Rural Banks

BSP Circular No. 2016-028: Authority of the Insurance Commissioner to Appoint a Conservator or Receiver of Insurance Companies

30 March 2016 TO: All Rural Banks RE: AUTHORITY OF THE INSURANCE COMMISSIONER TO APPOINT A CONSERVATOR OR RECEIVER OF INSURANCE COMPANIES Dear Rural Bankers: The BSP, in a communication, advised all Banks of the authority of the Insurance Commissioner to appoint a conservator or receiver to take charge of, among others, the assets and …

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APPROVED APPLICATIONS FOR NEW BANKING OFFICES AND OPENED BANKING OFFICES OF 4Q 2015

30 March 2016 TO: ALL RURAL BANKS RE: APPROVED APPLICATIONS FOR NEW BANKING OFFICES AND OPENED BANKING OFFICES DURING THE 4TH QUARTER OF 2015 Dear Rural Bankers: For information, listed below are the (1) approved applications for new banking offices, and (2) opened banking offices during the last quarter of 2015. I. Approved Applications for …

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BSP Circular No. 2016-024: Credit Consciousness Week

28 March 2016 TO: ALL RURAL BANKS RE: CREDIT CONSCIOUSNESS WEEK Dear Rural Bankers: Pursuant to Proclamation No. 568 dated April 25, 1995 designating April 24 to 30 as Credit Consciousness 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 …

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BSP Circular No. 899: Amendments to the Guidelines on Outsourcing

20 January 2016 TO: All Rural Banks SUBJECT: CIRCULAR NO. 899 – AMENDMENTS TO THE GUIDELINES ON OUTSOURCING Dear Rural Bankers, The Monetary Board in its Resolution No. 2115 dated 18 December 2015, approved the following amendments in the Manual of Regulations for Banks (MORB) and Manual of Regulations for Non-Bank Financial Institutions (MORNBFI) on …

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Building financial capabilities through m-banking

Rural banks already play a big role in small communities. They serve over one million low-income families who trust them for microinsurance, loans, savings and other crucial banking services that help them build a financial foundation to support themselves and their families. As such, it is important that these services are made readily available and …

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Speech of Mr. Francis Estrada, Chairman of Equity Managers Asia, Inc.*

Confederation of Southern Tagalog Rural Bankers Plenary Address – “Back to Basics” 2014 Annual Management Conference Forbes Ballroom, Baguio Country Club March 3, 2014 When I was invited to speak at this Conference by your colleague – and my cousin, Ricky Estrada – I was of course, honored and intrigued. I currently serve as independent …

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Taking care of our own

The spirit of “Bayanihan” was never more pronounced than the time the whole country bonded together in multi-pronged recovery and reconstruction efforts following the bout with super typhoon Yolanda. Political, religious, and ethnic differences were temporarily shelved in favor of helping each other bounce back from that harrowing ordeal. The rural banking industry epitomizes that …

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