President’s Corner

PDIC advises public on fake social media accounts

PDIC warns the public against fake social media accounts The Philippine Deposit Insurance Corporation (PDIC) warned the public to avoid making transactions with facebook accounts that use PDIC’s name. The state deposit insurer maintained that it does not have a facebook account nor accounts in other social media. Hence, all social media accounts pertaining to …

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RE-POST: RBAP 55th Charter Anniversary Symposium

Rural Bankers Association Philippines 55th Charter Anniversary November 19-20,2012 at the Manila Hotel. The Charter Anniversary Symposium is an annual gathering of Filipino Rural Bankers tackling issues, innovations and accomplishments of the rural banking industry at present. For more details, please click the provided link: RBAP 55th Charter Anniversary

RE-POST:55th Charter Anniversary Symposium

Rural Bankers Association Philippines 55th Charter Anniversary November 19-20,2012 at the Manila Hotel. The Charter Anniversary Symposium is an annual gathering of Filipino Rural Bankers tackling issues, innovations and accomplishments of the rural banking industry at present. For more details, please click the provided link: RBAP 55th Charter Anniversary

Dialogue between SBRP and RBAP

The Rural Bankers Association of the Philippines (RBAP) met with the  Samahang Bangko Rural ng Pangasinan (SBRP) last September to discuss banking innovations and developments in the countryside. Together, The SBRP and RBAP rekindled its passion for banking and financial inclusion.

On line conference by Microsave

MicroSave would like to invite rural bankers for its upcoming on line conference on October 30-31,2012. The conference will highlight the experiences of successful micro-insurance providers and how aspiring micro-insurance agents can penetrate the market. The Virtual Conference will be broken up into 3 hours long sessions, over 2 days. To view full details, please clik on the link …

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CIRCULAR LETTER NO. CL-2012-072: Cavite United Rural Bank, Corp. – Establishment and Commencement of Operation

The Rural Bankers Association of the Philippines and the Bangko Sentral ng Pilipinas wishes to inform the bankers community of the establishment of a new bank located in Trece Martires, Cavite called Cavite United Rural Bank. To view full details of circular, please click the ink below: http://www.bsp.gov.ph/downloads/regulations/attachments/2012/cl072.pdf

Please be advised that the Bangko Sentral ng Pilipinas-Anti-Money Laundering Council wishes to inform the Rural Banks about a resolution concerning the Anti-Money Laundering Law. Kindly read the message below.   The Anti-Money Laundering Council (AMLC) issued Resolution No. TF-02, dated 08 October 2012, directing covered institutions to freeze and preserve without delay property or …

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Malaya Business Insight: Foreign equity bill to make rural banks more competitive

Sen. Sergio Osmeña III is pushing for the opening of the rural banking industry to foreign ownership of up to 60 percent of the voting stock of an existing rural bank to make the industry healthier and at par with its bigger counterparts. He said Senate Bill 3282, or “An Act Allowing Infusion of Foreign …

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BSP CIRCULAR NO. 770 Series of 2012

Amendments to the Risk-Based Capital Adequacy Framework for Stand-alone Thrift Banks, Rural Banks, and Cooperative Banks The circular states amendments of provisions for Part I appendix 63c of the Manual of Regulations for Banks on risk-based  capital adequacy ratio, particularly on Section 1 and Section 2. For full circular details, please click the link: http://www.bsp.gov.ph/downloads/regulations/attachments/2012/c770.pdf

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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