Salmon Bank's client base doubles in 2025 as affluent Filipinos turn to time deposits

Manila, 5 February 2026 — Salmon Bank (Rural Bank) Inc. today reported that its client base doubled in 2025, driven by rising demand from affluent Filipinos for its time deposit products. By the end of the year, about 85% of the bank's depositors were affluent clients, most of them holding time deposit accounts — a sign of growing preference among wealthier savers for structured deposit products with predictable returns.

Much of the growth followed the launch of Bank on Eight, a promotional time deposit offer from Salmon Bank (Rural Bank) providing 8% p.a. for placements of at least ₱1,000,000, for terms of 1 to 5 years. The promotion runs from 1 December 2025 to 1 June 2026.

"The recent growth in our deposit client base highlights the rising interest among affluent Filipinos toward time deposits. With competitive rates like ours, they now serve as an attractive way to grow one's wealth," said Raffy Montemayor, co-founder of Salmon and chairman of Salmon Bank (Rural Bank). "The response to our 'Bank on Eight' offer, in particular, shows that clients now highly value products that combine strong returns with predictability and security."

Salmon Bank (Rural Bank) also offers up to 6% p.a. on deposits below ₱1,000,000.

Salmon Bank (Rural Bank) is majority-owned by Salmon Group, whose investors include the International Finance Corporation, a member of the World Bank Group; ADQ/Lunate, Abu Dhabi's sovereign wealth fund; and U.S. venture capital firms.

Customers can open an account through the Salmon app, available on the Google Play Store and Apple App Store, or at the bank's branches in Sta. Rosa, Laguna, or Bacoor, Cavite. More information about the offer is available at salmon.ph/salmonbank. Terms and Conditions apply, per DTI Fair Trade Permit No. FTEB-242399 Series of 2025.

About Salmon Bank
Salmon Bank (Rural Bank) Inc. — formerly known as Rural Bank of Sta. Rosa (Laguna), Inc. — is one of the fastest-growing technology-driven banks in the Philippines, offering accessible, intuitive, and secure financial services to individuals and businesses.

Salmon Bank (Rural Bank) provides savings products, deposits, payments, and consumer lending portfolios through modern digital channels and the Salmon app, one of the highest-rated finance apps in the Philippines.

Salmon Bank (Rural Bank) is regulated by the Bangko Sentral ng Pilipinas (bsp.gov.ph). Deposits are accepted only within bank premises or through authorized bank channels and are insured by PDIC up to ₱1,000,000 per depositor. Terms and Conditions apply.

The Bank is majority-owned by Salmon Group Ltd, a global financial technology company building a leading credit-led financial superapp in Southeast Asia.

 

About Salmon (salmon.ph)
 

Salmon Group Ltd owns a controlling stake in a BSP-regulated bank, Salmon Bank (Rural Bank) Inc., and an SEC-licensed financing company, Sunprime Finance Inc., in the Philippines. Salmon is on a mission to build the best credit-led, technology-centric financial superapp in Southeast Asia, with the Philippines as its first market. The Salmon app is rated 4.8 on the App Store and Google Play, making it one of the highest-rated finance apps in the Philippines.

Founded in 2022 by banking and technology veterans Pavel Fedorov, George Chesakov, and Raffy Montemayor, Salmon uses AI-enabled technology and a proprietary credit engine to offer consumer credit — providing differentiated simplicity, quality of service, and convenience to its customers. Among Salmon customers, 92% recommend its services to their friends and family.