EVALUATION OF SUSTAINABLE BANKING PRACTICES IN THE PHILIPPINES

Abstract

This study aims to evaluate the sustainable banking practices of rural banks in the Philippines. Mean and standard deviation was used to determine the sustainable banking practices of 80 participating rural banks in 2019. The researcher utilized a modified questionnaire on sustainability practices with a Cronbach alpha value of 0.85. The study revealed that rural banks were extensively practiced on social and economic; however, they were only sometimes practiced on the environmental aspects. These results indicate that rural banks look into their economic and social banking practices if they are sustainable and can be transformed into practices that will enable them to be sustainable over the long term. This is the first study that combined the three dimensions of sustainability practices of rural banks in the Philippines.