Rural Bank of Sta. Rosa (Laguna) Introduces 6.0 and 6.5% Deposit Rates for Incoming Clients

Sta. Rosa, Laguna, September 9, 2025 – The Rural Bank of Sta. Rosa (Laguna), Inc (the Bank) is pleased to announce the introduction of 6.0% and 6.5% deposit rates for its incoming customers.

This follows strong customer traction of the Bank’s 8.88% rate, which attracted thousands of new customers to the Bank. While this savings product positioned the Bank as one of the country’s top savings destinations, the new 6.0% rate for one-year deposits and 6.5% for two- and three-year deposits remain among the industry’s most attractive, offering customers superior returns and an improved product experience.

Commenting on the development, Raffy Montemayor, Chairman of the Bank, said:
“We are tremendously thankful to the thousands of customers who believed in our Bank from the very beginning and enjoyed by far the best rate in the market. As the inflow of customers increases and our business grows – with the Bank expanding more than 10x on key metrics – we are now taking steps to reflect this maturity in our deposit rates. That is why we have introduced a new deposit rate for incoming customers.”

Montemayor added, “There is great momentum in the business of the Bank. We closed the first half of 2025 with the industry’s highest return on equity at 59%, while maintaining liquidity and capital sufficiency well above the BSP’s thresholds. With this growth, we see an enormous opportunity ahead to scale our model of building a diversified consumer loan portfolio nationwide.”

He continued, “Our deposit strategy has always been conservative, yet we remain committed to passing on the cost efficiencies of our tech-powered model to customers through one of the industry’s leading deposit rates. If you want one of the best savings deals in the Philippines, you know where to go.”

About Rural Bank of Sta. Rosa (Laguna), Inc
The Rural Bank of Sta. Rosa (Laguna), Inc. is a rapidly growing financial institution in the Philippines dedicated to providing accessible, secure, and innovative banking services to individuals and businesses. With a focus on technology-driven efficiencies and responsible growth, the Bank has become one of the fastest-scaling rural banks in the nation, offering competitive savings products and a diversified consumer lending portfolio, while demonstrating industry-leading profitability and return statistics. The majority control in the Bank is owned by Salmon Group Ltd, a global financial technology firm.

About Salmon (https://salmon.ph)
Salmon Group Ltd owns a controlling stake in a BSP-regulated bank, the Rural Bank of Sta. Rosa (Laguna), Inc., and a SEC-licensed financing company, Sunprime Finance Inc., in the Philippines. Salmon is on a mission to build the best credit-led, technology-centric financial superapp in Southeast Asia, with the Philippines as its first market. Today, the Salmon App is rated at 4.8 in App Store and Google Play, making it one of the highest-rated finance apps in the Philippines.

Founded in 2022 by banking and technology veterans Pavel Fedorov, George Chesakov, and Raffy Montemayor, Salmon uses AI-enabled technology and a proprietary credit engine to offer consumer credit, providing differentiated simplicity, quality of service, and convenience to its customers. Ninety-two percent of Salmon customers recommend its services to their friends and family.