Financial Sustainability Rating (FSR) Announcement: GM Bank of Luzon, Inc.

Inclusion [Social Ratings] today released a newly assigned Financial Sustainability Rating (FSR) on GM Bank of Luzon, Inc., a rural bank based in Cabanatuan City, the Philippines.

GM Bank of Luzon’s Social Mission is “to make a positive difference in people’s lives, especially in countryside communities, by providing easy access to innovative and socially relevant financial services in a commercially sustainable way.”

Inclusion [Social Ratings] asignada GM Bank of Luzon an FSR rating grade of FSR3, following remote due diligence of the organization’s operations and interviews with staff. An FSR3 grade indicates that an organization’s infrastructure and processes are consistent with a good likelihood of operating in the best interests of its clients and beneficiaries, that this is among its high priorities and that it attempts to manage the risk of causing adverse effect to its beneficiaries and other stakeholders.

Asimismo, una calificación FSR3 es compatible con una IMF que:

  • adheres to good practice in most of the key FSR factors;
  • demonstrates that it has adequate information systems, internal controls and procedures related to the information provided for the FSR;
  • exhibits a decent trend of financial results and there are some risks to future earnings potential;
  • Mantiene estándares razonables en términos de prácticas de protección de clientes y recursos financieros.

Inclusion [Social Ratings]’s FSR on GM Bank of Luzon is based on Inclusion [Social Ratings]’s Financial Sustainability Rating Methodology. An FSR measures financial sustainability on a fifteen-point scale, in which FSR1+ is the highest grade and FSR5-, the lowest. 

About Inclusion [Social Ratings]’s Financial Sustainability Ratings

The Inclusion [Social Ratings] FSR assesses the financial performance of an organization not only by looking at its past results, but also by reviewing the quality of its operational and financial structure and the processes it employs to assess the likelihood of such performance being sustained in the future.

It also incorporates management interviews conducted in situ in the field and/or telephonically, and interviews with branch staff to assess the levels of financial performance that result from the activities of the organization.

También se puede descargar un informe de calificación completo de nuestro sitio web aquí.

If you need further information on these ratings or about Inclusion [Social Ratings]’s other ratings, please contact Santiago Arnaudin at