Corporate Information

OUR VISION

Operating within the Province of Negros Oriental giving credit to the invaluable and steadfast support of 42 active primary and secondary cooperative member-investors, CBNO is now on its 24th year of banking operations.Given a number of limitations that challenge us to seek new innovations in order to sustain, improve and expand our business reach, CBNO continues to endeavor to give the best cooperative banking service it can offer to its cooperative member-investors and general clientele in this part of the country.

OUR MISSION

Responding to the needs of our clients and investors, the Bank has continued to pursue its mission to provide quality, efficient, innovative and sustainable cooperative banking service to the general public. Excellent customer relations and efficient service require that we offer a personalized approach in facilitating transactions with clients as it is apt and vital in building a good image that draws in strong public support and trust.

CBNO’S CORE VALUES AND PRINCIPLE

The Bank is committed to continuing serving today and in the years ahead and is determined to sustain and improve its performance as it braces for the greater challenge of keeping pace with the latest trends and requisites of survival in the banking business. CBNO’s commitment to quality cooperative banking service is anchored along with the principle of good governance, integrity and transparency vis a vis the cooperative principles and practices. As the public’s trust and confidence in the Bank have continued to grow and develop, made manifest by the increasing volume of transactions and increasing demand for its products and services, CBNO has claimed its place in the coop banking enterprise and has undeniably been able to carve its niche in the local market.

Of foremost importance in our agenda is to work toward long term viability and sustainability. Having seen ourselves through from a very fragile start, CBNO will continue to pursue its goals and objectives by enhancing its products and services and by building strengthened alliances with government agencies, financial institutions and active member-investors alike. CBNO’s visibility and active community involvement manifest its adherence to operating within the value of social responsibility as we extend our reach to the untapped, underserved, and marginalized sectors of society. The big task of pursuing the Bank’s plans and programs has brought everyone in the organization together, each playing an important role in contributing to what this Bank has become today.

OUR GENERAL GOAL

As CBNO is determined to perform within the cooperative banking standards, the Bank has incessantly exerted efforts to strengthen its operations and employ strategic measures that will put in place appropriate systems and procedures required to address operational risks and stringent compliance directives set by our regulatory bodies. CBNO’s goal encompasses the drive to sustain its financial capability and competitiveness through viable and effective cooperative banking services. The Bank will continue to work hard, seek innovations to further enhance and improve its performance aimed at ensuring its stability, viability, and sustainability in the years ahead.

OUR SPECIFIC OBJECTIVES

The Bank takes on the responsibility of extending assistance toward the development especially of small cooperative member-investors. This is made possible by hosting and sponsorship of required and relevant trainings. With due cognizance of the risks involved in the banking operations, CBNO aims to strengthen its Risk Management Program which include addressing the Bank’s Operational Risk, Security Risk, Legal Risk, Credit Risk, Reputation Risk, Liquidity Risk and Compliance Risk. Taking advantage of the financial resources available, the Bank has ventured into developing new products and services, moving towards diversification and expansion of its market base and adopting new technologies and marketing strategies that fit and apply to the present and future demands in the business. CBNO aims to increase its loan portfolio, deposits and capital every year. Disposal of the Bank’s acquired assets is one of the priority concerns of the Bank.

Recognizing the importance of its employees whose performance determines the future of the organization, CBNO has continued to invest in human resource development through trainings. Personnel policies which include provisions on employee benefits and welfare are in place in the Personnel Manual and the same are being implemented. The Bank values its long standing business partnerships and aims to strengthen existing connections while taking steps farther to tap new ones.

Although CBNO has gradually made a distinct name for itself in the locality, it has to maintain a reliable public information about its operations and presence purposely to further enhance its business profile and identity. The Bank’s official website which has yet to be established is one of its concerns. Being part of the cooperative sector and the local banking community, CBNO’s social responsibility and active community involvement are part of the Bank’s agenda.

CORPORATE GOVERNANCE

CBNO’s governance framework is anchored on its Corporate Governance Charter and Articles of Cooperation and By-laws duly approved and adopted by the Bank. Membership in the Board happens either by election or appointment after all qualifications and none of the disqualifications of a candidate or appointee are met. The Board, being the policy making body, takes the cudgels of leadership and sets the strategic direction including the financial targets of the Bank. It approves and oversees Management’s implementation of the Bank’s strategic objectives, risk strategies, corporate governance and values. The Board monitors the implementation and execution of strategy and performance against financial targets and observance of the rules and regulations issued by BSP, CDA, and other regulatory bodies. It also appoints and oversees the performance of executive management and checks the compliance of directives/requirements set by BSP and other pertinent agencies

The Chairman of the Board is the Chief Executive Officer of the Bank who sees to it that all orders and resolutions of the Board of Directors, the Monetary Board of the Bangko Sentral ng Pilipinas, and all rules and regulations and circulars of the Cooperative Development Authority governing cooperatives pertaining to and applicable to cooperative banks are carried out into effect.