July 10, 2020
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Corporate Profile

The beginnings of Northpoint
Northpoint Development Bank (NDB) is a part of the continuously growing businesses of the Ongtenco Family operating in diverse industries: vehicle distributorship, real estate, education, and banking. NPDB is a subsidiary of the Ongtenco group of companies. Its sister companies consist of Motortrade Nationwide Corporation, Bank of Makati (A Savings Bank), Inc., Fundline Finance Corporation, Veradex Development Corporation, Honda Prestige Traders, Inc., Global Reciprocal Colleges, Transnational Properties, Inc., Motortrade Topline Inc., and Motorjoy Depot, Inc.

Northpoint Development Bank was originally founded as a rural bank in May 22, 1956. It used to be known as Urdaneta Rural Bank, Inc. and was later called New Urdaneta Rural Bank, Inc. in 1983. The bank considered the town of Urdaneta, Pangasinan its first home, hence the names. Through BSP and SEC approvals in 1998, the bank upgraded its classification from a rural bank to a thrift bank and changed its name to Northpoint Development Bank.

In June 2012, Northpoint Development Bank was acquired by the Ongtenco Family. The new management increased the original authorized capital tenfold – from Php 100 Million to Php 1 Billion. Total paid-up capital is at PHP 400 Million. This bold move enabled a fresh beginning for the bank to use the banking engine in the furtherance of its mission and vision. In June 2016, Northpoint introduced the Micro Variant Loans together with the Multi-Purpose Loan, Small Business Loan and Business Loan in the market.

Northpoint is continuously achieving growth in loan portfolio and deposits. It is known for offering products that are capable of tapping all micro-entrepreneurs and small-sized businesses. Through its products and services, Northpoint can achieve its goal to be the bank of choice in the areas where its branches are established.

The Present and Future of Northpoint

Northpoint Development Bank (NPDB) currently has two (2) branches and twenty eight (28) branch-lite units (BLUs). Its head office is located in the city of San Pedro, province of Laguna while the other branch is in the city of Urdaneta in Pangasinan. The branch-lite-units (BLUs) are scattered around Luzon, particularly in the areas of NCR, Cavite, Laguna, Quezon, Tarlac, La Union, Ilocos Sur and Pangasinan. Farthest branch in the north is Vigan, in Ilocos Sur while in south is Ligao, in Albay. Result of operation in 2018 showed a net income of PHP 22.2 Million or an ROE of 6.78%. It is set to open 13 new Branch Lite Units in the first half of 2020 and in the next few years, NPDB is planning to increase the number of its BLUs and expand in other areas to reach more clientele. As we expand our area, we expect to further improve our growth in resources and profit.

The bank is currently offering the basic banking services of deposit taking and lending to micro businesses and small medium enterprises (MSMEs). Full capacity has not been maximized as we still lack the other services provided by other thrift banks such as other type of loans (e.g. salary or consumer loan, real estate loan), remittance, bills payment, atm machines and many more. The Bank is constantly studying opportunities to improve its operations to provide value added services to our existing and potential customers.

As the world is now becoming more technologically advanced and digital, enabling banking transactions to go online, web-based and mobile, NPDB has also started improving its system, making some of the processes much more efficient and automated. This includes our loan management, financial reporting, serving notices, and many more. Various developmental trainings have been conducted to ensure the required manpower competencies have been met.

The business environment will incessantly evolve, improve and eventually making everything more efficient and automated. Considering this, NPDB, which includes its processes, products and people, has to evolve and continuously improve with it to sustain our continuous growth.

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Member:PDIC.Maximum Deposit Insurance for Each Depositor P500,000
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