Latest BSP Issuances

BSP Circular Letter No. CL-2013-064: National Banking Week 2014

To: ALL BANKING INSTITUTION Subject: National Banking Week 2014 Pursuant to Proclamation No. 2250 dated 10 December 1982 (copy attached) designating 1 to 7 January as National Banking Week, all banking institutions and their branches are enjoined to undertake during the period such promotional and publicity-generating activities as advertising, window and counter displays, streamers, distribution …

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BSP Memorandum No. M-2013-052: Temporary Relaxation of Implementation of Know Your Customer (KYC) Requirement – Non-Presentation of Identification Document in Processing Transactions of Victims of Super Typhoon Yolanda

The Monetary Board, in its Resolution No. 1959 dated 21 November 2013 approved to temporarily waive the presentation of official Identification Document (IDs) in processing transactions of victims of Super Typhoon Yolanda. For further details, please visit: http://www.bsp.gov.ph/downloads/regulations/attachments/2013/m052.pdf To download a copy of the Memo, please click this link: BSP Memorandum No. M-2013-052

BSP Memorandum No. M-2013-048 re : Weekly Report on Required and Available Reserves Against Deposit Liabilities

Dear rural bankers, Attached for your guidance is the Memorandum to All Rural Banks and Cooperative Banks on the Guidelines on the Electronic Submission of the Weekly Report on Required and Available Reserves Against Deposit Liabilities dated 7 November 2013. The updated WRRAR reporting data entry template shall be used effective for reserve report week-ending …

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BSP CL No. 2013-058: Approved Applications for New Banking Offices and Opened Banking Offices during the 2nd Quarter of 2013

For information, listed below are the approved applications for new banking offices, and banking offices which opened/re-opened during the 2nd Quarter of 2013. For rural and cooperative banks: 1. Agribusiness Rural Bank, Inc. (AGRIB) 2. Banco Laguna, Inc. 3. Bangko Cabana 4. Bank of Florida, Inc. 5. Bank of Makati, Inc. 6. CARD Bank, Inc. …

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