Archives for 2017

BSP Circular No. 958: Amendments to Information Technology Risk Management’s Subsection x177.9 and Appendix 75f

Eastern Visayas bank deposits post 11.23% growth in 2016

TACLOBAN CITY — Bank deposits in Eastern Visayas grew by 11.23 percent to P94.61 billion in 2016, showing a sustained economic recovery from the 2013 super typhoon’s devastation, the National Economic Development Authority (Neda) said.

Bank deposits in the region managed to maintain its double-digit annual growth rate in the past four years despite impacts of Super Typhoon Yolanda that worsened the region’s poverty incidence.

However, last year’s deposit portfolio growth in the region is lower than the 20 percent increase recorded since 2013, the Neda said, citing data from the Philippine Deposit Insurance Corporation (PDIC).

Neda has yet to verify with the Central Bank if election spending in 2016 “triggered withdrawals that are significant enough to slow down growth.”

Deposit liabilities in 2015 stood at P85.06 billion. It refers to money placed by an individual or corporation into a banking institution for safekeeping, according to the Central Bank.

The PDIC banking statistics, posted on its website, showed that total number of accounts grew by 7.74 percent from 805,624 in 2015 to 868,000 last year.

The number of banks increased to 206 in 2016 from 191 in the previous year. All provinces also posted significant growth in both accounts and deposits.

Data showed that of the total P94.61 billion deposit portfolio, P58.11 billion were in Leyte province, P10.03 billion in Southern Leyte, P10.01 billion in Samar, P7.73 billion in Northern Samar, P6.09 billion in Eastern Samar, and P2.41 billion in Biliran.

The remarkable growth in Leyte is largely contributed by the 45 banks in Tacloban City. The regional capital had P36.74 billion deposits as of end of 2016, higher than the P34.37 billion in 2015.

The number of accounts in the city rose to 284,884 in 2016 from 269,547 in the previous year.

Neda identified the sustained post-Yolanda recovery activities from the government and private sector as major contributors.

“The increase was also attributed to increase business activities, inflow of remittances and wider reach of banks due to additional branches, among others,” said Neda regional director Bonifacio Uy.

Leyte and Eastern Samar, which were badly hit by Super Typhoon Yolanda, posted a remarkable deposit growth from 2015 to 2016. Leyte’s bank deposits rose to P58.31 billion from P53.21 billion. In Eastern Samar, total deposits went up to P6.09 billion from P5.4 billion. (PNA)

Source: http://www.sunstar.com.ph/tacloban/business/2017/04/26/eastern-visayas-bank-deposits-post-1123-growth-2016-538649

Corporate Governance Seminar – May 24-25

CORPORATE GOVERNANCE FOR BANK DIRECTORS

Date: May 24-25, 2017 (Wed-Thu)
Venue: Gov. Licaros Hall, RBAP, Intramuros,
Time: 8:30am to 5:00pm

RESOURCE PERSONS
Ms. Ma. Corazon Guerrero
Former Asst. Gov. – BSP
Mr. Fernando A. Caballa
Former Dir. Of ISD-I, BSP

SEMINAR FEE
1. For Member only- P4,900

2. Non-Member/Delinquent – P5,400

MODE OF PAYMENT
Check payable to:

Rural Bankers Research & Development Foundation Inc.

Non-Refundable commitment fee of P2,800.00 per participant.

Bank: LBP – Intramuros, Branch
Account Name: RBRDFI
SA No. 0012-1046-26.
Telefax (02) 527-2969 /527-2980

EXPECTED PARTICIPANTS
Chairman, Presidents & CEOs, Directors, General Managers, Stockholders &
Compliance Officers

DEADLINE TO SUBMIT REGISTRATION: May 19, 2017.

Course Objectives

1 Pursuant to the following BSP Circulars
a) Cir. No. 296 prescribing the minimum qualifications of a bank director,
a director
b) Circulars No. 749 and 757 sets new guidelines in strengthening the
Corporate Governance in Financial Institutions”.
• To provide a structured framework for the Board of Directors:
a. To appreciate the principles of Good
Governance;
b. To recognize the value of their roles in
promoting it in their respective financial institutions; and
c. To understand its significance in maintaining the stability of
the financial system
Course Outline

Day 1 –Concepts & Theory
I. Overview of Good Corporate Governance
A. Definition
B. Importance of Good Corporate
Governance in the Financial System
C. Role of Stakeholders

II. Board Qualifications and Practices
A. Qualifications of the BO
B. Responsibilities of the BOD
1. Individually
2. Collectively
C. Structure of the Board and Practices
1. Board Committees
2. Roles of the Chairperson of the BOD 3. Evaluation of the Performance
of the
BOD
III. Checks and Balances Systems
Roles & Scope of the ff Functions:
A. Risk Management
B. Internal Audit
C. Compliance
D. External Audit
IV. Compensation System
A. Principles in Establishing Compensation System
B. Review of the Compensation System

V. Complex or Opaque Structures
A. Issues/concerns in Group Structures
B. Role of the BOD of the Parent Company
C. Responsibilities in Group Structure

VI. Disclosure and Transparency
A. Objectives of Disclosure and
Transparency
B. Regulatory Requirements

Day 2- Summary & Application
VII. Governance Challenges for
Family-owned Banks

VIII. Summary & Exercises
Setting and Implementation of
Governance Policies
A. Corporate Governance Models
B. Self-Assessment: Corporate
Governance Scorecard
C. Group Case Studies & Discussions

CIR CorpGov-May17 Download file click here

CS-CorpGov-May17 Download file click here

AMLA Seminar – Jun. 07 2017 in Hotel Jen

AMLA SEMINAR

SCHEDULE

Date: June 07, 2017 (Wed)
Venue:
Ambassador Sala Room
HOTEL JEN -MANILA
3001 Roxas Blvd., Pasay City
,
Time: 8:30am to 5:00pm

Resource Persons:
Heinz Ryan Espinosa, BO-V
Mary Aileen Padilla, BO-IV AMLSG , Banko Sentral ng Pilipinas

SEMINAR FEE
1. For Member – P1,800
2. Non-Member/Delinquent – P2,200

MODE OF PAYMENT
Check payable to:

Rural Bankers Research & Development Foundation Inc.

To reserve slot, a Non-Refundable commitment fee of P1,000.00 /pax is
required, but its deducted from the total registration fee.

Bank: LBP – Intramuros, Branch
Account Name: RBRDFI
SA No. 0012-1046-26.
Telefax (02) 527-2969 /527-2980

DEADLINE TO SUBMIT REGISTRATION: MAY 31, 2017.

Seminar Methodologies

Lecture /Discussions and Workshop

Expected Participants
President, Directors, Compliance Officer, Internal Auditors,
Managers, Tellers, Cashiers & Loan Officers

Course Outline

I. AMLC and Functions
II. AML Act and Its Amendments
III. Phil. Legal Framework
*Cir. No. 706 (Updated AML Rules and Regulations)
* Cir. No. 950 UARR, as Amended
* Memorandum No. M-2012 -017
IV. R.A. No. 0167 Salient Features
R.A. No. 10365 Salient Features
V. Money Laundering Offense and Penalties
VI. AML Rules and Regulations, as Amended
*Amendments to Circular No. 706
*Legal Basis of AML Rules
* Policies of the State
*Coverage:
– BSP Covered Persons
-AML Risk Management
-Customer Identification Process
VII. AML Risk Rating System AML Risk Rating System
VIII. Question and Answer

CIR AMLA-Jun17 Download file click here

CS-AMLA-Jun17 Download file click here

BSP Memorandum No. 2017-013: Malacanang Memorandum Circular No. 18 Suspending Work for the Government and Private Sector in Specified Areas on 27 ans 28 April 2017

Compliance Mgmnt System Assessment – Jun 08-09

COMPLIANCE MANAGEMENT SYSTEM ASSESSMENT

Date: June 08-09, 2017 (Thu-Fri)
Venue: Gov. Licaros Hall, RBAP, Intramuros,
Time: 8:30am to 5:00pm

RESOURCE PERSON
Mr. Diego B. Ledda, Jr.
Trainer/Consultant -Management
& Financial Consultancy Services

SEMINAR FEE

1. For Member – P4,500
2. Non-Member/Delinquent – P4,800

MODE OF PAYMENT
Check payable to:

Rural Bankers Research & Development Foundation Inc.

To reserve slot, a Non-Refundable commitment fee of P2,200.00 /pax is
required, but its deducted from the total registration fee.

Bank: LBP – Intramuros, Branch
Account Name: RBRDFI
SA No. 0012-1046-26.
Telefax (02) 527-2969 /527-2980

DEADLINE TO SUBMIT REGISTRATION: June 02, 2017.

Course Objectives
1. To identify, prioritize, and assign accountability for managing
existing or potential threats related to legal or policy noncompliance—or
ethical misconduct—that could lead to fines or penalties, reputational
damage, or the inability to operate in key markets.
2.To understand the laws and regulations with which the Bank is required
to comply in all risk areas where it conducts business, as well as
critical organizational policies—whether or not those policies are based
on legal requirements.
3.To learn the roles and responsibilities of Chief Compliance Officer in
the organization.
4.To learns how to prepare annual compliance program, assessment and reports

Day 1

1.The Compliance Risk Management
*Define Compliance risk and Compliance Risk Management
* Status of Compliance Functions
* Regulations Governing Compliance Functions
* Requirements of successful Compliance Risk Management

2.Board and Senior Management Oversight
* Roles and Responsibilities of the Board of Directors
*Roles and Responsibilities of Senior Management
*Roles and Responsibilities of Employees

3.The Compliance Office and Compliance Officer

4.The Compliance Program
5. Reports , Reporting Frequencies

*Types of Reports Being Prepared by the Compliance Officer
*Frequency and Manner of Reporting
*Actions Needed in Compliance Reports

6.Improving Compliance Risk Management
*Identifying Inherent problems for Effective Compliance
7. Outsourcing of Compliance Assessment and Testing
8. Common Problems and BSP audit Findings in Compliance System and How to
Avoid them

Day 2

1.Hands-On Preparation
*Annual Compliance Program
*Assessment of Risk Areas
*Reports

Required on Day 2: Laptop Computer, USB

CIR COMS-Jun17 Download file click here

CS-COMS-Jun17 Download file click here

Operational Risk Management Training – Jun 23-24 in Dipolog City

FOR: All Participating Rural Banks
SUBJECT: Operation Risk Management Training

The Zamboanga Del Norte Federation of Rural Banks through Rural Bankers
Research and Development Foundation, Inc. will hold a Operational Risk
Management Training on June 23-24, 2017 to be held in Gregory’s Place,
By-pass Road, Dicayas, Dipolog City.

Registration Fee:
Early Bird – Ph4,200 on or before May 31, 2017
Regular – Ph4,500.00 per participant

Payment
1) A non-refundable commitment fee of P2,500.00 per participants
2) Deposit – BPI Account Name: Albert T. Concha Jr.
Account Number: 1825 -0097-67
3) Proof of payment fax to (065) 212-2098
4) Check payments should be payable to the Zamboanga Del Norte
Federation of Rural Banks (ZNFRB) Secretariat/Treasurer

This is a live-out seminar

Cesar G. Ramos
ZNFRB President

ORMT course -ZDN Download file click here

ORMT-ZDN Download file click here

Delinquency and Fraud Management in Banks Training – June 15 -16

DELINQUENCY AND FRAUD MANAGEMENT
IN BANKS TRAINING

Date: June 15-16, 2017 (Thu-Fri-)
Venue: Gov. Licaros Hall, RBAP, Intramuros,
Time: 8:30am to 5:00pm

RESOURCE PERSON
Mr. Noel J. Panelo, CPA
Microfinance Specialist, Banker/Trainer –Account Management Consultant

SEMINAR FEE

1. For Member – P3,400
2. Non-Member/Delinquent – P3,600

MODE OF PAYMENT
Check payable to:

Rural Bankers Research & Development Foundation Inc.

To reserve slot, a Non-Refundable commitment fee of P1,500.00 /pax is
required, but its deducted from the total registration fee.

Bank: LBP – Intramuros, Branch
Account Name: RBRDFI
SA No. 0012-1046-26.
Telefax (02) 527-2969 /527-2980

DEADLINE TO SUBMIT REGISTRATION: June 09, 2017.

Objectives

At the end of the training, the participants are expected to:
1. Understand the meaning of delinquency and how it negatively affects the
profitability of the bank
2. Analyze and manage loan portfolio
3. Learn how to prevent delinquency and remedy hardened accounts
4. Learn the different faces of fraud (internal and external).
5. Learn how to detect fraud early, then control and remedy the same
6. Learn the different internal controls that would help prevent
delinquency and fraud

DAY 1
I. Portfolio Analysis & Management
Process in managing portfolio
Sample portfolio report
Key financial ratios in measuring delinquency
Analyzing PAR by age
Sample calculation of loan loss provision
II. Root Causes of Delinquency
Various definitions of delinquency/past due
Common reasons and root causes of delinquency
Perceived uncontrollable events that may cause delinquency
Costs of delinquency (quantifiable and non-quantifiable)
III. Delinquency Prevention, Control and Remedial Management
Strategic courses of action in managing delinquency
Delinquency alarm signals at various levels
Stages of actions to be taken in controlling delinquency
Write-off
IV. Management of Hardened Accounts
Steps in enforcing legal action
Action on court-mandated agreement
V. Small Claims Court
How to pursue collection through small claims court

CIR Del&Fraud-Jun17 Download file click here

CS-Del&Fraud-Jun17 Download file click here

BSP CL 2017-023: Publication/Posting of Balance Sheet and Consolidated Balance Sheet

Comprehensive Property Appraisal Seminar -May 19-20

COMPREHENSIVE PROPERTY APPRAISAL SEMINAR

Date: May 19-20, 2017 (Fri-Sat)
Venue: Gov. Licaros Hall, RBAP, Intramuros,
Time: 8:30am to 5:00pm

RESOURCE PERSON
Engr. Ferdinand A. Bocobo Senior Property Manager, BDO
Trainer, Consultant

SEMINAR FEE

1. For Member – P3,800

2. Non-Member/Delinquent – P4,200

MODE OF PAYMENT
Check payable to:

Rural Bankers Research & Development Foundation Inc.

To reserve slot, a Non-Refundable commitment fee of P2,000.00 /pax is
required, but its deducted from the total registration fee.

Bank: LBP – Intramuros, Branch
Account Name: RBRDFI
SA No. 0012-1046-26.
Telefax (02) 527-2969 /527-2980

DEADLINE TO SUBMIT REGISTRATION: May 12, 2017.

Course Objectives
1) Provide participants the required knowledge and the skills to perform
property valuations in line with internationally accepted standards and
best practices.
2) Provides solid foundation in basic appraisal principles.
-to render a sound estimate of value of real estate of a given time
and for
a specific purpose.
-to guide on the analysis and qualifying data that needs to be collected
and reviewed during the appraisal process.
3) Learn the three main approaches to value and other methods of valuation
in reaching a sound opinion of value.
4) Provides information on how to read and map of a subject property –
delete, no longer part of outline since time consuming. Instead put –
Provides information on Site Inspection and Analysis
5) Demonstrates practical writing exercises necessary to produce
convincing appraisal reports in daily practice.

Seminar Methodologies
Lecture, Discussions, and Workshop: computations and drawing

Expected Participants
Loan Officers, Account Officers, Managers, Appraisers, Sales Officers,
ROPA Managers

Course Outline

• Definition of Appraisal
-purpose and appraisal process
• Definition of Price, Cost, Value and Market Value
• Other Values That May Be Determined by Appraisal
• Characteristics of Value
• Factors that Influence Value
• Appraisal Principles of Property Value
* Principle of Highest and Best Use
-Covers the relationship between market analysis and
highest and best use.
• Basic Appraisal Requirements
• Collateral Acceptability
• Collateral Non-Acceptability
• Site Inspection and Analysis
• Appraisal Report Writing
• Code of Ethics
• Salient Features of Real Estate Service Act 9646
• Primary Methods of Valuatio
• Other Methods of Valuation

CS-CAppraisal-May17 Download file click here

CS-OpRisk-Apr17 Download file click here

Credit Analysis & Loan Packaging Seminar – May 04-05

CREDIT ANALYSIS & LOAN PACKAGING SEMINAR

Date: May 04-05, 2017 (Thursday- Friday)
Venue: Gov. Licaros Hall, RBAP, Intramuros,
Time: 8:30am to 5:00pm

RESOURCE PERSON
Ms. Maria Julma M. Jongco
– Financial Services Advisor/Consultant –(Bank, Insurance & SME), Trainer

SEMINAR FEE
1. For Member – P3,800

2. Non-Member/Delinquent – P4,200

MODE OF PAYMENT
Check payable to:

Rural Bankers Research & Development Foundation Inc.

To reserve slot, a Non-Refundable commitment fee of P2,000.00 /pax is
required, but its deducted from the total registration fee.

Bank: LBP – Intramuros, Branch
Account Name: RBRDFI
SA No. 0012-1046-26.
Telefax (02) 527-2969 /527-2980

EXPECTED PARTICIPANTS
Marketing & Business Dev. Officer, Loan Officers, Account Officers,
Remedial & Credit Officers, Branch Managers

DEADLINE TO SUBMIT REGISTRATION: April 28, 2017.

Course Objectives
• Understand the lending process cycle
• Identify relevant criteria to assess credit worthiness
• Provide theoretical basis for credit principles and process
• Develop the appropriate loan package based on actual, identified, and
cash flow analysis.
• Perform Credit Analysis in reviewing financial statements.
• Use a common spreadsheet format in analyzing financial statements

Methodologies
The course will be discussed in the point of view of lenders/account
officers and decision makers. We will use a combination of lecture and
workshops. There will be a short lecture, exercises on account
profitability analysis, financial spreadsheet and financial and cash flow
analysis. Writing a credit proposal.
• Laptop and calculator
• Sample loan approval ***
Course Outline
DAY 1
➢ Settling the Lending Criteria and eligibility requirements.
➢ Overview of BSP relevant circulars pertaining to credit evaluation.
➢ Guidelines in prescreening the borrower and know the essential
information needed.
➢ Credit Principles
➢ Determination of working capital and project cost estimate.
➢ Lending process flow overview
➢ Types of Credit Facilities
➢ Amortization schedule
➢ Discount versus in arrears interest
DAY 2
a. Account Profitability Analysis
b. Collateral evaluation
c. Financial analysis and cash flow
d. Relevant Ratios
e. Understanding the spreadsheet
f. Standard Line Wording
g. Credit Proposal Format
h. Actual Credit Proposal preparation
for selected accounts.
Summary
• Stress the importance of having credit policies, procedures and credit
risk management system in place.
• Highlighting the BOD role and responsibilities
• Advises FI to perform GAP Analysis as required by BSP Cir. 855

CIR Credit&LoanPack-May17 Download file click here

CS-Credit&LoanPack-May17 Download file click here

Comprehensive Property Appraisal Seminar -May 19-20

COMPREHENSIVE PROPERTY APPRAISAL SEMINAR

Date: May 19-20, 2017 (Fri-Sat)
Venue: Gov. Licaros Hall, RBAP, Intramuros,
Time: 8:30am to 5:00pm

RESOURCE PERSON
Engr. Ferdinand A. Bocobo Senior Property Manager, BDO
Trainer, Consultant

SEMINAR FEE

1. For Member – P3,800

2. Non-Member/Delinquent –P4,200

MODE OF PAYMENT
Check payable to:

Rural Bankers Research & Development Foundation Inc.

To reserve slot, a Non-Refundable commitment fee of P2,000.00 /pax is
required, but its deducted from the total registration fee.

Bank: LBP – Intramuros, Branch
Account Name: RBRDFI
SA No. 0012-1046-26.
Telefax (02) 527-2969 /527-2980

DEADLINE TO SUBMIT REGISTRATION: May 12, 2017.

Course Objectives
1) Provide participants the required knowledge and the skills to perform
property valuations in line with internationally accepted standards and
best practices.
2) Provides solid foundation in basic appraisal principles.
-to render a sound estimate of value of real estate of a given time
and for
a specific purpose.
-to guide on the analysis and qualifying data that needs to be collected
and reviewed during the appraisal process.
3) Learn the three main approaches to value and other methods of valuation
in reaching a sound opinion of value.
4) Provides information on how to read and map of a subject property –
delete, no longer part of outline since time consuming. Instead put –
Provides information on Site Inspection and Analysis
5) Demonstrates practical writing exercises necessary to produce
convincing appraisal reports in daily practice.

Seminar Methodologies
Lecture, Discussions, and Workshop: computations and drawing

Expected Participants
Loan Officers, Account Officers, Managers, Appraisers, Sales Officers,
ROPA Managers

Course Outline

• Definition of Appraisal
-purpose and appraisal process
• Definition of Price, Cost, Value and Market Value
• Other Values That May Be Determined by Appraisal
• Characteristics of Value
• Factors that Influence Value
• Appraisal Principles of Property Value
* Principle of Highest and Best Use
-Covers the relationship between market analysis and
highest and best use.
• Basic Appraisal Requirements
• Collateral Acceptability
• Collateral Non-Acceptability
• Site Inspection and Analysis
• Appraisal Report Writing
• Code of Ethics
• Salient Features of Real Estate Service Act 9646
• Primary Methods of Valuation
• Other Methods of Valuation

CIR CAppraisal-May17 Download file click here

CS-CAppraisal-May17 Download file click here

RBAP Economic Update As of 28 March 2017

Real sector

  • Real GDP grew by 6.6% year-on-year  in Q4 2016.  This was lower than the 7.1% growth in Q3 2016 but higher than the 6.5% in Q4 2015. 
    • Supply side:  The industry sector grew the fastest at 7.6% in Q4 2016 compared with 6.5% in Q4 2015.  The services sector grew by 7.4%, while the agriculture sector contracted by 1.1%.
    • Demand side:  Investments grew by 15.0% in Q4 2016, higher than the 13.3% growth in Q4 2015.  The main drivers of growth were intellectual property products (28.7%) and durable equipment (26.2%).  Meanwhile, household consumption, exports, and government spending grew by 6.3%, 10.4%, and 4%, respectively.

Monetary sector

  • Headline inflation rose to 3.3% y-o-y in February 2017 from 2.7% in January 2017.   The increase was attributed to the higher prices of food items (such as meat, fish, milk, cheese, eggs, and vegetables), electricity rates (due to increase in generation and transmission charges), and domestic petroleum products (gasoline, diesel, kerosene and LPG).  The year-to-date average inflation rate at 3.0% is within the government’s 3.0% + 1.0% target range for 2017.
  • Risks to future inflation:
  • Upside risks:
    • pending petitions for adjustments in electricity rates along with the short-term impact of the Malampaya maintenance shutdown
    • impact of the government’s fiscal reform program
  • Downside risk:
    • continued uncertainty in global economic landscape

External sector

  • Cash remittances from OFs reached US$26.9 billion in 2016, 5.0% higher than the US$25.6 billion recorded in 2015.  Meanwhile, the January 2017 cash remittances amounted to US$2.169 billion, which is 8.6% higher than the year ago level of US$1.997 billion.
  • International reserves stood at US$81.4 billion as of end-February 2017, US$0.06 billion higher than the end-January GIR.  The end-February GIR level can cover 9.0 months’ worth of imports of goods and payments of services and income.  
  • Philippine external  debt stood at US$74.8 billion as of end-2016, a decline of US$1.9 billion from the end-September 2016 level.  Consequently, external debt-to-GDP ratio improved to 24.6% in 2016 from  26.5% a year ago.
  • On a year-to-date (YTD) basis, the peso depreciated against the US dollar by 1.2% on 24 March 2017 as it closed at P50.33/US$1.
  • Commodity prices: (in US$/MT)
Commodity*

Feb. 2017

Jan. 2017

% change (m-o-m)
Copra

$1,146/MT

$1,225/MT

(6.45)
Raw Sugar

$450/MT

$450/MT


*Source: World Bank Commodities Price Data released on 2 March 2017;

Banking sector

  • Total resources of the banking system reached P13.8 trillion as of January 2017, lower than a month-ago level, but higher by 12.3% from a year ago.
  • The banking system remains adequately capitalized. The CAR of U/KBs at end-June 2016 stood at 15.37% and 16.12% on solo and consolidated bases, respectively, albeit higher than the previous quarter’s figures (15.03% solo and 15.80% consolidated).  However, the said CAR of U/KBs is higher than the BSP (10%) and BIS (8%) standards. 
  • The gross NPL ratio of the rural banking system decreased to 10.63% as of September 2016 from 10.95% a quarter ago.  Rural banks’ loan loss reserves stood at 7.90% of their gross NPLs as of September 2016, higher than the 7.81% in the previous quarter.  The CAR of rural banks at end-June 2016 stood at 18.27%, higher than the 17.83% in the previous quarter.

References:

http://www.nscb.gov.ph/sna/ 
http://www.worldbank.org/en/research/commodity-markets
http://www.bsp.gov.ph/banking/bspsup_universal.asp 
http://www.bsp.gov.ph/banking/bspsup_rural.asp 
http://www.bsp.gov.ph/statistics/efs_ext3.asp 
http://www.bsp.gov.ph/statistics/efs_ext2.asp#GIR 
http://www.bsp.gov.ph/statistics/efs_fsa1.asp 
http://www.bsp.gov.ph/publications/regular_inflation.asp 
http://www.bsp.gov.ph/publications/media.asp 
 http://www.nscb.gov.ph/sna/

BSP Circular 953: Amendment to the Regulation on Interlocking Directorships and/or Officerships of Representatives of Government

BSP Economic Update (as of March 28 2017)