Archives for 2012

Malaya: PDIC launches comprehensive guide of issuances and bulletins

The Philippine Deposit Insurance Corporation (PDIC) recently launched the PDIC Regulatory Issuances and Bulletins, a compendium of the Corporation’s regulations on bank operations and deposit insurance, in simple ceremonies attended by officers from the Bankers Association of the Philippines (BAP), Chamber of Thrift Banks (CTB), and the Rural Bankers Association of the Philippines (RBAP). Also present were PDIC Directors Rogelio Manalo and Protacio Tacandong; Bangko Sentral ng Pilipinas (BSP) Managing Director Chuchi Fonacier, RBAP Past President Corazon Miller, and other bankers.

PDIC President Valentin A. Araneta said that the Compendium serves as the member-banks’ guide in ensuring compliance to PDIC rules and regulations in their respective organizations, citing that the member-banks are PDIC’s partners in enhancing the public awareness of deposit insurance protection for depositors.

The Compendium contains Regulatory Issuances and Bulletins to member-banks. Regulatory Issuances provide specific guidelines on new rules and regulations being implemented by the Corporation, while the Bulletins are latest notices and announcements concerning reportorial requirements and other deposit insurance issues.

 

To view full article and photo, please click the link below:

http://malaya.com.ph/index.php/special-features/banking-and-finance/20053-pdic-launches-comprehensive-guide-of-issuances-and-bulletins

Article is lifted from the Banking and Finance Section of Malaya Business Insight.

Microinsurance Training for Rural Banks on January 23-25, 2013 in Cagayan de Oro City

The Rural Bankers Association of the Philippines (RBAP), through its technical arm the Rural Bankers Research and Development Foundation, Inc. (RBRDFI), will be conducting two microinsurance training in Cagayan de Oro City this coming January 2013. The 21st batch of the 2-Day Basic Microinsurance Training Course for Rural Banks will be held on January 23-24 and the Pilot Batch of the Training on Effective Marketing and Selling of Microinsurance will  be held on January 25, 2013. Both training will be held at the Pearlmont Inn, Lim Ket Kai Drive, Cagayan de Oro City.

To view full story and related documents, please click the link below:

http://www.microinsurance.rbap.org/microinsurance-training-for-rural-banks-on-january-23-25-2013-in-cagayan-de-oro-city/

Documents:

MI Confirmation Sheet

12 Microinsurance Training Invitation_Basic + Mktg

 

Article lifted from: http://www.microinsurance.rbap.org


Malaya: Remittances post record $1.9B in October

Remittances post record $1.9B in October

Remittances from overseas Filipinos coursed through banks posted a monthly record-high last October.

Bangko Sentral ng Pilipinas said that October remittances hit $1.9 billion, beating September’s $1.838 billion.

Inflows from Filipinos working abroad seem not to be affected by continuing crisis in Europe inasmuch as the bulk of workers are in the United States and Canada.

October’s level also represents an increase of 8.5 percent from the year-ago figure of $1.77 billion.

This brought cumulative cash transfers in January-October to $17.5 billion, higher by 5.8 percent than the level posted in the same period last year.

Remittances of land-based workers, which grew by 3.7 percent to reach $13.5 billion in the first ten months of the year, accounted for 77 percent of total cash remittances.

In addition, remittances of sea-based workers rose appreciably by 13.7 percent year-on-year to reach $4 billion during the ten-month period.

To view full article, please visit: http://malaya.com.ph/index.php/business/business-news/20206-remittances-post-record-19b-in-october

Article is lifted from http://malaya.com.ph

 

Business World: Landbank bill OK’d on third reading

WITH only three days before Congress takes a break for the holidays, the Senate approved a measure extending the corporate life of state-run Land Bank of the Philippines (Landbank) on third and final reading.

Voting 19-0, senators yesterday approved Senate Bill (SB) No. 2944, which seeks to amend Republic Act (RA) No. 3844 and extend the life of Landbank “for a period of fifty years from the expiration of its original term… renewable for another fifty years.”

Landbank’s corporate life will end on Aug. 8, 2013. RA 3844, enacted in 1963, created the bank and gave it a “legal existence… for a period of fifty years counting from the date of the approval hereof.”

Reconciliation of SB 2944 and its counterpart, House Bill (HB) No. 5461, approved on third reading on Dec. 13, 2011, will take place in January, according to Senator Sergio R. Osmeña III, chairman of the Senate banks, financial institutions and currencies committee, in a text message yesterday

Lawmakers go on break for the holidays on Thursday and reconvene on Jan. 21.

Mr. Osmeña pointed out SB 2944 gives Landbank a corporate life of “50 plus 50 years,” while the “House provides only 50 years.”

He was nonetheless sure the measure “will pass this Congress.”

The country’s fourth largest bank in asset terms, Landbank fulfills a developmental role by extending loans to farmers, fisherfold, small businesses, local government units and state firms.

It is one of the country’s most profitable banks, earning P7.6 billion in the three quarters to September, 7% more year-on-year. — K. M. P. Tubadeza

Article lifted from http://www.bworldonline.com/

Business World:Banks given three years to open branches

BANKS have been granted a longer period to open branches that have been approved by the Monetary Board.

The Bangko Sentral ng Pilipinas (BSP) amended the Manual of Regulations for Banks through Circular No. 777, dated Dec. 13. It gave banks three years, from the original provision of one year, to open their approved but unopened branches.

After the three-year period lapses, the approval will not be extended by the Monetary Board, the BSP said.

All branches with unexpired approvals as of June 17 will be covered by the new three-year period.

“This is just a practical matter as many banks are opening multiple branches at the same time. This is to help avoid having to come back to the Monetary Board frequently for extensions,” BSP Deputy Governor Nestor A. Espenilla, Jr. said in a text message yesterday.

The new circular will take effect 15 days following its publication in a newspaper of general circulation.

The central bank has been moving to ease branching rules for banks in order to further expand the financial system.

In June, it removed the cap on the number of branches that a bank can apply for at a given time. Initially, a bank could apply for only five branches at a time with the Monetary Board, but now, a bank can establish as many branches as it wants, as long as its capital can support the move.

The BSP also opened restricted areas — covering eight cities in Metro Manila — for bank branching last year. These areas were previously adjudged to host too many branches already, but the BSP reopened them to encourage competition, thereby improving financial services for the public.

The central bank estimates that as of end-2011, only two out of 10 Filipino households maintained bank accounts. A third of municipalities also had no banking office. Banking services were concentrated in high-income and urbanized areas. — Diane Claire J. Jiao

Article lifted from http ://www.bworldonline.com/

 

“RBAP-MABS Program transitions to RBAP’s Financial Inclusion Program

The Rural Bankers Association of the Philippines – Microenterprise Access to Banking Services (RBAP-MABS) Program, which the United States Agency for International Development (USAID) supported from 1998 to September 2012, has transitioned into RBAP’s FINANCIAL INCLUSION Program (FIP). RBAP’s technical arm, Rural Bankers Research and development Foundation (RBRDFI), is leading the implementation of FIP.  Hoping to reach out to RBAP’s broader membership base, the Program aims to continue  promoting good practices and principles in microfinance through training and various fora. A program of training will continue to be offered on topics like micro insurance, basic training for loan officers, delinquency management, training for supervisors, mobile phone banking, and more.

Recently concluded, MABS basic training for Microfinance field staff held on November 12-14, 2012 at the RBAP training facility was attended by 38 participants from 13 rural banks. Although intended for microfinance loan staff, participants that attended the training event included bank directors, branch managers, training officers, compliance officers who wanted to understand the basics of the MABS  Approach and tools that they could bring back with them to improve their bank’s microfinance portfolio.

RBAP, under the leadership of Atty. Edward Leandro Garcia, Jr,  will continue to build on strategic public private partnership to advance the use of technology for rural banking, advocate  appropriately designed micro loans, savings, and microinsurance, promote client protection principles and practices, and monitor rural banking sector performance.

Sustainability had been a key platform upon which the MABS program was envisioned when it started in 1988. Happily, going forward, the rural banking sector is assured with continuing to enjoy the association’s advocacy for best practices and principles in rural banking especially in serving the micro, small and medium enterprise owners and their households.”

BSP:Bank Lending Expands Faster in October

otal outstanding loans of commercial banks, net of banks’ reverse repurchase (RRP) placements with the BSP, expanded in October at a faster pace of 15.8 percent relative to the growth of 13.5 percent in September. Bank lending inclusive of RRPs grew by 14.2 percent, the same rate as in the previous month. Commercial bank loans have been growing at double-digit rates since January 2011. On a month-on-month seasonally-adjusted basis, commercial bank lending in October increased by 2.1 percent for loans net of RRPs and by 1.6 percent for loans inclusive of RRPs.

Loans for production activities—which comprised more than four-fifths of banks’ aggregate loan portfolio—grew by 16.4 percent in October from 13.9 percent in the previous month. Meanwhile, the growth of consumer loans eased slightly to 13.9 percent from 14.6 percent in September due mainly to the slowdown in auto loans.

The expansion in production loans was driven primarily by increased lending to the following sectors: wholesale and retail trade (by 46.5 percent); real estate, renting, and business services (28.6 percent); financial intermediation (31.8 percent); manufacturing       (14.6 percent); transportation, storage, and communication (28.2 percent); public administration and defense (49.3 percent); and electricity, gas, and water (13.8 percent). Meanwhile, declines were observed in lending to mining and quarrying (-39.4 percent) and agriculture, hunting, and forestry (-45.7 percent).

The recent rounds of monetary policy easing, alongside the favorable outlook for domestic demand, are expected to continue to support bank lending in the months ahead. Going forward, the BSP will continue to monitor liquidity conditions to ensure that credit activity remains supportive of overall economic growth while remaining consistent with the BSP’s price stability objective.

To view table, please see link below:

http://www.bsp.gov.ph/publications/tables/2012_12/news-12132012b1.htm

http://www.rbap.org/2012/12/bspbank-lending-expands-faster-in-october/

BSP: Consumer Confidence Edges Higher in Q4 2012

Consumer sentiment improved in Q4 2012 as the overall confidence index (CI) climbed to -10.4 percent in Q4 2012 from -13.3 percent in Q3 2012. This is the second highest reading since the nationwide survey started in Q1 2007. The CI is computed as the percentage of households that answered in the affirmative less the percentage of households that answered in the negative with respect to their views on a given indicator. The higher (but still negative) CI in Q4 2012 means that the number of households with an optimistic outlook increased but they continued to be outnumbered by those who think otherwise. Respondents cited the following factors for their improved sentiment: (a) more jobs as a result of more working family members, (b) additional income and higher salary, (c) increasing investment inflows, (d) improvements in infrastructure and (e) better governance.

Looking ahead, consumer expectations for the next quarter and the year ahead remained positive, with the CIs at 6.3 percent and 16.8 percent, respectively.  This indicates that the optimists continued to top the pessimists for the next quarter and the year ahead. Consumers are confident that improvements in the economy and family finances will be carried over to the next 12 months.

To view full article, see the link below:

http://www.bsp.gov.ph/publications/media.asp?id=3066

CIRCULAR NO. 776 Series of 2012

The Bangko Sentral ng Pilipinas signed a circular to ” Amendment of Subsection X268.3 of the Manual of Regulations for Banks (MORB) to include a provision on the grant of temporary rediscounting lines to newly merged or consolidated banks”.

Please see link below to view document:

http://www.bsp.gov.ph/downloads/regulations/attachments/2012/c776.pdf

RBAP-RBRDFI Holds Corporate Governance Seminar

The Rural Bankers Association of the Philippines(RBAP), through the Rural Bankers Research and Development Foundation Inc.(RBRDFI), held the first corporate governance seminar last Dec 13 and 14 at the RBAP Building in Intramuros, Manila.

The training seminar is in partnership with the Land Bank of the Philippines(LBP), which provided financial assistance for  the attendees.

A total of 38 participants from 32 rural banks have registered for the seminar. Since slots are limited, RBAP ruled that only one representative for every rural bank can avail of the financial assistance provided by the LBP. Additional representatives can be included when at least 30 RB’s have already registered in a  scheduled training. Every seminar can accommodate at most 40 people.

Irene Aroyo, a representative from Philippine Deposit Insurance Corp.(PDIC), was speaker for the event. Also, observers from the Bangko Sentral ng Pilipinas(BSP), Arnold Martinez, and Bangko Sentral ng Pilipinas Institute (BSPI) namely ,Candice Wycoco, graced the training.

The two-day seminar was mandated by recent BSP issuances, particularly Circulars No.749 and 757 which sets new guidelines in strengthening the Corporate Governance in financial institutions.


 

CLOSED — Cir Internal Control-Internal Audit -Jan 17, 2013

FOR		: ALL PARTICIPATING RURAL BANKS

SUBJECT	: INTERNAL AUDIT / INTERNAL CONTROL SEMINAR

Dear Fellow Rural Bankers:

The Rural Bankers Association of the Philippines (RBAP), through the Rural
Bankers’ Research and Development Foundation, Inc. (RBRDFI) is pleased to
announce that it will conduct the seminar-workshop described below as part
of its continuing strategy to strengthen the rural banking industry:

Course Title:	Internal Audit/ Internal Control Seminar

Speaker     	RENE B. HAPITAN, MBM
                         Sr. Training Consultant, Academician and Director
for Sales
                        and Audit and Financial Planning in various
corporation

Venue:	        Gov. Licaros Hall, RBAP Bldg., A. Soriano Ave., cor.
		        Arzobispo St., Intramuros, Manila

Schedule:	       17 January 2013 (Thursday)

Duration:	        1 day (8:30AM-5:30PM)

Participants:       Senior Level Loan Officers / Internal Auditors,
Compliance Officer     / Credit and Remedial Management Officer, President
and Director

Registration Fee
a)	Early bird rate of Two Thousand Five Pesos only (P2, 500.00)/ per
registrant on or before January 04, 2013
b)	Two Thousand Eight Hundred Pesos only (P2, 800.00)/ per registrant
after January 04, 2013.
c)	Three Thousand Three Hundred Sixty Pesos only (P3, 360.00).♣
Non-member rural banks. To avail of the regular registration fee,
non-member banks are encouraged to apply for membership with RBAP/RBRDFI.
Please call RBAP for details.

Course Overview:

The course deals looks at the process, the assessment and analysis, and
the investigation of a rural bank’s internal audit system. The
participants will be also oriented to detect possible frauds and
irregularities in the operations of rural banks and recommend counter
measures to prevent or mitigate the risks involved. The session culminates
in a live case study that will illustrate a best practice in internal
audit.

Course Outline:

1. Theory and Basics of Internal Audit: Why is it Important?
2. BSP Regulations and the Conduct of Internal Audit for Rural Banks
(Circular 499,
Series of 2005)
2.1 Functions, Status, and Scope
2.2 Qualifications of the Internal Auditor
3.Functional Internal Audit Process: What do we Do
4.Assessing the Internal Control System: What to Look for
5.Investigating Irregularities and Variances: What to do With Them
6.Emerging Issues
6.1 Risk Management and the Basel Accords
6.2 Benchmarking and Best Practices
7.Live Case Study: Preparing and Developing the Audit Report Outline

For your reservations, kindly observe our training policies:

1.	Deadline for submission of registration is not later that January 14,
2013.

2.	A Non-Refundable commitment fee of P1400.00 per participant (50% of the
registration fee). Payments can be remitted to the Rural Bankers Research
and Development Foundation, Inc. bank account (Land Bank of the
Philippines – Intramuros Branch Savings Account Number 0012-1046-26).
Proof of payment (i.e., deposit slip) should be sent immediately
verification at (02) 527-2980. Check payments, should be payable to Rural
Bankers Research and Development Foundation, Inc. (RBRDFI)
3.	Reservation via telephone conversation is accepted. However,
Registration Form and commitment fee must be settled 10 days prior the
seminar date or January 04, 2013. Otherwise, reservation is considered
cancelled.
4.	Cancellation Policy:
a)	10 days prior the seminar date is entitled for a full refund.
b)	3 days prior to the seminar date is entitled for a half refund
c)	Participants who have paid but fail to show up for the seminar will
only be entitled to a rebate of 50% of the total registration fee.
d)	Special cases (health, accident etc.), with written notice, kindly
coordinate with RBRDFI staff for refund procedures and requirements.

Please be advised that we accept on a first-come-first-served basis with a
manageable level up to thirty (30) participants only.

Download Confirmation Sheet in PDF

CLOSED — Cir Building Compliance Systems – Jan 18, 2013

FOR		: ALL PARTICIPATING RURAL BANKS

SUBJECT	:  SEMINAR ON BUILDING COMPLIANCE SYSTEMS

Dear Fellow Rural Bankers:

The Rural Bankers Association of the Philippines (RBAP), through the Rural
Bankers’ Research and Development Foundation, Inc. (RBRDFI) is pleased to
announce that it will conduct the seminar-workshop described below as part
of its continuing strategy to strengthen the rural banking industry:

Course Title:	Building Compliance Systems

Speaker :	        Mr. Jove Tapiador
                        VP InterAsia Dev. Bank-, Regional Consultant of MABS,
                        Microfinance Specialist, Inclusive Business
Consultant-ADB
                        Academian, Entrepreneur

Schedule:	        18 January 2013 (Friday)

Duration:	         1 day (8:30AM-5:30PM)

Participants:       Senior & Middle  Level Officers / Auditors, Compliance
Officer
		          /Credit and Remedial Management Officer, Credit Risk Officers

Registration Fee
a)	Early bird rate of Two Thousand Three Hundred Pesos only (P2, 300.00)/
per registrant on or before January 04, 2013
b)	Two Thousand Six Hundred Pesos only (P2, 600.00)/ per registrant after
January 04, 2013.
c)	Three Thousand Two Hundred Pesos only (P3, 200.00).♣ Non-member
rural banks. To avail of the regular registration fee, non-member banks
are encouraged to apply for membership with RBAP/RBRDFI. Please call RBAP
for details.

Course Objective:

Develop compliance systems, includes Compliance Manual Program that
address compliance needs to business risks; identify Compliance Officer’s
role and responsibilities; and understand how to work with and understand
the BSP and apply BSP Cir. 747.

For your reservations, kindly observe our training policies:

1.	Deadline for submission of registration is not later that January 14,
2013.

2.	A Non-Refundable commitment fee of P1400.00 per participant (50% of the
registration fee). Payments can be remitted to the Rural Bankers Research
and Development Foundation, Inc. bank account (Land Bank of the
Philippines – Intramuros Branch Savings Account Number 0012-1046-26).
Proof of payment (i.e., deposit slip) should be sent immediately
verification at (02) 527-2980. Check payments, should be payable to Rural
Bankers Research and Development Foundation, Inc. (RBRDFI)
3.	Reservation via telephone conversation is accepted. However,
Registration Form and commitment fee must be settled 10 days prior the
seminar date or January 04, 2013. Otherwise, reservation is considered
cancelled.
4.	Cancellation Policy:
a)	10 days prior the seminar date is entitled for a full refund.
b)	3 days prior to the seminar date is entitled for a half refund
c)	Participants who have paid but fail to show up for the seminar will
only be entitled to a rebate of 50% of the total registration fee.
d)	Special cases (health, accident etc.), with written notice, kindly
coordinate with RBRDFI staff for refund procedures and requirements.

Please be advised that we accept on a first-come-first-served basis with a
manageable level up to thirty (30) participants only.

Download the Confirmation Sheet in PDF

RBAP concludes another successful Strengthening Bank Credit Risk Management Training

As the economy continue to enjoy its resiliency from external trumoils, the Rural Bankers Association of the Philippines also acknowledged the fact that this relaxed atmosphere will also come to an end. Thus , RBAP through its training arm the Rural Bankers Research & Development Foundation, Inc. is continuously offering the Strengthening Bank Credit Risk Management training. The training provides credit-awareness – as a key to financial strength and sustainability, along with an aim to protect member banks of future endeavors and help them identify means to bump off risks.

Last December 5-6, 2012, it was participated by 33 participants representing 20 RBs at the RBAP Bldg. in Intramuros, Manila

The training includes practical application of credit risk management theories and enhancement of competency in loan processing , which was facilitated by Celenita Francisco, CPA, a professional resource speaker and bank consultant.

The training was capped by a photograph with Ms.Francisco

RBAP: 55th Charter Anniversary Symposium

The Rural Bankers Association of the Philippines celebrated its 55th Charter Anniversary Symposium at Fiesta Pavilion Manila Hotel last November 19 and 20.

The event was graced by representatives from different banking sectors and distinguished people from the regulators office like the Bangko Sentral ng Pilipinas.

One of the guests were Monetary Board member Ignacio Bunye. Bunye recently launched his book titled “Central Banking for Juan and Maria”, a primer on central bank’s vision and mission as well as its functions.

Bunye also conducted a book signing during the symposium.

Also, the RBAP recognized its member banks that are now on its 50th year of service in the rural banking industry.

The certificates were given during the fellowship night on November 19,2012.

Atty. Edward Leandro Garcia, RBAP president, recognized the commitment of his fellow rural bankers to promote financial inclusion and country side developments in the regions they serve.

The two day event was filled with fruitful talks and speeches from related industries, to view their presentations, please click the link provided blow:

RBAP_BAPCB_Intro(11202012)

rnet presentation nov2012E

CIC Presentation to Rural Banks 2012Nov19

FIRST VALLEY RB-Presentation3

BDO-Presentation_RBAP Symposium_Nov19-20_rev2

financial inclusion-PRT RBAP

RBAP presentation on CG (Manila Hotel_20 Nov 2012)

BSP New Issuances-RBAP 55th Charter Symposium

FEF Presentation 11.20.12

AMLA PPT for RBAP- Copy

SPRB Plus Presentation

SHARES OF STOCK VALUATION (1)

Mobile banking – RBAP conference 121120

microinsurance

Landbank-EBANKING_11.20.12

Family Constitution modules:

RBAP_BAPCB_Intro(11202012)

2. Family Dynamics in the Family Business

3. Family Business Governance

4. The Family Council

5. Fam Council guide1

6. FAMILY COUNCIL covers these critical issues

7. Family Council

8. Family Constitution (1)

9. The Family Constitution

For inquiries on presentations, kindly send an e-mail to info@rbap.org

The symposium was concluded by a grand raffle draw with exciting prizes given away.

55th Charter Anniversary Symposium Program

The Rural Bankers Association of the Philippines will be celebrating its 55th Charter Anniversary Symposium on November 19-20, 2012 at the Fiesta Pavilion, Manila Hotel.

To view event activities, please click the link below:

2012 Sympo Program-final