Salmon Bank has appointed new senior leaders as it pushes ahead with expansion after more than doubling its loan portfolio and assets in 2025.
The bank named Raffy Montemayor as deputy CEO and executive director, lawyer Eunice Monsod as chairperson, and Chris Nelson as independent director. The appointments are aimed at strengthening management and corporate governance as the digital-focused rural bank grows its presence in the Philippine banking sector.
The leadership changes come after Salmon Bank’s loan portfolio rose 2.3 times year-on-year to ₱3.2 billion, while total assets also climbed 2.3 times to ₱4.4 billion in 2025.
The move is significant as the bank prepares for further expansion and works to increase its equity capital to ₱1.6 billion, following a fresh ₱400 million investment from Salmon Group Ltd..
Industry observers may see the appointments as a sign that Salmon Bank is positioning itself for larger-scale operations, while placing greater focus on governance, financial inclusion, and sustainable growth in the country’s fintech and rural banking space.
