas, to serve the community in Taytay, Rizal where their famiy resides. The bank also provided various financial as well as consultancy services to the people of Taytay.

On August 1, 2012, the Center for Agriculture and Rural Development, Inc. (CARD, Inc.), CARD Bank, Inc, and individual investors submitted its intent to purchase 100% ownership of the bank. Thus, on October 11, 2012 the CARD Mutually Reinforcing Institutions (CARD MRI) group and the Suarez family had a formal signing to signify the official sale of CARD MRI RIZAL BANK, Inc. to the CARD MRI Group.

Implementation of microfinance program was then started by applying the CARD MRI methodology of transitioning evaluated clients from Taytay Units 1 and 2 of CARD, Inc. This is parallel to the objectives of the CARD MRI Group: serving the socially-and-economically challenged families.

Bangko Sentral ng Pilipinas officially approved on January 25, 2013, through Monetary Board Resolution 155, the transfer of 100% ownership of CARD MRI RIZAL BANK, Inc. to the CARD MRI Group including the transfer of RBI’s head office to Sta. Cruz, Laguna and establishment of additional three branches and ten (10) Micro-banking Offices.

Vision and Mission


CARD MRI RIZAL BANK, Inc. is a world-class leader in microfinance and community-based social development undertakings that improves the quality of life of socially and economically challenged women and families towards nation building.


CARD MRI RIZAL BANK, Inc. is committed to:

  • Empower socially and economically challenged women and families through continuous access to financial, microinsurance, educational, livelihood, health and other capacity-building services that eventually transform them into responsible citizens for their community and the environment;
  • Enable the women members to gain control and ownership of financial and social development institutions; and
  • Partner with appropriate agencies, private institutions, and people and community organizations to facilitate achievement of mutual goals.

Our Team

Mr. Aristeo A. Dequito


Ms. Elma B. Valenzuela


Dr. Dolores M. Torres


Mr. Julius Adrian R. Alip


Ms. Marie Josephine M. Ocampo


Ms. Julieta A. Miranda

Independent Director

Ms. Marlene Algire

Independent Director

Ms. Leonora S. Lasco

Independent Director

Ms. Suzette S. Marquez

Independent Director

Dr. Jaime Aristotle B. Alip

Board Adviser

Ms. Natividad N. Alejo

Board Adviser

Ms. Elma B. Valenzuela

President and CEO

Lyneth L. Derequito

Sr. Executive Vice President/COO

Ms. Juliana B. De Leon

Executive Vice President

Ms. Ma. Adoracion M. Ola

 Vice President for Operations

Ms. Mary Grace Vergavera

Vice President for Finance and Accounting

Mr. Hilario Umiten Jr.

Chief Compliance Officer -OIC

Josef M. Leron

Vice President for Risk Management – OIC

Mr. Pedro L. Maniebo

Assistant Vice President for Operation – OIC

Ms. Nenia I. Peralta

Assistant Vice President for Operation – OIC

Ms. Medelyn K. Alimagno

Assistant Vice President for Operation – OIC

Ms. Venus J. Manrique

Regional Director

Ms. Ruby Anne D. Suministrado

Regional Director

Ms. Rebecca F. Ano-os

Regional Director -OIC

Mr. Florante F. Andaya

Regional Director-OIC

Mr. Robert F. Urgino

Regional Director-OIC

Mr. Roneil Ganohay

Sr. Area Manager

Ms. Clarissa C. Bolivar

Sr. Area Manager

Mr. Mark Jayson Soriano

Sr. Area Manager

Ms.  Ma. Theresa Boncodin

Sr. Area Manager

Ms. Jhenny Logdat

Sr. Area Manager

Ms. Lyne Inot

Sr. Area Manager

Mr. Heric Acbayan

Sr. Area Manager

Ms. Ma. Cecilia Comaling

Sr. Area Manager

Mr. Ronie Brandez

Sr. Area Manager

Mr. Joseph Potestades

Sr. Area Manager


Mr. Joseph Tabora

Deputy Director for Audit -OIC

Ms. Maria Ernelyn D. Dajao

Director for IT Operations -OIC

Ms. Grethel Besonia

Deputy Director for HR -OIC

Mr. Oliver G. Quinay

Deputy Director for Konek2CARD

Mr. Glenn C. Matienzo

Information Security Officer

Mr. Alex B. Benitez

Marketing Officer

Mr. Ronelio Estoya

Deputy Director for IT Operation