There are a lot of different types of Banks in the Philippines. We have a Universal Bank, Commercial Bank, A Savings Bank, A Thrift Bank, A Rural Bank and a Cooperative Bank.
Rural Bank and Cooperative Banks are group together but what really is the difference between the two?
Well the primary difference between the two lies on its Capital Common Stock component. A Rural Bank owner/investors can be an individual person, while the Common Stock owners of a Cooperative Banks are primary cooperatives. Thus, if you are a member of this primary cooperative/s then to a certain extent you are also the owner of the cooperative bank.
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