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BSP Approves Microfinance Housing Loan Product for Rural Banks

FOR: ALL PARTICIPATING RURAL BANKS FROM: JOSEPH OMAR O. ANDAYA SUBJECT: BSP APPROVAL ON HOUSING MICROFINANCE LOAN PRODUCT Dear Fellow Rural Banker: This is to share with you the good news that the Bangko Sentral ng Pilipinas (BSP), through MB Resolution No. 659 as communicated by the office of Deputy Governor Nestor A. Espenilla Jr., …

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RBAP ANNUAL NATIONAL CONVENTION AND CORPORATE MEETING – May 31 & June 01, 2010

Dear Fellow Rural Banker: The Rural Bankers Association of the Philippines will hold its 57th Annual National Convention and Corporate Meeting at the Sofitel Philippine Plaza-Manila on May 31 and June 01, 2010. Our theme for this year’s gathering “Towards Greater Financial Inclusion and Social Protection ” gives everyone the general direction we rural bankers …

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Client Satisfaction Survey for Licensing Management System of the Supervision and Examination Sector

Dear Fellow Rural Bankers: Greetings! The Bangko Sentral ng Pilipinas requests the assistance of your RBAP in disseminating to the member banks the Client Satisfaction Survey for Licensing Quality Management System of the Supervision and Examination Sector (SES Licensing QMS). Surveys are attached, available for download, and response can be emailed directly to the BSP.

BSP releases regulations on liquidity, market risk weighting

The Philippine STAR 09/19/2006 The Monetary Board (MB) of the Bangko Sentral ng Pilipinas (BSP) has approved two new circulars on how financial institutions (FIs) should manage market and liquidity risks, including interest rate risk. The guidelines are formulated to ensure that FIs have sufficient knowledge and skills to understand and effectively manage market and …

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WB favors EO 138

The Philippine STAR 09/19/2006 The World Bank (WB) has expressed grave concern on the repeal of Executive Order (EO) 138 which was replaced by EO 558. EO 558, signed by President Arroyo last month, allows all government agencies to lend money regardless of its mandated functions. The repealed EO 138, signed by former President Estrada, …

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BSP gives banks more leeway in financial market activities

By Des Ferriols The Philippine Star 09/05/2006 The Bangko Sentral ng Pilipinas (BSP) has issued two major guidelines giving banks full control and accountability of their market and liquidity risks as the industry gears up for full compliance with the Basel II Convention. Under the new guidelines, the BSP said it is not particularly concerned …

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