Year: 2006
Comments on BSP’s Reducing Restrictions on Bank Branching
Comments on BSP’s Reducing Restrictions on Bank Branching in Support to Microfinance Development The rural banking system is ideally situated and structured to evolve into the most sustainable microfinance provider in the Phil countryside. While many NGOs have successfully grown their portfolios and outreach through the years, they remain hampered by the fact that as …
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35 RB Directors Completed Corporate Governance & Risk Management Course
Last 17-18 March 2005, RBRDFI held its 28th Seminar-Workshop on Corporate Governance and Risk Management for RB Directors at RBAP Conference Room, Intramuros, Manila. Thirty-five (35) incoming and incumbent directors completed the said seminar. The 2-day seminar-workshop created an air of understanding among the participants on their huge role as rural bank directors and in …
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27th Corporate Governance & Risk Management Seminar-Workshop Commends 29 RB Directors
Twenty-nine (29) incoming and current directors from major rural banks graced and completed the 27th Seminar-Workshop on Corporate Governance and Risk Management held at the RBAP Conference Room in Intramuros last February 17-18, 2005. The seminar-workshop simply aims to build a healthy and a competitive banking system. To achieve this, the rural bankers must learn …
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Central Banker: FAQs on Lending Investors, Financing Companies and Pawnshops
OF LIs, FCs and PAWNSHOPS Source: Central Banker, A Publication of the Bangko Sentral ng Pilipinas Sept.-October 2004 Vol. II Nos. 9 and 10 Following are some of the basic questions often asked of lending investors (LIs), financing companies (FCs) and pawnshops. Lending investors (LIs) are in the business of granting direct loans to the …
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RBAP STRATEGIC PLAN
2010 VISION “By 2010, RBAP shall be recognized as an institution known for its strong organization, full service, and as an advocacy and information and communication center for community banking in Asia.” Together, the Rural Bankers Association of the Philippines Officers and Staffs crafted the above vision statement during the 2-Day Planning Workshop last January …
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, …
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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PDIC issues rules on reporting for bank deposits
The Philippine STAR 08/22/2006 The Philippine Deposit Insurance Corp. (PDIC) published a regulatory issuance and operations manual recently prescribing standards of record keeping of bank deposits for all member banks.
ONB, DBP form remittance alliance
The Philippine STAR 08/08/2006 One Network Bank (ONB) has teamed up with the Development Bank of the Philippines (DBP) recently to expand the overseas remittance payout services available in its 63 branches through DBP’s Electronic Cash Remittance (EC REMIT) Program. ONB is the first rural bank to tie-up with DBP’s foreign remittance arm.
Letter-Introduction of Schuykill/Acres to Rural Banks
August 7, 2006 TO: ALL RURAL BANKS / COOP BANKS FROM: ATTY. FRANCIS S. GANZON, PRESIDENT SUBJECT: LETTER-INTRODUCTION OF SCHUYKILL/ACRES TO RURAL BANKS
Letter-Introduction of Peragram to Rural Banks
August 7, 2006 TO: ALL RURAL BANKS / COOP BANKS FROM: ATTY. FRANCIS S. GANZON, PRESIDENT SUBJECT: LETTER-INTRODUCTION OF PERAGRAM TO RURAL BANKS —————————————————————–
BSP to release new rules on banks‘ reporting system
By Donnabelle L. Gatdula The Philippine Star 08/03/2006 The Bangko Sentral ng Pilipinas (BSP) will release end of this week new rules that would overhaul banks’ reporting system, BSP Deputy Governor Nestor Espenilla said yesterday. “We are tidying up some of the templates and we will be ready to release it. It was already approved …
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