The government, through Vice-President and Housing and Urban Development Coordinating Council (HUDCC) Chair Jejomar C. Binay, reaffirmed its support to rural banks and microfinance institutions in housing loan activities through the Home Guaranty Corporation (HGC) guaranty. To maximize this program, we highly encourage our member rural banks to become an HGC accredited bank.
Uploaded on our website are the requirements in securing a guaranty line from the HGC or you may on this link http://rbap.org/2013/10/announcement-hgc-accreditation-requirements/
In pursuit of effective communication, we would like to remind everyone to please check your bank’s contact details at www.rbap.org directory.
Make sure that all details are correct and active. Any inaccuracy in your contact details can be picked up by our regulators, which will then assume that your bank received their messages. The Bangko Sentral ng Pilipinas (BSP) uses the email particularly for FRP and WRR concerns. If their emails to you are not received, any error escalates and can result into severe penalties. To avoid this possibility, please check your bank’s details monthly and update (email: email@example.com or firstname.lastname@example.org) immediately of any changes.
We encourage confederations and/or federations to create an organization of compliance officers that will help us analyze the suitability of BSP circulars to our industry. A “one-time” subsidy amounting to P2,000 for federation level and P1,000 for confederation level will be provided to support initial organizational meeting
The BSP Organizational Chart is now uploaded in our website. The chart reflects the structure and key officials of BSP that rural banks are in contact with. To see the chart, please click on this link http://rbap.org/directory/simplified-bsp-organizational-chart-for-rbs/