09/01/2023
FICOBank Breaches the Php5-Billion Mark in Resources
For over four decades in cooperative banking, FICOBank was able to achieve its greatest milestone ever—breaching the Php5-billion mark in resources. As of December 31, 2022, the total assets of the Bank settled at a historic high of Php5.51 billion.
The Bank has been remarkably successful in building up its level of resources after it had reached the first billion-peso record in 2008. With its strong market position and reputable institutional brand in its geographic areas of operation, FICOBank had notched up earlier on its resources to Php2 billion in 2011, to Php3 billion in 2014, and then to Php4 billion in 2017.
Also, the Bank wrapped up the year 2022 with total deposits of Php3.10 billion, a loan portfolio of Php3.07 billion and capital accounts of Php1.43 billion.
