Revised reportorial requirements on Microfinance operations

This is to notify all rural banks, engaged in microfinance operations, of the amendments on the reportorial requirements under Circular No. 607 dated April 30. 2008. The thrust to amend or revise was due to the introduction of new microfinance products and, likewise, the growing exposure of banks, particularly universal and commercial, in wholesale MF loans.

For those interested in securing a copy of this latest BSP circular, kindly download the file from RBAP’s slideshare account.

Thank you.

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