Month: September 2012

Statement by Bangko Sentral ng Pilipinas Deputy Governor for Resource Management Juan De Zuniga, Jr. on website hacking

“Late last night the website of the Bangko Sentral ng Pilipinas (http://www.bsp.gov.ph/) was hacked by a group who claimed to speak for freedom. For a few hours, our website was inaccessible to those who needed to get real-time information from the BSP.  We apologize to the public that we serve for this interruption. As of …

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Philippine Star: Mobile Banking Expands in Rural Areas

MANILA, Philippines – In 2011, Philippine rural banks processed over P4.9 billion (roughly $116 million) worth of banking transactions which were enabled by mobile banking. In fact, the former head of the Microentrepreneurs Access to Banking Services (MABS) program John V. Owens said a 58-percent increase in the volume of transactions through mobile banking has …

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Manila Times: One Step Closer

One of the leading proponents of opening up the rural banking industry to foreign ownership made several important points on why active foreign participation will not only enable rural banks, which have been present for 60 years, to better compete with its bigger brethren, but also further improve rural banks’ line of services for its …

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Submission of Survey Rates for 3rd Quarter

The BSP’s Central Supervisory Support Subsector is again requiring us to submit a consolidated report on the comparative benchmark median rates on bank deposits of rural banks for third quarter. In connection with this, please fill up the enclosed survey form. Survey Template If the bank has different rates for its head office and branches, please …

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PDIC supports foreign ownership of rural banks

The Philippine Deposit Insurance Corporation (PDIC) has expressed support for the Senate and House bills that aim to amend the Rural Banking Act, allowing foreign ownership of rural banks. According to PDIC President Valentin A. Araneta, the broadening of sources of capital and banking technology implied by the proposed amendments could only serve to increase …

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Re-Broadcast: Mindanao Management Conference at Dakak Beach Resort

  ZNFRB Circular No. 2012-01 To: All RBAP Members Subject: 32nd Mindanao Rural Bankers Management Conference The ZaNorte Federation of Rural Banks (ZNFRB) will be hosting the 32nd Mindanao Rural Bankers Management Conference on October 11-12, 2012, at the Dakak Park and Beach Resort, Dapitan City, ZaNorte, with the theme: “Strengthening the Road of Rural …

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Basic Course on Tellering – Oct 18, 2012

FOR : ALL PARTICIPATING RURAL BANKS SUBJECT : BASIC COURSE ON TELLERING Dear Fellow Rural Bankers: The Rural Bankers Association of the Philippines (RBAP), through the Rural Bankers’ Research and Development Foundation, Inc. (RBRDFI), will conduct a seminar described below as part of its continuing strategy to strengthen the rural banking industry: Course Title: Basic …

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CLOSED — AMLA Seminar: BSP Cir 706 -UARR – Oct 17, 2012

FOR : ALL PARTICIPATING RURAL BANKS SUBJECT : AMLA SEMINAR :BRIEFING ON BSP CIR. 706 – UPDATED AML RULES AND REGULATIONS Dear Fellow Rural Bankers: The Rural Bankers Association of the Philippines (RBAP), through the Rural Bankers’ Research and Development Foundation, Inc. (RBRDFI), will conduct a seminar described below as part of its continuing strategy …

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CLOSED — CI & Basic Property Appraisal – Oct 19-20, 2012

FOR : ALL PARTICIPATING RURAL BANKS SUBJECT : CIRCULAR LETTER: CREDIT INVESTIGATION & BASIC COURSE ON PROPERTY APPRAISAL 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 …

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