Rural Bank of Sta Rosa (Laguna) to receive capital investment from International Finance Corporation

To help expand financial inclusion in the Philippines, the International Finance Corporation (IFC), a member of the World Bank Group, is investing PHP404 million (US$7 million) in Salmon Group Ltd (“Salmon”), an innovative AI-enabled financial company, that is a controlling shareholder of Rural Bank of Sta Rosa (Laguna), Inc. IFC joins a PHP1.4 billion ($25 million) Series A extension round as a lead investor alongside Northstar Group, a Singapore-headquartered private equity fund, and other local and international investors. The capital will be used to further enhance the capital position of Rural Bank of Sta Rosa (Laguna) and to enable Salmon, […]…

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