To all rural bankers, pleased be informed of the recently issued Circular 749 or the approved Guidelines in Strengthening Corporate Governance in BSP supervised Financial Institutions. Pursuant to Resolutions 111 and 227 of the Monetary Board, the 29-page circular stipulates the amendments on the Manual of Regulations for Banks under Subsections X141, X142, X174 to …
Guidelines in Strengthening Corporate Governance Read More »
This is to notify all rural bankers of the required accomplishment and submission of IT Profile Report, for the creation of a baseline IT information and, risk profile the complexity of IT operations based on technology related products. Below are the summarized guidelines in the submission of the IT profile, which RBAP hopes will be …
All member rural banks are hereby notified of the amendments on the provisions of Micro Agri Loans, as stipulated in the recently issued BSP circular. The modifications are under subsection X361.7 of the MORB. Particular attention should be given on Section 2, which lists several prudential requirements for compliance; Section 3 meanwhile covers the breakdown …
This is to notify all rural banks concerned of the amendments on subsection X304.1 of the Manual of Regulations for Banks, with respect to the extension of submission granted to micro and small enterprises. As stipulated: “Loans small and micro enterprises which are not specifically exempted from the additional documentary requirements specified under the third …
Amendments on exemptions granted to small and micro-enterprises Read More »
This is to notify all concerned banks of Memorandum 2012-004 on the criteria for acceptability of new land titles with Presidential decree no. 1271 Annotation as underlying collateral for loans offered for rediscounting with the BSP. It is however, subject to the following conditions: 1. That the land titles submitted specifically state that the original …
This is to inform everyone of the guidelines on the electronic submission of the report on Compliance with the Mandatory Agri Agra Credit under RA No. 10000 and the updated FRP Report, pursuant to Circular No. 736 and Memorandum Number M-2011-052. For a complete breakdown of the of the Agri Agra Submission and FRP Submission …
Guidelines on the electronic submission of the new Agri Agra Report and updated FRP Read More »
In accordance to Proclamation 2250, designating January 1 to 7 as National Banking Week, the Banko Sentral ng Pilipinas is encouraging all banking institutions and their branches to undertake promotional and publicity generating activities such as advertising, window and counter displays, streamers, distribution of give-aways and similar incentives. Likewise, the BSP enjoins all banks to …
The following article published by The Philippine Star reports the substantial increase in total value of financial transactions handled by the Bangko Sentral ng Pilipinas’ PhilPass system. Published on the 15th of November, the article stipulates that the jump occurred in the first quarter of 2011 due to the steady rise of remittances of Filipinos …
Total financial value of PhilPass transactions increase to 54 percent Read More »
Please be informed of the issuance of Memorandum o56 or, the granting of temporary regulatory relief to banks with offices and branches located in areas devastated by Pedring, which was approved by the Monetary Board in its promulgated Resolution No. 1597. The aforementioned resolution contains several provisions, specifically on the form of temporary relief granted …
M-056, Approving the Temporary Regulatory Relief to banks affected by typhoon “Pedring” Read More »
The Rural Bankers of the Philippines, which will be celebrating its charter anniversary in November, recently held its monthly Confederation Meeting at the SMX Convention Center in Pasay City. One of the highlights of the event was the presentation by the Bangko Sentral ng Pilipinas on four (4) circulars benefitting the rural banking industry. Worth …
The Banco Sentral ng Pilipinas recently issued a circular, detailing the approval of the change of corporate name of Banco Carrascal, Inc. to BANCO CARRASCAL, Inc. (A Rural Bank). As stipulated in CL 2011 – 082, which came out on 19 October 2011, the bank concerned has registered its Amended Articles of Incorporation bearing its …
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., …
BSP Approves Microfinance Housing Loan Product for Rural Banks Read More »
The leadership of the Rural Bankers Association of the Philippines (RBAP) led by President Omar Andaya and immediate past president Mitch Gomez, the officers and members of RBAP, good evening.
The mission of the Rural Bankers Association is to support the ability of its members to offer quality banking services to all their constituencies, comply with regulatory requirements, and to promote the welfare of the communities in which they operate.
