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05 May 2015
Bridge announces investment into Sugbuanon Rural Bank

Bridge has announced an agreement to buy 40% of the shares of Sugbuanon Rural Bank, a leading rural bank in the Cebu region of Central Visayas. This transaction is being completed in partnership with 1st Valley Bank. 

Sugbuanon Rural Bank has 9 branches, located in urban areas and small towns of Cebu Island. Cebu Island has a population of 3.8 million, 2.5 million in Cebu City. With this acquisition, Bridge hopes to promote lending to small SMEs, farmers and families otherwise underserved by commercial banks. 

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